Attention Income-tax Payers: A Stitch in Time Save Nine – Know about E-verification Scheme – 2021

An Overview of the Recent ROC Penalty / Charges orders:

Adjustment of refund: Giving of prior intimation under section 245 is mandatory.

Filing of affidavit before officer in support of the claim of cost of improvement can be useful?

Reassessment on ground that assessee had applied SLM instead of WDV of dep. is change of opinion: HC

No Sec. 69 additions in hands of director merely because Co. used his PAN to purchase land: ITAT

Legal exp. incurred for directors can’t be treated as personal without examining outcome of proceedings

Penalties for various defaults in the Income Tax Law: An Overview (II)

Payment for Services provided by Marketing Partner to the assessee in software business amounts to FTS: ITAT

VSV application cannot be rejected merely because the condonation of delay in filing appeal was not accepted: Delhi HC

Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT

TDS has to be deducted in the case of supplementary commission of travel agents: SC

Dont miss 30th November 2022 as the Last Date to Claim ITC for FY 21-22 & also Last Date to Amend Invoice Pertaining to FY 21-22 W.r.t GSTR 9

Request to give wide public – Extension of the date for filling application for registration / approval in Form No. 10A upto 25.11.2022

Guidelines for verifying the Transitional Credit in light of the order of the Hon’ble Supreme Court in the Union of India vs. Filco Trade Centre Pvt. Ltd., SLP(C) No. 32709- 32710/2018, order dated 22.07.2022 & 02.09.2022

Clarification on refund related issues

Can an investigating officer ask for mobile or email password during an investigation?

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A