News & Updates Latest Tax newsITAT Grants Section 80IA Deduction, Recognizes Infrastructure Development Role [Read Order] February 11, 2025The Income Tax Appellate Tribunal ( ITAT ) Mumbai has ruled in favor of Patil Construction and Infrastructure Ltd., allowing deductions under Section 80IA of the Income Tax Act, 1961 for Assessment Years 2014-15, 2015-16, and 2017-18. The tribunal upheld the company’s claim and concluded that it qualifies as a developer rather than merely a […] NeethuITAT remands Case Back to AO Due to Lack of Proper Inquiry [Read Order] February 11, 2025The Income Tax Appellate Tribunal ( ITAT ) Rajkot Bench sent a case back to the Assessing Officer (AO) for fresh adjudication, stating that the authorities failed to conduct a proper inquiry regarding unsecured loans amounting to Rs.1.82 crore and Rs.1 crore. The tribunal observed that the additions under Section 68 of the Income Tax […] AnasBeware of Fraudulent GST Violation Notice: Know How to Verify Authenticity of GST Notice February 11, 2025Although getting a GST notification can be unsettling, it’s important to confirm its legitimacy to prevent being a victim of fraud. To ensure compliance and prevent fraud, it is essential to confirm the legitimacy of a GST notice. When in doubt, always double-check the notification data on the GST portal, seek expert advice, and avoid […] AmalaCA, MBA Vacancies at Kotak February 11, 2025Kotak invited applications for the post Credit Manager-Commercial Vehicle ( CV )-Retail-Credit Qualifications: Small Business, Big Funding Opportunities – Click here to Register Responsibilities: Small Business, Big Funding Opportunities – Click here to Register Apply Before: 03/10/2025, 12:18 PM JOB LOCATION: Mumbai, Maharashtra, IndiaFor more details and to apply, click here Subscribe to Taxscan Premium […] NeethuRelief to Hyundai Motors: Cenvat Credit on roadside assistance not Input Service under Rule 2(l) of CCR [Read Order] February 11, 2025In a recent case, the Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) as a relief to Hyundai Motors held that Cenvat Credit on roadside assistance not fall under input service under Rule 2(l) of Cenvat Credit Rules (CCR), 2004 as the service was utilised beyond the place of removal. M/s. […] FarhanaGSTN Issues Advisory for Biometric-Based Aadhaar Authentication & Document Verification February 11, 2025The Goods and Services Tax Network ( GSTN ) has issued advisory for biometric-based Aadhaar authentication and document verification for GST registration applicants of Maharashtra and Lakshadweep. The department informed taxpayers about recent developments concerning the application process for GST registration. The following important points should be kept in mind when registering. Rule 8 of […] AnasCA Vacancy in Citi February 11, 2025The Citi invited applications for the post Global Finance Control Analyst Qualifications Responsibilities Become PF & ESIC Pro: Basic to Advance Course – Enroll Today As part of GFC Americas Audit and Exam Management Team, responsible for: JOB LOCATION: Mumbai, IndiaFor more details and to apply, click here Subscribe to Taxscan Premium for latest Job […] AmalaMBA, CA Vacancy in EY February 11, 2025The EY invited applications for the post SAP FI-TREASURY-Senior Qualifications Transform GST Learning: Master Sections Faster with Memory Power- Click here to know more JOB LOCATION: NoidaFor more details and to apply, click here Subscribe to Taxscan Premium for latest Job updates on WhatsApp. Stay informed and advance your career with us FarhanaDGFT Prohibits Export of Raw Human Hair Below $65/kg FOB Value [Read Notification] February 11, 2025The Ministry of Commerce & Industry has issued Notification No. S 94/2024-25 dated February 10, 2025, announcing an amendment to the Export Policy of Raw Human Hair. As per the new directive, the export of raw, unworked human hair has been prohibited, except in cases where the Free on Board (FOB) value is USD 65 […] AmalaCBDT Approves Bhaikaka University for Income Tax Benefits on Scientific Research [Read Notification] February 11, 2025The Ministry of Finance has issued Notification No. 15/2025, dated February 10, 2025, announcing the approval of Bhaikaka University, Anand, Gujarat (PAN: AAGAB9280N) under Section 35(1)(ii) of the Income Tax Act, 1961. This recognition allows the university to qualify for income tax benefits related to scientific research. According to the notification, donations made to Bhaikaka […] Anas