The commerce ministry is working to release the new five-year foreign trade policy (FTP) before September this year and Districts as Export Hubs scheme would be part of that …
Indian Revenue Service (IRS) officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said. Gupta, an IRS officer of the 1986 batch of …
The CBI has started an investigation against three Income Tax department officials for allegedly facilitating fictitious refunds of TDS deducted for several assessee by misusing system access of senior officers, officials said on Sunday. The …
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the issue of the genuineness of the purchases will be applicable only if the purchases belong to …
The Pune Bench of the Income Tax Appellate Tribunal (ITAT), headed by R.S. Syal (Vice President) and Partha Sarathi Chaudhury (Judicial Member), has deleted the penalty on the grounds …
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), consisting of Saktijit Dey (Judicial Member), has upheld the addition on the grounds that there was an astronomical increase in the …
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) consisting of C.N. Prasad (Judicial Member) has observed that if the Assessing Officer does not make any addition on the primary …
The Delhi Income Tax Appellate Tribunal (ITAT) consisting of C.N. Prasad (Judicial Member) has observed that reassessment cannot be made until there has been service of notice. The assessee/appellant has challenged …
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the penalty proceedings as the notice issued to the assessee did not mentioned a categorical indication of …
India is proposing to transform its narrow export-focused special economic zones (SEZs) into comprehensive economic hubs through several concessions and the easing of restrictions to attract more investment in …
