The case dates back to the import of various textile articles by EMM EII Wooltex. Following the filing of a Bill of Entry in May 2017, customs authorities examined the goods and raised concerns that ...

In a decision providing clarity on how discrepancies in stock reporting should be treated for income tax purposes, the Income Tax A ...

Kastwel Foundries, a firm involved in the manufacturing of Ferro Alloys and Master Alloys, had filed its return of income for the assessment year in question, declaring a total income of ₹70,20,916.

Based on this non-compliance, the CIT (E) proceeded to reject the application for grant of registration under Section 12A. In addition, the provisional registration that had been granted earlier to ...