Income TaxSec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai1 year agoSec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai Gopalkrishna Pandu Shetty Vs…
Income TaxDon’t forget to file statement of financial Transaction (SFT) by 31st May1 year agoDon’t forget to file statement of financial Transaction (SFT) by 31st May SFT – The Power tool of Information: The Statement…
Income TaxManner of Service of Notice discussed by P & H High Court1 year agoManner of Service of Notice discussed by P & H High Court In a recent decision, the Punjab and…
GSTIncome TaxHow maintaining proper records saved a taxpayer’s right to avail ITC even when the supplier defaulted in payment of taxes and filing returns1 year agoHow maintaining proper records saved a taxpayer’s right to avail ITC even when the supplier defaulted in payment of taxes…
Income TaxIncorrect reporting in Clause No. 21 of CARO: ICAI’s disciplinary committee ordered a penalty of Rs.100,000/- on member1 year agoIncorrect reporting in Clause No. 21 of CARO: ICAI’s disciplinary committee ordered a penalty of Rs.100,000/- on member ICAI’s…
Income TaxIncome tax return vis a vis Tax Regime from AY 2024-25 Onwards: Points to Remember1 year agoIncome tax return vis a vis Tax Regime from AY 2024-25 Onwards: Points to Remember Here are few important Points…
Income TaxWhether legal representative is under an obligation to intimate about the death of the taxpayer to the IT Department?1 year agoWhether legal representative is under an obligation to intimate about the death of the taxpayer to the IT Department? …
Income TaxNotice U/s 148 has to be issued through automated allocation. If issued by JAO, it is invalid1 year agoNotice U/s 148 has to be issued through automated allocation. If issued by JAO, it is invalid The decision rendered…
Income TaxNew Functionality for checking Feedback Status on the Annual Information Statement (AIS)1 year agoNew Functionality for checking Feedback Status on the Annual Information Statement (AIS) The Income Tax Department is systematically collecting…
Income TaxIn Faceless assessment scheme, High Court can assume jurisdiction based on the place of residence of the assessee mentioned in the PAN details1 year agoIn Faceless assessment scheme, High Court can assume jurisdiction based on the place of residence of the assessee mentioned in…
Income TaxIT Judgement5. Reopening Notices Based on Borrowed Material from DRI and Justice M.B. Shah Commission Report Quashed by Bombay HC1 year agoReopening Notices Based on Borrowed Material from DRI and Justice M.B. Shah Commission Report Quashed by Bombay HC Bombay…
GSTIncome TaxHC instructs the GST Department to open portal for GSTR-3B filing after revocation of cancellation of registration.1 year agoHC instructs the GST Department to open portal for GSTR-3B filing after revocation of cancellation of registration. Orissa HC…
GSTIncome TaxGST officers has no jurisdiction beyond designated Area: Rajasthan HC1 year agoGST officers has no jurisdiction beyond designated Area: Rajasthan HC In a significant ruling, the Rajasthan High Court has clarified…
Income TaxIT JudgementAllahabad High Court Criticizes GST Officials for Violating Principles of Natural Justice1 year agoAllahabad High Court Criticizes GST Officials for Violating Principles of Natural Justice In the matter of Ns Agro and…
Income TaxIT JudgementNo penalty U/s 271DA for violation of section 269ST as the violation was by young company floated by first time entrepreneur without intent to evade tax: ITAT Delhi1 year agoNo penalty U/s 271DA for violation of section 269ST as the violation was by young company floated by first time…
Income TaxIT JudgementHeavy costs and disciplinary proceedings on GST Officers for not providing opportunity of personal hearing to taxpayers by Allahabad HC1 year agoHeavy costs and disciplinary proceedings on GST Officers for not providing opportunity of personal hearing to taxpayers by Allahabad HC…
Income TaxCircular No. 193/2023 for mismatch of ITC for 3B and 2A – 01.04.2019 to 31.12.20211 year agoCircular No. 193/2023 for mismatch of ITC for 3B and 2A – 01.04.2019 to 31.12.2021 The copy of the…
Income TaxReassesssment proceedings under section 147 are to quashed as Notice under section 148 was issued by non-jurisdictional officer: Adv.Swati Talwar1 year agoReassesssment proceedings under section 147 are to quashed as Notice under section 148 was issued by non-jurisdictional officer: Adv.Swati Talwar…