Tax Guru7h
Central Excise Claims Not Secured Debt: NCLAT Delhi
NCLAT decisions, to emphasize that claims under Section 11E of the Central Excise Act and similar provisions are not ...
Tax Guru6h
No Service Tax Penalty If Tax dues Paid Before SCN: CESTAT Ahmedabad
CESTAT observed that since the appellant recorded the transactions in its books and voluntarily paid the tax and interest ...
Tax Guru7h
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...
Tax Guru2h
Denial of exemption u/s. 54B for purchase of agricultural land in name of wife not justified
ITAT Delhi held that denial of exemption under section 54B of the Income Tax Act for purchase of agricultural land in the name wife of the assessee is not justifiable. Accordingly, denial of benefit ...
Tax Guru2h
FDI Limit in Insurance Sector Raised to 100% in Budget
Smt. Nirmala Sitharaman informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire ...
Tax Guru2h
Society not entitled to exemption under sections 11 and 12 due to non-filing of return of income
ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...
Tax Guru2h
Explanatory Memoranda to Customs & Central Excise Notifications
Explanatory Memoranda to various Notifications issued on 1st February 2025 detail significant amendments in customs and excise duties, along with specific exemptions for various goods. Notification ...
Tax Guru2h
NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME
LIMIT TO BE Rs. 12.75 LAKH FOR SALARIED TAX PAYERS, WITH STANDARD DEDUCTION OF RS. 75,000 UNION BUDGET 2025-26 BRINGS ACROSS-THE-BOARD CHANGE IN INCOME TAX SLABS AND RATES TO BENEFIT ALL TAX-PAYERS ...
Tax Guru1h
Budget 2025: Key Customs & Excise Changes in Finance Bill 2025
Government of India Ministry of Finance (Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110001 D.O.F.No.334/3/2025-TRU | Dated: 1st February, 2025. Dear ...
Tax Guru8h
Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law
In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax ...
Tax Guru2h
MSME Investment and Turnover Limits to Be Enhanced
Union Budget 2025-26 aims to accelerate MSME growth by enhancing investment and turnover limits for classification, aiming to boost efficiency, technology adoption, and access to capital. Investment ...
Tax Guru23h
GSTR-3B & E-Way Bill: Jharkhand HC directs department to explain differences
Union of India, the Jharkhand High Court examined a writ petition challenging an order dated August 31, 2024, issued under ...