Payment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be genuine
Allahabad High Court in the case of Smt. Sangeeta Verma vs.. CIT has observed that Payment in cash exceeding ...
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The Blogs
Faceless assessment does not take away the right to personal hearing: Delhi HC
Faceless assessment does not take away the right to personal hearing: Delhi HC
BHARAT ALUMINIUM COMPANY LTD (W.P.(C) 14528/2021 & CM APPL. 45702/2021)
Relevant provisions under faceless assessment pertaining to personal hearing:
1. Sec 144B (7)(viii)- The Chief Commissioner or the Director ...
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MFN clause will prevail over TDS rates mentioned in DTAA: Delhi HC
MFN clause will prevail over TDS rates mentioned in DTAA: Delhi HC
Deccan Holdings B V ([2021] 133 taxmann. com 94 (Delhi)
Short Overview of the case:
Facts:
1. The petitioner, a Netherland based company, holds 58.39% of the shares of Deccan Fine ...
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SLP filed in Supreme Court against order of Allahabad High Court quashing reassessment notices u/s 148
SLP filed in Supreme Court against order of Allahabad High Court quashing reassessment notices u/s 148
As expected, the department has filed an SLP before the Supreme Court against the order of the Allahabad High Court wherein all the notices ...
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Gujarat High Court quashed the Confiscation Notice GST MOV-10: Held that goods in transit cannot be confiscated on the grounds of Under-valuation and Wrong Route.
Gujarat High Court quashed the Confiscation Notice GST MOV-10: Held that goods in transit cannot be confiscated on the grounds of Under-valuation and Wrong Route.
The Hon'ble Gujarat High Court quashed the Confiscation Notice GST MOV-10 and observed that goods ...
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Importance of giving opportunity of personal hearing during Faceless Assessment
Importance of giving opportunity of personal hearing during Faceless Assessment
Delhi High Court in the case of Bharat Aluminium Co Ltd Vs Union of India & Ors was concerned with the issue of personal opportunity during faceless assessment. The issue ...
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Upcoming functionality – Interest Calculator in GSTR-3B
Upcoming functionality - Interest Calculator in GSTR-3B
1.As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the ...
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Gujarat HC asked CBDT to extend the audit report filing date to 15th March if technical glitches continues
Gujarat HC asked CBDT to extend the audit report filing date to 15th March if technical glitches continues
COURT ASKED TO EXTEND THE DUE DATE OF FILING OF AUDIT REPORTS TO 15TH MARCH IF CBDT DOES NOT RESOLVE THE GLITCHES:
GUJARAT ...
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DGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held
DGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held
Ministry of Finance
DGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held
Posted On: 14 JAN 2022 5:28PM by PIB Delhi
Recently ...
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Amount of Rs. 2.50 Lakh deposited by senior citizen of 80 years of age cannot be doubted considering his past returns: ITAT Bangalore
Amount of Rs. 2.50 Lakh deposited by senior citizen of 80 years of age cannot be doubted considering his past returns: ITAT Bangalore
ITAT Bangalore in the case of M. K. Kempasiddaiah Vs ACIT [ ITA Nos. 682 to 686/Bang/2020, ...
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Appreciation in the value of the Foreign Exchange and its Taxation
Appreciation in the value of the Foreign Exchange and its Taxation
The international tour & travels are on the rise. This may be for the purpose of leisure trip, for medical reasons, for the purpose of education or for meeting ...
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No more Expenditure Tax Please- No more trial & Error Please
No more Expenditure Tax Please- No more trial & Error Please
Finance Minister Nirmala Sitharaman is seeking suggestions from stakeholders for its annual budget for 2022-23 to be presented in the parliament on 1ST Feb 2022.
Every budget is a time to ...
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ITAT cautions careless taxpayers that wild & baseless allegations against CIT(A) with self-certification as ‘hapless victim’ will not help them
ITAT cautions careless taxpayers that wild & baseless allegations against CIT(A) with self-certification as 'hapless victim' will not help them
ITAT DELHI BENCH 'SMC' in the case of Abdul Wahab v. Income-tax Officer, Ward-1(5), Ghaziabad has made some serious observation against the ...
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Cash credit account cannot be provisionally attatched under any circumstances.
Cash credit account cannot be provisionally attatched under any circumstances.
Principal Commissioner, CGST Surat is in contempt.
C/SCA/76/2022
ORDER DATED: 05/01/2022
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/SPECIAL CIVIL APPLICATION NO. 76 of 2022
=============================================
MANISH SCRAP TRADERS
Versus
PRINCIPAL COMMISSIONER
=============================================
Appearance:
MR.AVINASH PODDAR(9761) for the ...
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Whether anyone from the Department or Government need to apologize to the taxpayers for irresponsible implementation of new Income Tax Portal?
Whether anyone from the Department or Government need to apologize to the taxpayers for irresponsible implementation of new Income Tax Portal?
Appreciably, CBDT has on its own extended the due date of filing audit report and submitting ITR from 15th Jan ...
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All Odisha Tax Advocates Association filed PIL in Odisha High Court: Waiver of Interest u/s 234A, Late Fee U/s 234F, Benefit of carry forward of loss etc demanded
All Odisha Tax Advocates Association filed PIL in Odisha High Court:
Waiver of Interest u/s 234A, Late Fee U/s 234F, Benefit of carry forward of loss etc demanded
All Odisha Tax Advocates Association has filed a PIL in Odisha High ...
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No Tax on Income of Rs. 10 Lakh: A case study
No Tax on Income of Rs. 10 Lakh:
A case study
The general basic exemption limit for individual taxpayers is Rs. 2.50 Lakh. This is Rs. 3 Lakh for senior Citizens & Rs. 5 Lakh for super senior citizens. Even ...
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“State Authorities in their whims and fencing are bend upon to harass the trading community of the State”: With this Allahabad HC imposed Rs. 20000 fine on the officer
"State Authorities in their whims and fencing are bend upon to harass the trading community of the State": With this Allahabad HC imposed Rs. 20000 fine on the officer
In the matter of movement of goods in vehicles, one important ...
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