Clipped from: https://www.business-standard.com/economy/news/gst-evasion-detection-by-tax-officers-nearly-doubles-to-rs-1-01-trn-in-fy23-123042000572_1.html The official said the government is taking steps to increase compliance and using data analytics and human intelligence to identify fraud GST Listen
Author: Anil R Tikotekar
Minutes of April MPC meeting: Members split on economic growth prospects
Clipped from: https://www.business-standard.com/economy/news/mpc-minutes-external-members-worried-on-growth-internal-members-confident-123042001103_1.html RBI Governor Shaktikanta Das says situation dynamic and fast evolving Another external member Jayanth Varma cited two inflation risks that came to the
A MeitY move: Aadhaar validation by private entities gets green signal
Clipped from: https://www.business-standard.com/india-news/aadhaar-authentication-by-pvt-entities-for-delivering-govt-schemes-proposed-123042000455_1.html Currently, only ministries and depts are permitted to undertake Aadhaar authentication for govt schemes Photo: Wikimedia Commons The Ministry of Electronics and Information
Losing favour: IT sector weighting in Nifty50 at 5-year low of 12.2%
Clipped from: https://www.business-standard.com/markets/news/it-sector-weightage-in-nifty-50-index-at-five-year-low-of-12-2-123042001084_1.html Gives up most of the gains in market cap in post-pandemic period The IT sector has now given up most of the gains
👍👍👍👍👍Time limit for issue of section 149 notice is in respect of Section 148
Clipped from: https://taxguru.in/income-tax/time-limit-issue-section-149-notice-respect-section-148.html Sylph Technologies Limited Vs Principal Chief Commissioner of Income Tax (Madhya Pradesh HC) The time limit for issue of notice under section 149
Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT
Read More: https://www.taxscan.in/deduction-u-s-54f-not-allowable-if-assessee-has-more-than-a-residential-house-at-the-time-of-claiming-the-deduction-itat/270581/ Clipped from: https://www.taxscan.in/deduction-u-s-54f-not-allowable-if-assessee-has-more-than-a-residential-house-at-the-time-of-claiming-the-deduction-itat/270581/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Deduction%20u/s%2054F%20not%20Allowable%20if%20Assessee Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT
👍👍👍👍👍👍👍Capital Gains Exemptions under Section 54, 54F and 54EC
Clipped from: https://taxguru.in/income-tax/capital-gains-exemptions-section-54-54f-54ec.html The Article covers Section 54 : (Exemption on Sale of Residential House), Section 54F (Exemption on Sale of LTCA Other than Residential House), Section
👍👍👍👍👍👍👍Complete Guidance on Form MSME-1
Clipped from: https://taxguru.in/company-law/complete-guidance-form-msme-1.html As we all are aware that all the Companies are required to file two MSME-1 forms with the concerned authority i.e. Registrar of
👍👍👍👍👍Co-op society entitled for deduction u/s. 80P(2)(d) in respect of interest received from co-op banks
Clipped from: https://taxguru.in/income-tax/co-op-society-entitled-deduction-u-s-80p2d-respect-interest-received-co-op-banks.html Ishwar Bhavan Cooperative Housing Society Ltd Vs CIT(A) (ITAT Mumbai) By placing reliance on the co-ordinate Bench decision of this Tribunal in the
👍👍👍Central Excise Act One year limitation not applies to Service Tax paid under Protest
Clipped from: https://taxguru.in/service-tax/central-excise-act-one-year-limitation-applies-service-tax-paid-protest.html Erweka India Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) The issue involved in the present case is whether the appellants refund
👍👍👍Clearance of two entities having same partners is to be clubbed for SSI exemption limit
Clipped from: https://taxguru.in/excise-duty/clearance-entities-partners-clubbed-ssi-exemption-limit.html Himalaya Equipments Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT Ahmedabad held that value of clearance of two entities having same partners are to
👍👍👍👍👍HC set aside Income Tax Notice issued & Order passed on dissolved LLP
Clipped from: https://taxguru.in/income-tax/hc-set-aside-income-tax-notice-issued-order-passed-dissolved-llp.html Lotus Law Partners LLP Vs ITO (High court of Delhi) Via this writ petition, a challenge is laid to notice dated 14.03.2022 issued under
👍👍👍👍👍Section 54 exemption cannot be denied for acquiring new house in wife’s name
Clipped from: https://taxguru.in/income-tax/section-54-exemption-denied-acquiring-house-wifes-name.html Income Tax Officer Vs Shri Julius (ITAT Chennai) ITAT held that acquisition of new house in wife’s name would not jeopardise Section 54
👍👍👍👍👍Section 75(4) U.P. GST Act is Mandatory, Even if no Demand in Writing for Hearing is made out: Allahabad HC Quashes Order
Clipped from: https://www.taxscan.in/section-754-u-p-gst-act-is-mandatory-even-if-no-demand-in-writing-for-hearing-is-made-out-allahabad-hc-quashes-order/269641/ By Aparna. M – On April 17, 2023 1:00 pm – 2 mins read In a significant case, the Allahabad High Court held that section 75(4) of
👍👍👍👍👍Delhi HC Set Aside Section 148A(d) Order Passed without Considering Reply of Assessee: Directs de novo exercise
Clipped from: https://www.taxscan.in/delhi-hc-set-aside-section-148ad-order-passed-without-considering-reply-of-assessee-directs-de-novo-exercise/269531/ The Delhi Bench of High Court has set aside the order passed under Section 148A(d) of the Income Tax Act 1961 as this
👍👍👍Madras HC sets aside Assessment Order passed violative of the Natural Justice Principle
Clipped from: https://www.taxscan.in/gst-madras-hc-sets-aside-assessment-order-passed-violative-of-the-natural-justice-principle/269735/ The Madras High Court set aside the assessment order passed under the Goods and Services Tax Act, 2017 which was violative of the
Disappointing numbers
Clipped from: https://www.business-standard.com/opinion/editorial/disappointing-numbers-123041701135_1.html IT sector has hit a rough patch Listen to This Article Disappointing results and pessimistic guidance from Tata Consultancy Services (TCS) and Infosys
HDFC Bank stock’s re-rating still some time away, say analysts
Clipped from: https://www.business-standard.com/markets/news/hdfc-bank-near-term-volatility-to-continue-as-merger-timeline-gets-delayed-123041700303_1.html HDFC Bank shares: Analysts believe a re-rating in the stock would happen as and when more clarity emerges on the smooth merger with