Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Income Tax Portal Rejects Returns with S.54/54F Deductions for FY 24-25: Practitioner Flags Issue to CBIC on X
A practitioner has flagged an issue to the CBIC on X, stating that the "Income Tax portal rejects returns with S54/54F deductions for FY 24-25." The move is a significant step towards a more user-friendly and less intrusive tax environment, is aimed at promoting tax compliance while being sensitive to the practical difficulties faced by businesses. This is a crucial reminder to all businesses that they must be diligent in their dealings.