Adjustment Against Bad and Doubtful Debts Amounts to Actual Writing Off of Bad Debts: ITAT

Read More: https://www.taxscan.in/adjustment-against-bad-and-doubtful-debts-amounts-to-actual-writing-off-of-bad-debts-itat/278440/ Clipped from: https://www.taxscan.in/adjustment-against-bad-and-doubtful-debts-amounts-to-actual-writing-off-of-bad-debts-itat/278440/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Adjustment%20Against%20Bad%20and%20Doubtful%20Debts%20Amounts%20to%20Actual%20Writing%20Off%20of%20Bad%20Debts:%20ITAT The Income Tax Appellate Tribunal (ITAT) of Ahmedabad bench has held that adjustment against bad and doubtful debts amounts to actual writing off

Provisional Attachment of Bank Account Ceases after 1 year Expiry: Delhi HC directs bank to operate account as attachment order no longer operative

Read More: https://www.taxscan.in/provisional-attachment-of-bank-account-ceases-after-1-year-expiry-delhi-hc-directs-bank-to-operate-account-as-attachment-order-no-longer-operative/278680/ Clipped from: https://www.taxscan.in/provisional-attachment-of-bank-account-ceases-after-1-year-expiry-delhi-hc-directs-bank-to-operate-account-as-attachment-order-no-longer-operative/278680/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Provisional%20Attachment%20of%20Bank%20Account%20Ceases%20after%201%20year%20Expiry:%20Delhi%20HC%20directs%20bank%20to%20operate%20account%20as%20attachment%20order%20no%20longer%20operative A Division Bench of the Delhi High Court considered the case while relying on section 83(2) of the Central Goods and Services

GSTN to Integrate with Account Aggregator System before July 1, 2023

Read More: https://www.taxscan.in/gstn-to-integrate-with-account-aggregator-system-before-july-1-2023/279994/ Clipped from: https://www.taxscan.in/gstn-to-integrate-with-account-aggregator-system-before-july-1-2023/279994/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GSTN%20to%20Integrate%20with%20Account%20Aggregator%20System%20before%20July%201,%202023 The Goods and Services Tax Network (GSTN) is all set to integrate with the Account Aggregator (AA) system, a financial data-sharing

BS news item [22.5.23 ] says [1] politicians, real estate players, underworld leaders and some traders dealing in cash–hold most of the notes [2] players in the grey market for dollars seem to have got wind of the withdrawal and as a result from Wednesday itself the hawala rate which was 85.5 rupees to the dollar had started rising to 87 and the next day to 88. It is now hovering around 91. [3] further the news item — states the law [a] Under PMLA KYC required for cash transactions for above Rs.50,000/_ [b] cash transactions above 2 lacs PAN card is mandatory.

👍👍👍👍👍Ex-parte order unjustified as revenue failed to carry out primary duty post non-service of notice

Read more at: https://taxguru.in/income-tax/ex-parte-order-unjustified-revenue-failed-carry-primary-duty-post-non-service-notice.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/income-tax/ex-parte-order-unjustified-revenue-failed-carry-primary-duty-post-non-service-notice.html Stanton Capital (India) P Ltd. Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that post non-service of notice, revenue

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