Goods manufactured using advance modern/ technology not diversification i.e. different commercial activity – Supreme Court denies exemption u/s 4A of UP Trade Tax Act.  ABCAUS Case Law Citation ABCAUS 3632 (2023) (01) SC Important Case Laws relied upon:Commissioner of Sales Tax, Orissa and Anr. Vs. Jagannath Cotton Company …

  CBDT extends date for investment/construction/purchase claiming for capital gain exemption u/s 54 to 54GB .    F. No. 225/49/2021-ITA-IIGovernment of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ••••• Circular No. 1 of 2023 New Delhi, dated 06 January, 2023   Subject: Extension …

Customers can do KYC by submission of self-declaration through various non-face–to-face channels or fresh KYC remotely through V-CIP – RBI RBI has rationalised the KYC related instructions taking into account the available technological options for enhancing customers’ convenience within the framework prescribed under the Prevention of Money Laundering …

Trade Marks Agent Examination 2023 & Patent Agent Examination 2023   The office of the Controller General of Patents, Designs & Trade Marks shall hold the Trade Marks Agent Examination 2023 and Patent Agent Examination 2023 on 6th – 7th May 2022 as per the following schedule – …

Revision u/s 263 to make additions substantively instead of  protectively not sustainable – ITAT  ABCAUS Case Law Citation ABCAUS 3631 (2023) (01) ITAT In the instant case, the assessment was framed pursuant to search action u/s 132. The Assessing Officer (AO) made additions on protective basis in the …

Applicability of interest tax on interest component in hire-purchase agreement. Supreme Court set asides the addition and upheld fact findings of ITAT ABCAUS Case Law Citation ABCAUS 3630 (2023) (01) Important Case Laws relied upon:The Commissioner of Income Tax v. M/s Muthoot Leasing & Finance LimitedSundaram Finance Limited …