CBDT orders completion of
withdrawal of Departmental ‘low-tax’ effect appeals from ITAT and HC by January
31st, in pursuance to circular no. 3 of 2018 [substantially enhancing the
monetary limits for filing appeal]; Provides status of appeals withdrawal as on
January 15th,highlights 0% pendency for withdrawal of identified appeals from
HC in CCA regions – Delhi & Mumbai, whereas CCA regions Bhubaneswar &
Guwahati show 100% pendency; While Delhi once again leads on appeals-withdrawal
from ITATs with 0% pendency, however Kolkata, Jaipur & Guwahati show over
50% pendency; Thus, CBDT remarks that, “substantial scope of withdrawal of
identified appeals exists”; Calls for immediate efforts for completing the
appeal withdrawal process.
Subscribe to:
Post Comments (Atom)
India Tax Due Date - February 2026.
Sr No Due Date Related to Compliance to be made 1 11.02.2026 GST ...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
The Income-tax Appellate Tribunal has recently notified the Income-tax (Appellate Tribunal) Amendment Rules, 2025, introducing important p...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
This is to update you about an important decision by Hon’ble Madras High Court (‘ HC ’/’ Court ’) in the case of ARS Steel and Alloy Inte...
-
A tax investigation is one of the most stressful events a company can face. It disrupts operations, consumes resources, and carries signific...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
Mergers and Acquisitions (M&A) are no longer confined to large conglomerates. Mid-market deals, family-owned businesses, PE-backed exits...
-
Clarifications from the GST Council The GST Council has recommended the following clarifications on ISD and cross charge:
-
In a ruling that provides crucial clarity on the taxation of foreign enterprises in India, the Delhi bench of the Income Tax Appellate Tri...
No comments:
Post a Comment