Compliance Calendar for June- 23

GST Intelligence raid: Tax evasion of over Rs 1000 crores detected at jewellery stores in Kerala: More action likely in other parts of the country

Form 10AB got rejected, can apply for the condonation till 30.09.23: CBDT

No discrepancies in the audited books of accounts – Bogus purchase addition deleted by Delhi ITAT

Exemption u/s 54EC is available in respect of investment made within six calendar months after the date of transfer not within 180 days: ITAT

GST on leasehold rights covered under “sale of land” – SC?

Condonation of dealy in filling refund claim and claim of carry forward of lossess under section 1196(2)(b) of the Income-tax Act, 1961.

Assessment oder passed without DIN quashed by ITAT

FileStatement of Financial Transactions (SFT) by 31st May

Extension of the date of filing statement of Donation of FY 2022-23 in Form No. 10BD & certificate in Form No. 10BE extended to 30th June 2023

Expenses incurred for purchase of Diwali gifts by the assessee for the customers is an allowable expenditure U/S 37: ITAT

No Specific Identification is needed for exchange of 2000 notes: Delhi High Court

If the Assessing Officer has not furnished the relevant documents based on which the show-cause notice u/s. 148A(b) of the Income-tax Act 1961 has been issued it Amount to gross violation of principles of natural justice

CGST issues Standard Operating Procedure for Scrutiny of Returns for FY 2019-20 onwards

ITAT deletes LTCG on notionally calculated fictitious sale of jewellery

Taxation on transfer of shares of Non-Traded or Suspended companies & Buy Back of Shares

ITC Will Be Available For the Period from The Date of Cancellation of Registration to The Date of Restoration of Registration

CBDT notifies Rs. 25,00,000 for leave encashment exemption under Section 10(10AA)