Income TaxAdditional Guidelines for clarifications on TDS on Perquisites defined U/S 194R by CBDT3 years agoAdditional Guidelines for clarifications on TDS on Perquisites defined U/S 194R by CBDT A new Circular No. 18 of 2022…
Income TaxIncome Tax Department conducts searches in Rajasthan3 years agoIncome Tax Department conducts searches in Rajasthan …
IT JudgementSuspension of GST registration resulting in highly adverse consequences – The blanket violation of the Principle of Natural Justice? – Plea admitted before Bombay HC3 years agoSuspension of GST registration resulting in highly adverse consequences – The blanket violation of the Principle of Natural Justice? –…
Income TaxFunctionality for withdrawal of form 15CB has been introduced: Know the procedure3 years agoFunctionality for withdrawal of form 15CB has been introduced: Know the procedure Now, CAs can withdraw the already filed…
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 Court3 years agoSLP against the constitutional validity of Section 17(5)(d) of the CGST Act, 2017 on shopping mall, hotels, warehousing industry filed…
Income TaxWithdrawals of fund from CGAS is better than using own funds for purchase / construction of the house property3 years ago Withdrawals of fund from CGAS is better than using own funds for purchase / construction of the house property …
Income TaxValidity of the Duty drawback and IGST/unutilized ITC refund of Exporters withheld by categorizing them as “Risky Exporter” on customs portal, Indian Customs EDI System3 years agoValidity of the Duty drawback and IGST/unutilized ITC refund of Exporters withheld by categorizing them as “Risky Exporter” on customs…
Income TaxBankers to launch complaint against Auditors in case of Willful Default if falsification of accounts is noticed3 years agoBankers to launch complaint against Auditors in case of Willful Default if falsification of accounts is noticed Recently RBI has…
IT JudgementTax default by the company and power to recover ot from the Director3 years agoTax 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 Heir3 years agoPenalty proceedings u/s 271(1)(c) initiated against the Assessee cannot be levied against the Legal Heir Hon’ble ITAT held that…
Income TaxTax Audit & Payment to the electricity board for electricity in cash exceeding Rs. 10,000 attracts disallowance u/s 40A(3) read with Rule 6DD3 years agoTax Audit & Payment to the electricity board for electricity in cash exceeding Rs. 10,000 attracts disallowance u/s 40A(3) read…
Income TaxUpdated Income Tax Return- An option to file or Revise the ITR of earlier year with additional tax payment3 years agoUpdated Income Tax Return- An option to file or Revise the ITR of earlier year with additional tax payment …
Income TaxInput Tax Credits on upfront lease premium vs. Section 17(5)(d)3 years agoInput Tax Credits on upfront lease premium vs. Section 17(5)(d) The scope of Section 17(5) is full of controversy and…
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 Court3 years agoRe-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.3 years agoReopening was set aside by Calcutta High Court as it was done in its entirety without giving any opportunity to…
Income TaxNon filing of Form No. 10B: Benefit of exemption u/s 11 cannot be denied if otherwise assessee is eligible to claim the same – Mumbai ITAT3 years agoNon filing of Form No. 10B: Benefit of exemption u/s 11 cannot be denied if otherwise assessee is eligible to…
IT JudgementAll about Notice for demand under section 1563 years agoAll 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 clarification3 years agoPortfolio management fee – CBDT should come out with the clarification As per the Report of Portfolio Managers filed with…