Compliance Calendar for Jan- 23 Happy New Year
Compliance Calendar for Jan- 23 Happy New Year INCOME TAX ▪ 07th Jan 2023- Due date for TDS/TCS…
Income Tax
Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand
Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand …
PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT
PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH…
Reopening is bad in law if it is by relying on the same set of material and the audit objection and using the same materials
Reopening is bad in law if it is by relying on the same set of material and the audit objection…
Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling about the charge against the assessee
Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling…
Purchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions
Purchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions A…
Science has not yet invented any instrument to test the reliability of the evidence placed before a Court or Tribunal- Supreme Court in CIT Vs. Durga Prasad More
Science has not yet invented any instrument to test the reliability of the evidence placed before a Court or Tribunal-…
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT The Income Tax…
Income Tax Authorities can adopt the theory of Human probability during Assessment Proceeding
Income Tax Authorities can adopt the theory of Human probability during Assessment Proceeding The Supreme Court in the case…
Taxation of amount withdrawn from Systematic Investment Plan (SIP) of Mutual fund
Taxation of amount withdrawn from Systematic Investment Plan (SIP) of Mutual fund Query] I have been investing in mutual…
Guidelines to identify mismatch of credit between GSTR- 2A and GSTR-3B in 2017-18 and 18-19
Guidelines to identify mismatch of credit between GSTR- 2A and GSTR-3B in 2017-18 and 18-19 Finally, CBIC has issued…
If the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative details, addition U/s 68 is not proper.
If the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative…
Agreement to sale entered prior to introduction of section 43CA –No addition even though the amount was received in cash if the stamp duty valuation was less at the time of agreement
Agreement to sale entered prior to introduction of section 43CA –No addition even though the amount was received in cash…
Capital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost
Capital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost.…
If substantial investment is made, the capital gain exemption is admissible even if the construction is not complete
If substantial investment is made, the capital gain exemption is admissible even if the construction is not complete MP…
Whether a society can claim credit for invoice received for repairs and maintenance services (“Works Contract”) of the building and adjust the same against their output tax liabilities on account of contribution from members?
Whether a society can claim credit for invoice received for repairs and maintenance services (“Works Contract”) of the building and…
Merely raising the dispute before any authority cannot be a ground not to levy the interest and/or waiver of interest under section 220(2A)
Merely raising the dispute before any authority cannot be a ground not to levy the interest and/or waiver of interest…
If the cash sales and receipts are duly supported by relevant bills which were produced in the course of assessment proceedings, addition U/s 68 is unwarranted
If the cash sales and receipts are duly supported by relevant bills which were produced in the course of assessment…
