GST Compliance Calender Month : May – 2023
GST Compliance Calender Month : May – 2023 Due Date…
Income Tax
Now, CA, CS and CMA under PMLA net if they Enter into financial transactions on behalf of the clients
Now, CA, CS and CMA under PMLA net if they Enter into financial transactions on behalf of the clients …
Rent Received on redevelopment projects is not taxable
Rent Received on redevelopment projects is not taxable The copy of the order is as under: 1682312872-ITA 2823…
Cash deposited during demonetization : ITAT Amritsor deleted the Addition
Cash deposited during demonetization : ITAT Amritsor deleted the Addition The ITAT bench of Amritsar has deleted the addition…
No penalty leviable if any inadmissible claim is made in return inadvertently and course correction is made before the Assessment order is passed : Delhi HC
No penalty leviable if any inadmissible claim is made in return inadvertently and course correction is made before the Assessment…
Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act : Supreme Court
Loss on Confiscation of Smuggled items by DRI officials cannot be claimed as Business Loss under Income Tax Act :…
Union Finance Minister Smt. N. sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs.
Union Finance Minister Smt. N. sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs. Union…
If provisions to tax was not available in the statute as on the date of entering into the agreement, the same cannot be made applicable subsequently
If provisions to tax was not available in the statute as on the date of entering into the agreement, the…
Madras HC quashes assessment in case where assessee was given only 13 hours to reply to SCN
Madras HC quashes assessment in case where assessee was given only 13 hours to reply to SCN Sundaresan Suresh…
HC can’t dismiss writ filed against Sec. 148A(d) order on ground of availability of alternative remedy: SC
HC can’t dismiss writ filed against Sec. 148A(d) order on ground of availability of alternative remedy: SC INCOME TAX…
No addition U/S 68 as unexplained cash credit, if the same reflected as turnover in the books of accounts: ITAT Amritsar
No addition U/S 68 as unexplained cash credit, if the same reflected as turnover in the books of accounts: ITAT…
Know your Donor to avoid taxation as Anonymous Donation
Know your Donor to avoid taxation as Anonymous Donation. Charitable trusts are under the deep scanner of…
ITAT disallows Income Tax deduction on employees’ contribution to PF & ESI beyond the Due Dates
ITAT disallows Income Tax deduction on employees’ contribution to PF & ESI beyond the Due Dates IN THE…
Monthly rental compensation paid during redevelopment of society is a capital receipt: ITAT
Monthly rental compensation paid during redevelopment of society is a capital receipt: ITAT Ajay Parasmal Kothari Vs ITO (ITA…
Authorities are required to grant personal hearing even if not sought by the taxpayer for adverse orders
Authorities are required to grant personal hearing even if not sought by the taxpayer for adverse orders In the…
Without Corroborating Evidence, Addition Can’t Be Made On The Basis Of A Declaration Made U/s 132(4) Of The Income Tax Act : ITAT
Without Corroborating Evidence, Addition Can’t Be Made On The Basis Of A Declaration Made U/s 132(4) Of The Income Tax…
Assessments cannot be made U/S 153A in case no incriminating evidence is found during search
Assessments cannot be made U/S 153A in case no incriminating evidence is found during search Supreme Court Case- PCIT…
SC denies GST credit on goods subjected to penal proceedings?
SC denies GST credit on goods subjected to penal proceedings? It’s a settled principle that law must be interpreted…
