GST Council Approves New Rate for EV Batteries
GST Council Approves New Rate for EV Batteries — Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc euismod justo et nisi.
Read next
Gig Economy
Gig Economy
Gig economy is not a new concept it is as old as formal economy. In today’s world mostly individuals prefer working like a freelancer and treat the Gig as a much-desired alternative to a routine nine-to-five job, providing them more freedom and flexibility in their work.
Opinion formed by Deputy Commissioner of Income Tax for reopening of assessment, not amenable to judicial review
The petitioner was the assessee who approached the High Court challenging the notice issued by the Income Tax Department for reopening of assessment on account that some income has escaped assessment. Contention placed by the petitioner before High Court was that reopening of assessment is made without jurisdiction and in
S.80-IA (5) of Income Tax Act cannot be pressed into service for reading limitation of deduction under sub-section (1) of S.80-IA only to 'business income'
The Assessee claimed that deduction in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development should be allowed to the extent of 'gross total income. But this claim was rejected by the Assessing Officer. Apparently, in the present case, there is no discussion about