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Income Tax Communication without DIN Holds No Legal Standing: Delhi HC

Explore Delhi High Court's judgment in CIT vs. Brandix Mauritius Holdings Ltd. regarding significance of DIN in income tax communication. Understand implications of 2019 CBDT Circular. ....

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Income tax department all set to refund Rs 190 crore with Interest to Vedanta

In August, Vedanta moved the high court, alleging that the tax authorities had not remitted refund for AY 2021-22. ....

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vedanta: Tax dept agrees to refund Rs 190 cr to Vedanta, Delhi HC takes note

The income tax department has agreed to refund Vedanta Ltd with a sum of Rs 190 crore along with interest for the assessment year 2021-22. Vedanta had filed a complaint in the Delhi High Court stating that the department had not refunded the determined amount. The court has ordered the department to comply with the refund by October 30. Vedanta had also requested the refund amount to be adjusted against an outstanding demand raised by the department for the assessment year 2011-12. ....

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ITAT Deletes Penalty Of Rs.132 Cr. For Misreported Income Against Jaypee Cement

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty of Rs. 132 crore for misreported income against the assessee, Jaypee Cement.The bench of Saktijit Dey (Vice President). ....

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Godfrey Phillips India shareholders reject proposal to sell unmanufactured tobacco to Philip Morris Products, ET Retail

As many as 57.94 per cent of the shareholders present at Godfrey Phillips India s annual general meeting on September 1 voted against the "material related party transaction between the company and Philip Morris Products SA". ....

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