IT JudgementROC imposed penalty for not mentioning the DIN of directors in the financial statements15 Sep 20220ROC imposed penalty for not mentioning the DIN of directors in the financial statements Penalty levied by the Registrar…
IT JudgementIncome Tax Department conducts searches in Tamil Nadu15 Sep 20220Income Tax Department conducts searches in Tamil Nadu …
IT JudgementAny provision for deduction of tax at source in the said section would not govern the taxability of the receipt: P & H HC15 Sep 20220Any provision for deduction of tax at source in the said section would not govern the taxability of the receipt:…
IT JudgementReopening after 3 years possible only if the AO is able to establish that income escaped is more than Rs. 50 Lakh: Rajasthan High Court15 Sep 20220Reopening after 3 years possible only if the AO is able to establish that income escaped is more than Rs.…
IT JudgementCGST Bhiwandi Commissionerate arrested one person for fraudulent availment of ITC on bogus invoices of Rs 45 cr15 Sep 20220CGST Bhiwandi Commissionerate arrested one person for fraudulent availment of ITC on bogus invoices of Rs 45 cr
IT JudgementCBDT Circular on Applicability of TDS U/s 194R on dealers conference, OTS By bank, reimbursement of Expenses, allowability of depreciation on the gifted Car etc.14 Sep 20220 CBDT Circular on Applicability of TDS U/s 194R on dealers conference, OTS By bank, reimbursement of Expenses, allowability of depreciation…
IT JudgementTrust Auditor; Application of funds can only be made on actual payment basis in case of trusts having 12A14 Sep 20220Trust Auditor; Application of funds can only be made on actual payment basis in case of trusts having 12A …
IT JudgementValidity of the demand and penalty if the E Way bill was invalid at the time of interception of goods14 Sep 20220Validity of the demand and penalty if the E Way bill was invalid at the time of interception of goods…
IT JudgementSuspension of GST registration resulting in highly adverse consequences – The blanket violation of the Principle of Natural Justice? – Plea admitted before Bombay HC13 Sep 20220Suspension of GST registration resulting in highly adverse consequences – The blanket violation of the Principle of Natural Justice? –…
IT JudgementSLP against the constitutional validity of Section 17(5)(d) of the CGST Act, 2017 on shopping mall, hotels, warehousing industry filed before the Hon’ble Supreme Court13 Sep 20220SLP against the constitutional validity of Section 17(5)(d) of the CGST Act, 2017 on shopping mall, hotels, warehousing industry filed…
IT JudgementTax default by the company and power to recover ot from the Director13 Sep 20220Tax default by the company and power to recover ot from the Director Through the director and company are independent…
IT JudgementPenalty proceedings u/s 271(1)(c) initiated against the Assessee cannot be levied against the Legal Heir12 Sep 20220Penalty proceedings u/s 271(1)(c) initiated against the Assessee cannot be levied against the Legal Heir Hon’ble ITAT held that…
IT JudgementRe-assessment proceedings beyond the limitation prescribed under the new law : Notice u/s 148 and order u/s 148A(d) for AY 2018-19 quashed by Delhi High Court12 Sep 20220Re-assessment proceedings beyond the limitation prescribed under the new law : Notice u/s 148 and order u/s 148A(d) for AY…
IT JudgementReopening was set aside by Calcutta High Court as it was done in its entirety without giving any opportunity to reopen the matter on a different issue.9 Sep 20220Reopening was set aside by Calcutta High Court as it was done in its entirety without giving any opportunity to…
IT JudgementAll about Notice for demand under section 1569 Sep 20220All about Notice for demand under section 156 Various taxpayers are receiving the demand notice under section 156. What is…
IT JudgementPortfolio management fee – CBDT should come out with the clarification9 Sep 20220Portfolio management fee – CBDT should come out with the clarification As per the Report of Portfolio Managers filed with…
IT JudgementSec 115JB (MAT Provisions) not applicable to Actual write off, even when mentioned as provision in P&L: ITAT9 Sep 20220Sec 115JB (MAT Provisions) not applicable to Actual write off, even when mentioned as provision in P&L: ITAT Corrtech Energy…
IT JudgementChanges in form GSTR-3B: Let us understand what circular No. 170 speaks for mandatory reporting.8 Sep 20222 CommentsChanges in form GSTR-3B: Let us understand what circular No. 170 speaks for mandatory reporting. CHANGES IN GSTR…