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No Sec. 263 Revision if View Taken by AO Was Plausible View Supported by CBDT Circular No. 16/2017 | ITAT
Case Details: Agrani Buildestate v. Principal Commissioner of Income-tax - [2023] 153 taxmann.com 300 (Jaipur-Trib.) Judiciary and Counsel Details Sandeep Gosain, Judicial Member & Rathod Kamlesh Jayantbhai, Accountant Member Rajeev Sogani, CA for the Appellant. A.S. Nehra, Addl. CIT for the Respondent. Facts of the Case Assessee-firm was engaged in the business of letting out properties. Since income […]
Income-tax (Nineteenth Amendment) Rules, 2023
Publish Date : Monday, August 28, 2023 source
93% of Rs 2000 Banknotes in Circulation Returned to Banks Till August 31, 2023 | RBI
Press Release: 2023-2024/851, Dated: 01.09.2023 Earlier, RBI had announced the withdrawal of Rs 2000 banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which amounted to Rs 3.62 lakh crore on 31.03.2023 had declined to Rs 3.56 lakh crore as at the close of business on May 19, 2023. According to the […]
[World Tax News] China Reduces Stamp Duty on Securities Transactions to Boost Investor Confidence and More
Editorial Team – [2023] 154 taxmann.com 24 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. China reduces Stamp Duty on Securities Transactions to boost investor confidence China’s Ministry of Finance and State Administration of […]
Income-tax (Twentieth Amendment) Rules, 2023
Publish Date : Wednesday, August 30, 2023 source
Transfer of Assets, Within Group Cos., ‘Ex-facie’, Won’t Come Within Umbrage of Fraudulent Trading u/s 66(1) of IBC | NCLAT
Case Details: Renuka Devi Rangaswamy v. Madhusudan Khemka - [2023] 153 taxmann.com 118 (NCLAT-Chennai) Judiciary and Counsel Details M. Venugopal, Judicial Member & Shreesha Merla, Technical Member T.K. Bhaskar, Adv. for the Appellant. Facts of the Case In the instant case, the CIRP was commenced against the corporate debtor and the appellant was appointed as an IRP. […]
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Publish Date : Thursday, August 10, 2023 source
Govt. Accepts the Resignation of Shri Krishnamurthy Subramanian as Part-time Member of IBBI
Notification No. S.O. 3813(E)., Dated: 28.08.2023 Consequent upon the tendering of resignation by Shri Krishnamurthy Subramanian, part-time member in the Insolvency and Bankruptcy Board of India, the Central Government has accepted the resignation of Shri Krishnamurthy Subramanian from the post of part-time member in Insolvency and Bankruptcy Board of India with effect from the 1st […]
CBDT launches the revamped National Website of the Income Tax Department www.incometaxindia.gov.in
Publish Date : Saturday, August 26, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1148/Press-Release-CBDT-launches-the-revamped-National-Website-of-the-Income-Tax-Department-www.incometaxindia.gov.in.pdf source
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