No reversal of ITC due to loss during the manufacturing process
No reversal of ITC due to loss during the manufacturing process Madras HC in the case of ARS Steels…
Month: June 2021
A Detailed Analysis of Section 194Q of the Income Tax Act, 1961
A Detailed Analysis of Section 194Q of the Income Tax Act, 1961 Author CA Vibhor Kalamkar The Government, vide…
It is mandatory to file revised form 36 after death of assessee, as appeals cannot continue for or against a dead person.
It is mandatory to file revised form 36 after death of assessee, as appeals cannot continue for or against a…
ICAI Reply on the writ petition filed at SC on Exams related issue
ICAI Reply on the writ petition filed at SC on Exams related issue IN THE SUPREME COURT OF…
Compensation paid under the National Highway Act, 1956 cannot be given the benefit of section 96 of the RFCTLARR Act, 2013, therefore, receipt from the land acquisition shall be taxable in the hands of assessee.
Compensation paid under the National Highway Act, 1956 cannot be given the benefit of section 96 of the RFCTLARR Act,…
Uses of word ‘may” in section 144B(7)(vii) cannot absolve revenue from obligation cast upon it to consider request made for grant of personal hearing;
Uses of word ‘may” in section 144B(7)(vii) cannot absolve revenue from obligation cast upon it to consider request made for…
Order passed without considering Assessee’s request set aside by Delhi High Court
Order passed without considering Assessee’s request set aside by Delhi High Court [2021] 127 taxmann.com 641 (Delhi) HIGH COURT OF…
New Information for Statement of Financial Transactions: Interest Income, Dividend Income and Capital Gain Income of Mutual Funds & Shares
New Information for Statement of Financial Transactions: Interest Income, Dividend Income and Capital Gain Income of Mutual Funds & Shares…
A comparative Chart on Section 194-Q vis a vis Section 206C(1H)
A comparative Chart on Section 194-Q vis a vis Section 206C(1H) Applicability Sec. 194-Q Sec. 206C(1H) Applicability is…
After 1-4-2021, assessment order can only be passed in consonance with provisions of Section 144B; assessment order dated 15-4-2021 passed by revenue under section 143(3), read with Sections 143(3A) and 143(3B) relating to assessment year 2018-19 was set aside
After 1-4-2021, assessment order can only be passed in consonance with provisions of Section 144B; assessment order dated 15-4-2021 passed…
Whether delayed payment charges or compensation could be termed as “Interest” for the purpose TDS
Whether delayed payment charges or compensation could be termed as “Interest” for the purpose TDS There are instances where…
Interest Income can’t be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT
Interest Income can’t be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income…
Reassessment is invalid if satisfaction for reopening is recorded in mechanical manner.
Reassessment is invalid if satisfaction for reopening is recorded in mechanical manner. OMKAM DEVELOPERS LTD ITA No.6862/Del./2018 Short Overview: The…
There is no warrant to select the head of income so far as the computation of the permissible amount of deduction of the remuneration under section 40(b) is concerned.
There is no warrant to select the head of income so far as the computation of the permissible amount of…
Mere procedural delay in reversing credit in GSTR-3B will not disentitle appellant from claiming refund of CENVAT credit: Bangalore CESTAT
Mere procedural delay in reversing credit in GSTR-3B will not disentitle appellant from claiming refund of CENVAT credit: Bangalore CESTAT…
HC sets aside order as National Faceless Assessment Centre didn’t consider objection filed in response to SCN
HC sets aside order as National Faceless Assessment Center didn’t consider objection filed in response to SCN KBB Nuts (P.) Ltd.…
Extension of Due dates of various compliances under the Income Tax Law
Extension of Due dates of various compliances under the Income Tax Law Taxpayers were already facing inconvenience in…
TIMELINE OF BUYBACK OF SHARES AND OTHER SECURITIES UNDER THE COMPANIES ACT 2013
TIMELINE OF BUYBACK OF SHARES AND OTHER SECURITIES UNDER THE COMPANIES ACT 2013 Author CS. RISHABH JAIN …
