https://taxguru.in/income-tax/unverified-information-itat-upholds-quashing-re-assessment-order.html Clipped from: https://taxguru.in/income-tax/unverified-information-itat-upholds-quashing-re-assessment-order.html ITO Vs Tarik Tondon (ITAT Delhi) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi upheld the order of the
Day: July 16, 2023
👍👍👍👍👍👍👍All About Udyam Registration process
https://taxguru.in/corporate-law/udyam-registration-process.html Clipped from: https://taxguru.in/corporate-law/udyam-registration-process.html We’ll talk about how Udyog Aadhar registration has been renamed Udyam registration by MSME. The MSME programmes of the Indian government or
👍👍👍👍👍👍👍Taxability of GST on Stock Transfer of Goods
https://taxguru.in/goods-and-service-tax/taxability-gst-stock-transfer-goods.html Clipped from: https://taxguru.in/goods-and-service-tax/taxability-gst-stock-transfer-goods.html Introduction: The taxability of stock transfers of goods is a crucial aspect under the GST regime. Stock transfers, which have been prevalent in
👍👍👍👍👍👍👍Significance of Show Cause Notice in Income Tax Proceedings
https://taxguru.in/income-tax/significance-show-notice-income-tax-proceedings.html Clipped from: https://taxguru.in/income-tax/significance-show-notice-income-tax-proceedings.html Introduction: In the realm of income tax proceedings, the show cause notice plays a vital role in preserving procedural fairness. This article
Read: Goa govt signs MoU with CGTMSE to enable collateral-free loans to MSMEs
https://www.financialexpress.com/industry/sme/msme-fin-goa-govt-signs-mou-with-cgtmse-to-enable-collateral-free-loans-to-msmes/3169226/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Read: 9 years of Modi govt: Decriminalisation of Companies Act to help particularly MSMEs, says FM Nirmala Sitharaman
https://www.financialexpress.com/industry/sme/9-years-of-modi-govt-decriminalisation-of-companies-act-to-help-particularly-msmes-says-fm-nirmala-sitharaman/3171209/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
👍👍👍👍👍👍👍Bombay HC Allows Petitioner’s Advocate during GST Statement Recording
https://taxguru.in/goods-and-service-tax/bombay-hc-allows-petitioners-advocate-gst-statement-recording.html Clipped from: https://taxguru.in/goods-and-service-tax/bombay-hc-allows-petitioners-advocate-gst-statement-recording.html In a significant ruling, the Bombay High Court, in the case of Shri Prakash Kumar Rameshbhai Patel v. State of Maharashtra [Criminal Writ
👍Bombay High Court Sets Time Limit for GST Tribunal Appeals
https://taxguru.in/goods-and-service-tax/bombay-high-court-sets-time-limit-gst-tribunal-appeals.html Clipped from: https://taxguru.in/goods-and-service-tax/bombay-high-court-sets-time-limit-gst-tribunal-appeals.html Essar Steel Suppliers Vs Union of India & Ors. (Bombay High Court) In a recent case, M/s Essar Steel Suppliers v. Union
👍👍👍👍👍👍👍Bonafide Belief Shields Appellant from Extended Period invocation for Service Tax Liability
https://taxguru.in/service-tax/bonafide-belief-shields-appellant-extended-period-invocation-service-tax-liability.html Clipped from: https://taxguru.in/service-tax/bonafide-belief-shields-appellant-extended-period-invocation-service-tax-liability.html Heena Enterprises Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) In the case of Heena Enterprises Vs Commissioner of Central Excise &
👍👍👍👍👍👍👍Critical Role of Initial Enquiry under Section 148A(a) for Taxpayer Protection
https://taxguru.in/income-tax/critical-role-initial-enquiry-section-148a-a-taxpayer-protection.html Clipped from: https://taxguru.in/income-tax/critical-role-initial-enquiry-section-148a-a-taxpayer-protection.html Section 148A, allows for the reopening of assessments where income chargeable to tax has escaped assessment but before AO issue an order
👍👍👍👍👍👍👍50th GST Council meeting’s 15 Major Decisions
https://taxguru.in/company-law/50th-gst-council-meetings-15-major-decisions.html Clipped from: https://taxguru.in/company-law/50th-gst-council-meetings-15-major-decisions.html The 50th Meeting of the GST Council was held on 11th July 2023 in New Delhi, under the chairpersonship of the Union
Order cancelling GST registration passed without assigning reason is non-speaking order
https://taxguru.in/goods-and-service-tax/order-cancelling-gst-registration-passed-assigning-reason-non-speaking-order.html Clipped from: https://taxguru.in/goods-and-service-tax/order-cancelling-gst-registration-passed-assigning-reason-non-speaking-order.html Om Trading Vs State of Gujarat (Gujarat High Court) Gujarat High Court held that order for cancellation of registration passed without assigning
👍👍👍👍👍Ex-parte order passed without considering submission is non-speaking order
https://taxguru.in/income-tax/ex-parte-order-passed-submission-non-speaking-order.html Clipped from: https://taxguru.in/income-tax/ex-parte-order-passed-submission-non-speaking-order.html Leela Devi Jain Vs ITO (ITAT Jaipur) ITAT Jaipur held that ex-parte order passed without considering and dealing with the submission of
👍👍👍👍👍The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by the co-operative society is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961.
Clipped from: https://www.taxscan.in/income-earned-by-co-operative-society-is-eligible-for-deduction-u-s-80p2ai-of-income-tax-act-itat/298355/ Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order] The Kolkata bench Section 80P(2)(a)(i) of the Income
Addition due to mismatch in 26AS and in books of account unsustained as difference duly explained
https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html Clipped from: https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html DCIT Vs Connect Residuary Pvt Ltd (ITAT Mumbai) ITAT Mumbai held that addition on account of mismatch between the income reported under
Capital Goods imported under Zero Duty EPCG Scheme is Eligible for Exemption : CESTAT Dismisses Appeal of Revenue
Clipped from: https://www.taxscan.in/capital-goods-imported-under-zero-duty-epcg-scheme-is-eligible-for-exemption-cestat-dismisses-appeal-of-revenue/299823/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Goods%20imported%20under%20Zero%20Duty%20EPCG%20Scheme%20is%20Eligible%20for%20Exemption%20:%20CESTAT%20Dismisses%20Appeal%20of%20Revenue The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissed the appeal filed by the revenue on the ground of imported capital goods
Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order
Read More: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/ Clipped from: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revisionary%20Powers%20u/s%20263%20of%20Income%20Tax%20Act%20not%20prevails%20if%20AO%20Conducts%20Inquiry%20and%20Verification%20during%20Assessment:%20ITAT%20quashes%20Revision%20Order The Pune Bench of Income Tax Appellate Tribunal has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the
Rent Paid to Wife Eligible for HRA Deduction u/s 10(13A) of Income Tax Act: ITAT
Read More: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/ Clipped from: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Rent%20Paid%20to%20Wife%20Eligible%20for%20HRA%20Deduction%20u/s%2010(13A)%20of%20Income%20Tax%20Act:%20ITAT In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the rental amount paid to wife is eligible for HRA
Depreciation Allowable only on Fixed Assets not used for Commercial Purpose: ITAT
Clipped from: https://www.taxscan.in/depreciation-allowable-only-on-fixed-assets-not-used-for-commercial-purpose-itat/299193/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation%20Allowable%20only%20on%20Fixed%20Assets%20not%20used%20for%20Commercial%20Purpose:%20ITAT The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that depreciation is allowable only on fixed assets not used for commercial purpose. The
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