Income Tax illegally levied must be refunded: Bombay HC
Income Tax illegally levied must be refunded: Bombay HC Facts: Petitioner had set up a Gas-based Sponge Iron…
Income Tax
Wef 1.10.23, No Tax Under RCM for Ocean Freight incurred on import of Goods
Wef 1.10.23, No Tax Under RCM for Ocean Freight incurred on import of Goods The copy of the order…
Reopening on the basis of change of opinion is impermissible: Bombay High Court
Reopening on the basis of change of opinion is impermissible: Bombay High Court The copy of the order as…
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX The Finance Act, 2023, brought in an…
MCA extends the timeline for conducting AGM & EGM
MCA extends the timeline for conducting AGM & EGM The MCA has issued General Circular No. 09/2023, dated September 25,…
Right to sue for damages is a capital receipt and not taxable: ITAT Mumbai
Right to sue for damages is a capital receipt and not taxable: ITAT Mumbai Facts: The assessee is an…
Extension of due Date of 30th September 2023: Confusion & Clarification
Extension of due Date of 30th September 2023: Confusion & Clarification Query 1] It is seen that banks classify the…
Sec 44ADA is not applicable where income is not earned on account of professional consultancy
Sec 44ADA is not applicable where income is not earned on account of professional consultancy Facts: The taxpayer,…
Income Tax Department Issued FAQs for Filling Form 10B. pdf
Income Tax Department Issued FAQs for Filling Form 10B. pdf The copy of the order as under : …
If notice under section 148A(b) and order under Section 148A(d) are not issued in faceless manner under the faceless assessment scheme, then the same are without jurisdiction: Telangana High Court
If notice under section 148A(b) and order under Section 148A(d) are not issued in faceless manner under the faceless assessment…
The State Tax Officer cannot block ITC Ledger even when State has issued Notification to empower the authorities with the power for the same: Bombay HC
The State Tax Officer cannot block ITC Ledger even when State has issued Notification to empower the authorities with the…
If the taxpayer is able to prove that tax amount is paid to the seller and the ITC claim is bonafide, ITC cannot be denied merely on non-reflection in GSTR-2A: Kerala High Court
If the taxpayer is able to prove that tax amount is paid to the seller and the ITC claim is…
GSTN Advisory: Geocoding Functionality for the Additional Place of Business
GSTN Advisory: Geocoding Functionality for the Additional Place of Business Dear Taxpayers, 1.GSTN is pleased to inform that the…
Introducing Electronic Credit Reversal and Re-claimed statement on GSTN
Introducing Electronic Credit Reversal and Re-claimed statement on GSTN The Government has notified certain changes in Table 4…
First Date Extension of the season: ITR 7 and audit report submission date for Trust Extended by one Month
First Date Extension of the season: ITR 7 and audit report submission date for Trust Extended by one Month …
Supreme Court issued notice to all High Courts as to why hearing through Video Conferencing discontinued
Supreme Court issued notice to all High Courts as to why hearing through Video Conferencing discontinued Supreme Court issues…
Physical Gold, ETF & Sovereign Gold Bond: Investment & Taxation
Physical Gold, ETF & Sovereign Gold Bond: Investment & Taxation Where gold speaks every tongue is silent- Proverb Though…
Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows that assessee has sufficient opening cash balance at the beginning of 01.04.2016
Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows…
