« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief «  Sebi scraps UIN, makes PAN sole ID for all transactions... Cos tweak salaries to reduce FBT load... » SC extends stay on levy of enhanced entry tax by MP June, 27th 2007 The Supreme Court on Monday directed the Madhya Pradesh High Court to dispose by July 3 a matter pertaining to enhanced entry tax collected by Madhya Pradesh, while extending the stay on such a levy till July 25. A vacation bench headed by Tarun Chatterjee extended the stay -- which comes as a relief to telecom major Bharti Airtel and tobacco firm Godfrey Philips India that had challenged the levy. The matter is listed for final hearing before the High Court on July 3. The High Court had upheld the validity of the 'Madhya Pradesh sthaniya kshetra me mal ke pravesh par kar adhiniyam 1976 and 2006 (entry tax acts) and the Sanshodhan Adhiniyam 2004 on the ground that the levy being compensatory in nature was immune from the challenge. The High Court had directed the petitioners to continue depositing the entry tax on cigarettes and other similar products of tobacco and telecom related goods at the enhanced rate of 10 percent charged pursuant to the adhyadesh of 2006. Both the companies have challenged the High Court order decision upholding the state government's right to levy tax on raw materials and packaging goods in manufacture of finished goods at higher rates than the rates prescribed under the entry tax act. Senior counsel U U Lalit appeared for Madhya Pradesh, while A K Ganguli for Godfrey Philips India. The companies stated that more than 40 petitions were pending before the High Court challenging the levy of entry tax on the goods brought into the state from outside as well as the goods entering from one local area to another.