Payment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be genuine
Payment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be…
Income Tax
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 &…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 …
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…
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,…
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…
“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…
