Notification for protocol amending the Agreement between the Republic of India and Sultanate of Oman for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.  India and Oman has made amendments to protocol for the avoidance of double taxation and …

Undated, unsigned and typed loose sheet of paper are dumb document, could not be taken as the sole basis for determination of undisclosed income In a recent judgment, ITAT Amritsar has held that undated, unsigned and typed loose sheet of paper without witness, without any acceptable narration are …

Interest for delayed payment of compensation under Land Acquisition Act is taxable as capital gain not interest u/s 56 and also eligible for exemption u/s 10(37) – High Court In a recent judgment Kerala High Court has held that interest amounts received by an assessee in respect of …

Extension of the validity of FCRA registration certificates till 30.09.2025 Home Ministry has decided to extend the validity of FCRA registration certificates to 30.09.2025 of the following categories of FCRA registered entities: Extension of the validity of FCRA registration certificates till 30.09.2025 as per FCRA Public Notice F. …

Guidelines for review, revision, and appeals for orders passed by GST Common Adjudicating Authority CBIC has issued clarifications / guidelines for review, revision, and appeals for orders passed by GST Common Adjudicating Authority. CBIC vide Notification No. 02/2017 dated 19th June 2017 (as amended) read with Circular No. …

For arriving at accumulated profits for deemed dividend u/s 2(22)(e), depreciation under Income-tax Act is to be deducted – ITAT In a recent judgment, ITAT Chandigarh has held that for arriving at accumulated profits for deemed dividend u/s 2(22)(e), depreciation under Income-tax Act is to be deducted. Also, …