Clipped from: https://www.business-standard.com/article/companies/silicon-valley-bank-crisis-jitters-may-impact-indian-startup-shores-123031001146_1.html The company has investments in close to 21 start-ups in India The crisis at Silicon Valley Bank (SVB), which is in talks on
Day: March 11, 2023
Penalty u/s 77 and 78 cannot be imposed in absence of evidence of Suppression of fact to evade Payment of Tax: CESTAT
Clipped from: https://www.taxscan.in/penalty-u-s-77-and-78-cannot-be-imposed-in-absence-of-evidence-of-suppression-of-fact-to-evade-payment-of-tax-cestat/260256/ By Yogitha S. Yogesh – On March 9, 2023 4:15 pm – 2 mins read The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) of Chennai Bench has held
🙏🙏🙏🙏🙏Transfer of Cases to call book and reviving after a long gap without any reasonable explanation is not allowable: Orissa HC
lipped from: https://www.taxscan.in/transfer-of-cases-to-call-book-and-reviving-after-a-long-gap-without-any-reasonable-explanation-is-not-allowable-orissa-hc/260245/ By Yogitha S. Yogesh – On March 9, 2023 3:15 pm – 2 mins read The Orissa High Court (HC) held that the transfer of cases to
🙏🙏🙏🙏🙏No Reasonable Cause for Delay in filing Appeal: ITAT Refuses to Condone Huge Delay of 3047 based on Vague Reasons
Clipped from: https://www.taxscan.in/no-reasonable-cause-for-delay-in-filing-appeal-itat-refuses-to-condone-huge-delay-of-3047-based-on-vague-reasons/260110/ By Fathima Karama A.M – On March 9, 2023 1:45 pm – 2 mins read The Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) has refused to condone the
PAN-Aadhaar Linking: Income Tax Dept Issues FAQs
Clipped from: https://www.taxscan.in/pan-aadhaar-linking-income-tax-dept-issues-faqs/260282/ By Navasree A.M – On March 9, 2023 1:34 pm – 6 mins read The Income Tax Department issued the FAQs which are valid till 31st March
AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition
Clipped from: https://www.taxscan.in/ao-failed-to-produce-evidence-for-cash-sales-itat-deletes-addition/259777/ By Fathima Karama A.M – On March 9, 2023 1:15 pm – 2 mins read The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has deleted the addition as
Monthly Rent paid by Company cannot be Allowed as Expenditure as Flat was Never Used for Business Purpose: ITAT
Clipped from: https://www.taxscan.in/monthly-rent-paid-by-company-cannot-be-allowed-as-expenditure-as-flat-was-never-used-for-business-purpose-itat/260088/ By Fathima Karama A.M – On March 9, 2023 12:45 pm – 2 mins read The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the monthly
👍Maharashtra Amnesty Scheme, 2023 for Goods and Services Tax Department
Clipped from: https://taxguru.in/goods-and-service-tax/maharashtra-amnesty-scheme-2023-goods-services-tax-department.html HIGHLIGHTS OF THE MAHARASHTRA STATE BUDGET SPEECHDATED 9TH MARCH, 2023BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE)SHRI DEVENDRA FADNAVIS PART-II (A) Amnesty Scheme, 2023 for Goods
👍ITC not eligible even if preceding seller not discharged its GST liability
Clipped from: https://taxguru.in/goods-and-service-tax/itc-eligible-preceding-seller-discharged-gst-liability.html In re Vimal Alloys Pvt. Ltd. (GST AAR Punjab) Question 1. Whether the purchaser is entitled to claim Input Tax Credit on the purchases
👍Advisory on Mandatory reporting of 6 digit HSN codes
Clipped from: https://taxguru.in/goods-and-service-tax/advisory-mandatory-reporting-6-digit-hsn-codes.html Mandatory reporting of 6 digit HSN codes as per Notification No. 78/2020 – Central Tax dated 15/10/2020 Attention Taxpayers As per the Notification No.
👍👍👍Assessment orders passed without affording opportunity of hearing to assessee is violative of principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/assessment-orders-passed-affording-opportunity-hearing-assessee-violative-principles-natural-justice.html Hon’ble Madras High Court in M/s. Novateur Electrical & Digital Systems Pvt. Ltd v. the Assistant Commissioner (ST) and Ors. has quashed the assessment orders
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