The Delhi ITAT has ruled in favour of the Taxpayer relying on the Mumbai ITAT’s decision in the case of Sky High Appeal XLIII Leasing Company Ltd. v. ACIT
The new regulation aims to provide greater legal certainty, simplify administration, and align the tax framework with the transfer of regulatory and supervisory duties over digital financial assets to the Financial Services Authority (OJK).
The Ministry of Finance issued a press release containing the recommendations of the 56th GST Council meeting. This was a momentous occasion covering several GST rate rationalisation measures and trade reforms.
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