CBDT designates OCAC Chairman for identifying genuine beneficiaries of Odisha's social welfare schemes under Section 138 of the Income Tax Act, 1961. The post Income Tax Section 138 Notification for Odisha Computer Application Centre appeared first on TaxGuru.

MCA notes a significant rise in DIR-3 KYC filings, reaching 22.98 lakh in FY 2024-25, surpassing the total filings of the previous fiscal year. The post Significant rise in DIR-3 KYC filings during FY 2024-25 appeared first on TaxGuru.

ITAT Bangalore deletes penalty under Section 270A on IIFL Samasta Finance Limited. Key issues included Provident Fund contributions and education cess claims. The post Penalties Not Justified Without Underreporting or Misreporting: ITAT Bangalore appeared first on TaxGuru.

Explore important tax rulings from the Nagpur ITAT, covering penalties, reassessment, TDS disallowance, and gratuity exemptions in four significant cases. The post Nagpur ITAT Judgments on penalties, reassessment, TDS disallowance & gratuity exemptions appeared first on TaxGuru.

Learn about the compounding of offences under Section 441 of the Companies Act 2013, the procedure, and conditions for avoiding prosecution by paying fines. The post Section 441 of Companies Act, 2013 (Compounding of Offences) appeared first on TaxGuru.

Stay GST compliant this Navratri. File GSTR-1, GSTR-3B, CMP-08 on time, reconcile ITC, and avoid penalties to secure your business. The post Navratri Special: Strengthen Your Business with GST Compliance! appeared first on TaxGuru.

Learn the distinction between annul and set aside in legal contexts, including judicial interpretations and practical implications in income tax cases. The post Annul vs. Set Aside: Judicial Interpretations & Legal Implications appeared first on TaxGuru.

Explore how climate change reshapes the insurance industry, affecting risk assessment, premiums, and coverage options in an increasingly volatile environment. The post Impact of climate change on insurance policies appeared first on TaxGuru.

Madras High Court held that issuance of two different orders for same Assessment Year is passed without application of mind and in violation of the principles of natural justice. Thus, order set aside and matter remanded back. The post Issuance of two different orders for same Assessment Year violative of principles of natural justice: Madras HC appeared first on TaxGuru.

Gauhati High Court held that Explanation inserted to section 14A vide the Finance Act, 2022 is applicable prospectively and order holding that the said insertion is clarificatory and hence retrospective in nature is erroneous. The post Explanation to section 14A inserted vide Finance Act, 2022 has prospective effect: Gauhati HC appeared first on TaxGuru.