Assessing Officer is duty bound to explicitly record the reasons for reopening proceeding
Assessing Officer is duty bound to explicitly record the reasons for reopening proceeding This is a recent judgment of…
Income Tax
WHETHER PAST ITC CAN BE CLAIMED NOW UPON REVOCATION OF CANCELLED REGISTRATION?
WHETHER PAST ITC CAN BE CLAIMED NOW UPON REVOCATION OF CANCELLED REGISTRATION? This question is answered positively by Hon’ble Rajasthan…
Co-operative bank is entitled to claim deduction of bad debts provided in first part of section 36 (1) (viia) (a) @ 7.50% of total Income and same cannot be denied linking it to rural advances
Co-operative bank is entitled to claim deduction of bad debts provided in first part of section 36 (1) (viia) (a)…
Disallowance cannot be made in respect of donation made in an institution based on valid CBDT approval: ITAT Mumbai
Disallowance cannot be made in respect of donation made in an institution based on valid CBDT approval: ITAT Mumbai ITA…
Vaildity Deduction u/s 80P to credit cooperative society providing credit to its members is cooperative Bank
Vaildity Deduction u/s 80P to credit cooperative society providing credit to its members is cooperative Bank Deduction u/s 80P…
GSTN issues Updated Advisory on GST Invoice Reporting: 7 days Time Limit applicable for Invoices and Credit/Debit Notes also
GSTN issues Updated Advisory on GST Invoice Reporting: 7 days Time Limit applicable for Invoices and Credit/Debit Notes also …
ITAT Mumbai held that deduction u/s 36(1)(via) is to be allowed on the total outstanding advances at the end of each month considering the opening balances.
ITAT Mumbai held that deduction u/s 36(1)(via) is to be allowed on the total outstanding advances at the end of…
Guidelines for Special All-India Drive against fake registrations
Guidelines for Special All-India Drive against fake registrations Various modus operandi of obtaining such fake registrations have been detected…
No national Taxation on unsold flats of Builder : ITAT Pune
No national Taxation on unsold flats of Builder : ITAT Pune The ITAT bench of Pune has held that…
‘Not Everything Said In a Judgment Constitutes a Precedent’- Supreme Court Explains Distinction Between Obiter Dicta & Ratio Decidendi
‘Not Everything Said In a Judgment Constitutes a Precedent’- Supreme Court Explains Distinction Between Obiter Dicta & Ratio Decidendi …
Advisory: Deferment of Implementation of Time Limit on Reporting Old e-Invoices
Advisory: Deferment of Implementation of Time Limit on Reporting Old e-Invoices 06/05/2023 Dear Taxpayers, It is to inform you…
Income Tax Notices for Bogus Political Donation: Issue & Option
Income Tax Notices for Bogus Political Donation: Issue & Option Donation to the Registered Political Parties or electoral trusts…
Cooperative Banks are also registered Cooperative Societies and Sec 80P deduction is available: ITAT Ahmedabad
Cooperative Banks are also registered Cooperative Societies and Sec 80P deduction is available: ITAT Ahmedabad Manila Sahayak Gruh Udyogsaha…
Assessee entitled to claim Input Tax Credit for the period from cancellation of registration till restoration
Assessee entitled to claim Input Tax Credit for the period from cancellation of registration till restoration The petitioner-firm’s GST…
Validity of addition under section 153 C Of Income Tax in the absence of incriminating material being found during the search in respect of such other person in an unabated assessment
Validity of addition under section 153 C Of Income Tax in the absence of incriminating material being found during the…
Whether secretarial auditor has to verify list of related parties disclosed in financial statements or he can simply rely on the list verified by the statutory auditors?
Whether secretarial auditor has to verify list of related parties disclosed in financial statements or he can simply rely on…
Compliance under Income tax Act, Labour Laws, Companies Act, & GST Act for May – 2023
Compliance under Income tax Act, Labour Laws, Companies Act, & GST Act for May – 2023 Compliances…
