Allowability of Input tax credit if assessee paid tax by furnishing Form GST DRC-03
Allowability of Input tax credit if assessee paid tax by furnishing Form GST DRC-03 Section 16 Where assessee was directed…
Income Tax
Taxation of Future & Options
Taxation of Future & Options Trading in derivatives which may be in shares, currency, commodities, etc has become very common…
Addition u/s 68 towards Share capital/ share premium, bogus purchases and deposit in bank account deleted by Delhi HC
Addition u/s 68 towards Share capital/ share premium, bogus purchases and deposit in bank account deleted by Delhi HC There…
“We wonder whether the officers of respondents ever bother to read the papers before writing the reasons or recommending for approval or while granting approval”: Bombay HC Issues strictures against AO for total non-application of mind
“We wonder whether the officers of respondents ever bother to read the papers before writing the reasons or recommending for…
Admissibility of deduction u/s 40A(3) if the assessee made cash payments exceeding prescribed limit in supplier’s bank account directly
Admissibility of deduction u/s 40A(3) if the assessee made cash payments exceeding prescribed limit in supplier’s bank account directly …
Income Tax Department conducts search and seizure operations in Haryana
Income Tax Department conducts search and seizure operations in Haryana Government of India Ministry of Finance Department of Revenue…
Hon’ble Gujarat high court disposes the petitions on assurance by CBDT for resolution of technical glitches
Hon’ble Gujarat high court disposes the petitions on assurance by CBDT for resolution of technical glitches Hon’ble Gujarat High Court…
Validity of denial of ITC for the reason that the supplier is not genuine and a
Validity of denial of ITC for the reason that the supplier is not genuine and a There are numerous instances…
Dear Auditors, Get Ready for New Reporting Requirements in case of Companies Audit
Dear Auditors, Get Ready for New Reporting Requirements in case of Companies Audit Companies (Auditor’s Report) Order, 2020 reporting pertaining…
De-activation of IECs not updated on the DGFT after July 01, 2020 w.e.f. February 01, 2022
De-activation of IECs not updated on the DGFT after July 01, 2020 w.e.f. February 01, 2022 The DGFT issued Trade…
Bare Minimum Expectations from Union Budget – 2022
Bare Minimum Expectations from Union Budget – 2022 To Smt. Nirmala Sitharaman Hon’ble Finance Minister North Block New Delhi-01 Subject:…
Whether HUF can be a fictional entity or a group of natural persons who can reside in the house and take benefit of Sec 23(2)?
Whether HUF can be a fictional entity or a group of natural persons who can reside in the house and…
CBDT issue clarification on section 10(10D) in respect of taxation of ULIP
CBDT issue clarification on section 10(10D) in respect of taxation of ULIP Circular No. 2 of 2022 F. No.370142…
No violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)
No violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)…
No penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency
No penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency Mumbai ITAT…
Appreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd
Appreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd…
Income Tax Return filing Fees may be introduced by Budget – 2022?
Income Tax Return filing Fees may be introduced by Budget – 2022? Finance Minister Nirmala Sitharaman is seeking suggestions…
Unsecured Loans: If assessing Officer had already made detailed enquiries in respect of loan received by assessee, Revision order deserved to be set aside
Unsecured Loans: If assessing Officer had already made detailed enquiries in respect of loan received by assessee, Revision order deserved…
