Budget Update
IndiGo orders 30 Airbus A350s for long hauls
Filing of Form 10A & 10AB: CBDT extends due date to June 30
RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes
CPGRAMS recognized as best practice in Commonwealth Secretaries of public service
Israel-Iran War: A close shave for Global Economy but for how long?
KABIL, CSIR ink MoU for Advancing Geophysical Investigations
I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT
TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing
I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT
Technology Board okays funding of Dhruva Space's Solar Array Project
I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT
Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine
I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT
Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide
I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT
Delhi HC says conspiracy against PM is a crime against State
I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT
Brazil makes new rules to streamline consumption taxes
I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT
Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights
I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT
BYD trying to redefine luxury for new EV variants
GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC
SC asks EC to submit more info on reliability of EVMs
Right to Sleep - A Legal lullaby