Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43.
Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43. The Central Goods and…
Income Tax
Some important issues in Direct Tax Vivad se Vishwas Scheme:
Some important issues in Direct Tax Vivad se Vishwas Scheme: Introduction: The Direct Tax Vivad Se Vishwas Scheme, 2024,…
If the assessee has not disclosed details of a foreign bank account & does not provide other details on requested by AO, the Department is justified in making the Estimate: Delhi HC
If the assessee has not disclosed details of a foreign bank account & does not provide other details on requested…
Tax Implications of Receiving Property in Exchange for Relinquishing Tenancy Rights
Tax Implications of Receiving Property in Exchange for Relinquishing Tenancy Rights Query 1] I was managing a big commercial property…
ITAT Mumbai case on ‘penny stocks’ where there is no evidence of wrongdoing by assessee and all relevant documents are produced:
ITAT Mumbai case on ‘penny stocks’ where there is no evidence of wrongdoing by assessee and all relevant documents are…
CBDT Relieves Diplomatic Missions and UN Agencies from IT Section 194N Tax Provisions:
CBDT Relieves Diplomatic Missions and UN Agencies from IT Section 194N Tax Provisions: 1. The Central Board of Direct…
Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on ‘Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017’
Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on ‘Proper officer under sections 73 and 74 of the Central…
Whether the scope of assessment U/s 153A could be broadened U/s 263 to include a re-calculation of LTCG pursuant to section 50C in cases where the original assessments remained unabated?
Whether the scope of assessment U/s 153A could be broadened U/s 263 to include a re-calculation of LTCG pursuant to…
Penalty of Rs.61.9 lakh for Non-filing of annual returns and annual financial statements in violation of Sec. 92(4) & Sec. 137(1) of the Companies Act by ROC, Tamilnadu
Penalty of Rs.61.9 lakh for Non-filing of annual returns and annual financial statements in violation of Sec. 92(4) & Sec. 137(1) of the Companies…
Addition in the hands of Assessee in respect of account belonging to other: ITAT Agra deleted the addition after condoning delay of 174 days
Addition in the hands of Assessee in respect of account belonging to other: ITAT Agra deleted the addition after condoning…
Compliance Calendar for Dec’2024
Compliance Calendar for Dec’2024 INCOME TAX ▪07th Dec 2024- Due date for payment of TCS/ TDS for the month…
Option once exercised by filing of Form 10IC, it remains valid for subsequent assessment years: No need to file it every year: ITAT Delhi
Option once exercised by filing of Form 10IC, it remains valid for subsequent assessment years: No need to file it…
Validity of notice issued U/s 148A(b) to deceased person and subsequent notices to the Legal heir
Validity of notice issued U/s 148A(b) to deceased person and subsequent notices to the Legal heir Case Details: Supreme Court…
Issuance of notice by the wrong officer will invalidate the assessment proceeding
Issuance of notice by the wrong officer will invalidate the assessment proceeding There are various cases wherein the notice…
Without any evidence to doubt the genuineness, the resultant capital loss cannot be disallowed: ITAT Mumbai
Without any evidence to doubt the genuineness, the resultant capital loss cannot be disallowed: ITAT Mumbai If the assessee…
Actual turnover of Kaccha Aarahtias (commission agents) is the commission charged and not the total sale proceeds on behalf of their principals: TDS credit allowed by ITAT Visakhapatnam
Actual turnover of Kaccha Aarahtias (commission agents) is the commission charged and not the total sale proceeds on behalf of…
Audit Memo do not fall within the ambit of the term “information” as provided in Explanation 1 to Section 148 of the Act w.r.t Finance Act 2021
Audit Memo do not fall within the ambit of the term “information” as provided in Explanation 1 to Section 148…
Penalty cannot be imposed on disallowance of 80P claim which is highly debatable
Penalty cannot be imposed on disallowance of 80P claim which is highly debatable The copy of the Appellate is…
