Constitutional validity of Anti Profiteering clause upheld by Delhi High Court
Constitutional validity of Anti Profiteering clause upheld by Delhi High Court The Hon’ble Delhi High Court has upheld the vires…
Month: January 2024
Taxability of gift vouchers under GST
Taxability of gift vouchers under GST As a part of sales promotion, Kalyan Jewellers issued different types of…
GST Rates on Construction
GST Rates on Construction The introduction of GST in construction services has wielded significant influence over the industry’s…
Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption
Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption Facts: The Durgapur Society of…
GST Registration Can’t be Cancelled Retrospectively For Non-Filing Of Returns: Delhi High Court
GST Registration Can’t be Cancelled Retrospectively For Non-Filing Of Returns: Delhi High Court The copy of the order is…
ITR filed without Financials is a defective return but not necessarily an invalid return: SC
ITR filed without Financials is a defective return but not necessarily an invalid return: SC Let us have a short…
Mad HC quashes the demand of GST on incentives paid to whole time directors and directs the authority to reconsider the issue in the light of the CBIC Circular
Mad HC quashes the demand of GST on incentives paid to whole time directors and directs the authority to reconsider…
An overview of 15 days / 45 days payment rule under section 43B(h)
An overview of 15 days / 45 days payment rule under section 43B(h) Section 43B(h) addresses payments to Micro &…
GSTN Issues Advisory on Furnishing Bank Account Details By Registered Taxpayers Under Rule 10A
GSTN Issues Advisory on Furnishing Bank Account Details By Registered Taxpayers Under Rule 10A GSTN Issued Advisory For Furnishing Bank…
CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25
CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25 The Central Board of Direct Taxes (CBDT) has recently issued…
An overview of TDS U/S 194O: Key issue
An overview of TDS U/S 194O: Key issue 1. According to Section 194O of the Income Tax Act, an E-commerce operator…
Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT
Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT (Civil Writ Petition…
Can ITC be availed on lift and elevators?
Can ITC be availed on lift and elevators? Section 17(5) of the CGST Act, 2017 provide a list…
AO cannot reassess any income that was the subject matter of an appeal: Bombay HC
AO cannot reassess any income that was the subject matter of an appeal: Bombay HC Shri Shanmukhananda Fine Arts Versus…
Avoid Disallowance: Timely Payments to MSME Essential for Deduction
Avoid Disallowance: Timely Payments to MSME Essential for Deduction MSME are growth engines & vital catalysts for our economy. The Micro, Small…
GST in Electronic Cash Ledger amount to payment to Government and interest cannot be levied merely because GSTR-3B was not filed: Madras HC
GST in Electronic Cash Ledger amount to payment to Government and interest cannot be levied merely because GSTR-3B was not…
Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach
Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach…
If AO has taken one of the possible views by treating the income offered during survey operation as income under the head business and profession, PCIT cannot exercise its revisionary power U/s 263
If AO has taken one of the possible views by treating the income offered during survey operation as income under…
