Budget Update
I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC
Israel launches missile attack on Iran
EC holds Video-Conference with over 250 Observers of Phase 2 polls
Germany disfavours Brazil’s proposal to tax super-rich
I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT
Govt appoints Dinesh Tripathi as New Navy Chief
AFMS, IIT Kanpur to develop tech to address health problems of soldiers
FBI sirens against Chinese hackers eyeing US infrastructure
I-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITAT
Kenya’s top military commanders perish in copter crash
CBIC notifies Customs exchange rates w.e.f. April 19, 2024
Meta shares ‘Most Intelligent’ AI assistant built on Llama model
ST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTAT
Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
Nexus between Election Manifesto and Budget 2024 in July!
Half of China’s major cities sinking, reveals Study
CX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT
PUZZLE TO DAZZLE