No Effort by AO to SendDraft Assessment Order to Correct Address: ITAT quashes Order

Clipped from: https://www.taxscan.in/no-effort-by-ao-to-send-draft-assessment-order-to-correct-address-itat-quashes-order/236636/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Effort Top Stories By Kalyani B Nair – On December 22, 2022 11:43 am The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order on the ground that

Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC

Clipped from: https://www.taxscan.in/loss-on-forex-fluctuations-on-forward-contracts-are-deductible-u-s-371-of-income-tax-act-delhi-hc/236418/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Loss%20on%20Forex%20fluctuations Top Stories By Navasree A M – On December 20, 2022 6:12 pm In a recent ruling of Delhi High Court (HC) of Justice Vibhu Bakhru

Transfer of Monetary Proceeds without underlying Import of Services are liable to IGST under RCM: AAR

Clipped from: https://www.taxscan.in/transfer-of-monetary-proceeds-without-underlying-import-of-services-are-liable-to-igst-under-rcm-aar/236499/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Transfer%20of%20Monetary Top Stories By Manu Sharma A S – On December 21, 2022 10:36 am The Maharashtra Authority for Advance Ruling (AAR) has recently ruled that the

UPS and Printers are part of Computer Systems, 60 % Depreciation allowable: ITAT

Clipped from: https://www.taxscan.in/ups-and-printers-are-part-of-computer-systems-60-depreciation-allowable-itat/236533/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=UPS%20and%20Printers Top Stories By Yogitha S. Yogesh – On December 21, 2022 10:49 am The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that UPS and Printers are

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