Clipped from: https://taxguru.in/income-tax/hc-set-aside-section-148ad-order-passed-considering-reply.html Ashok Kumar Garg Vs ACIT (Delhi High Court) According to the petitioner, although the amount of alleged bogus purchase bills has been quantified
Day: April 14, 2023
👍👍👍👍👍👍👍MSME Registration Benefits – Tax and Others
Clipped from: https://taxguru.in/corporate-law/msme-registration-benefits-tax.html MSME registration helps the Micro, Small and Medium (MSME) industries to obtain various benefits provided by the government for their growth. In a
👍👍👍👍👍Without Suppression of Facts or Fraud Extended Period of Limitation cannot be invoked
Clipped from: https://taxguru.in/excise-duty/suppression-facts-fraud-extended-period-limitation-invoked.html Mangalore Refinery And Petrochemicals Ltd. Vs Commissioner Of Central Excise & Central Tax (CESTAT Bangalore) CESTAT find force in the submissions made by
👍👍👍👍👍Attested copies should be considered as proof of production of document as original documents misplaced
lipped from: https://taxguru.in/service-tax/attested-copies-considered-proof-production-document-original-documents-misplaced.html Wns Global Services Pvt. Ltd. Vs Commissioner of CGST (CESTAT Mumbai) CESTAT Mumbai held that refund claim was rejected on sole ground of non-production
👍👍👍👍👍👍👍Exemptions from Capital Gain under Income Tax act, 1961
Clipped from: https://taxguru.in/income-tax/exemptions-capital-gain-income-tax-act-1961.html Gist of Section 45: Any Profit or gain arising from the transfer of Capital asset is taxable as a Capital Gain u/s 45
👍👍👍👍👍👍👍Input Tax Credit under CGST Act, 2017
lipped from: https://taxguru.in/goods-and-service-tax/input-tax-credit-cgst-act-2017.html What is Input Tax Credit as per CGST Act?. From the combined reading of sections 2(62) and 2(63) we understand that tax paid
👍👍👍👍👍👍👍Reopening of Assessments Section 147 w.e.f. 01.04.2021
Clipped from: https://taxguru.in/income-tax/reopening-assessments-section-147-w-e-f-01-04-2021.html The Finance Act, 2021 had changed the law applicable to the reopening of assessments with effect from 1st April, 2021. Relevant sections are sections 147 to
👍👍👍Income Tax Return Filed by A Co-op Society after due Date is invalid – 80P Deduction not allowed: Kerala HC,
Clipped from: https://taxguru.in/income-tax/income-tax-return-filed-coop-society-due-date-invalid-80p-deduction-allowed-kerala-hc.html Nileshwar Range Kallu Chethu Vyavasaya Thozhilali Sahakarana Sangham Vs CIT (Kerala High Court) Disposing an IT Appeal in M/s. Nileshwar Range Kallu Chethu Vyavasaya
Assessee can claim TDS credit of Interest income of deceased wife reflected in return
Clipped from: https://taxguru.in/income-tax/interest-income-deceased-wife-reflected-return-tds-credit-duly.html Prem Mukundan Vs ITO (ITAT Cochin) ITAT Cochin held that as assessee dutifully declared interest income of deceased wife’s deposit in his return,
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