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IMF projects India’s growth for 2025 to be 6.8%Delhi Police nabs woman for thieving luxury SUVs Mega inferno burns down 17th century Copenhagen building CBDT inked 125 APAs last fiscal 7, including 3 women & a child, killed in road accident in Patna ECI states position on enforcement of MCC during first month UK to criminalise creation of sexually explicit deep fakes Chinese economy spikes by 5.3% in first quarter Indian Coast Guard rescues stranded fishing boat off Karwar UPSC releases results of Civil Services 2023; Aditya Srivastava tops the list India’s exports marginally dips into minus in March month Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report Samsung gets USD 6.4 bn in subsidy for Texas chip production India to resume FTA talks with EU next month


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Ahmedabad, May 10, 2018 I-T - Expenses incurred prior to and in connection with setting up of R&D facility duly approved by Government, are completely eligible for weighted deductions: HC

Ahmedabad, May 10, 2018 I-T - If an employer provides education subsidy to school where children of its employees pay only part school fee, such subsidy is not to be taxed in hands of employees as perquisite : HC

Ahmedabad, May 10, 2018 VAT - Rejection of declarations made under tax amnesty scheme would not automatically entail tax liability for applicant: HC

Chandigarh, May 10, 2018 CX - Assessment being final and excise duty had been discharged correctly with no indication of sales tax 'paid' or 'payable', no variation in assessable value at a later stage is permissible: CESTAT by Majority

Ahmedabad, May 10, 2018 I-T - NPA being irretrievable, Department should not tax notional interest income earned on accrual basis: ITAT

New Delhi, May 10, 2018 I-T - If two reasonable constructions of a taxing provision are possible, construction that favours the assessee is to be necessarily adopted: ITAT

Chandigarh, May 10, 2018 CX - Allegation is that invoices were arranged for availing Credit - No investigation was done at transporter's end - order denying credit set aside: CESTAT by Majority

New Delhi, May 09, 2018 I-T - Declaration of turnover along with service tax received from customers, is mandatory; Failure to deposit same before due date merits additions u/s 43B(a): ITAT

Ahmedabad, May 09, 2018 I-T - Settlement Commission cannot apply provision for abatement on assessee's applications without recording reasons attributable for such delay: HC

Ahmedabad, May 09, 2018 There is no provision in Income Tax Act which prevents AO from roving inquiry before issue of Sec 147 notice: HC

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