A. update
Due date for filing returns under section 139(1) of the Income Tax Act, 1961 has been extended
The due date for filing returns under section 139(1) of the Income Tax Act, 1961 has been extended from 31st October, 2024 to 15th November, 2024 for below classes of taxpayers referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act. As per Explanation 2 to Section 139(1) of Income Tax Act, 1961:
B. Tax in Media
‘Not every nude painting is obscene’: Bombay High Court raps customs officials
The Bombay High Court has ordered the Customs department to release seven artworks by renowned artists FN Souza and Akbar Padamsee, previously seized for being considered “obscene material”. The court observed that “every nude painting or every painting depicting some sexual intercourse poses cannot be styled as obscene”.
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