Category: Five Star
👍👍👍👍👍Unverified Information: ITAT upholds quashing of Re-assessment Order
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
👍👍👍👍👍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/ Top Stories 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
👍👍👍👍👍No GST on replacement of parts during warranty period, says council
https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clipped from: https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clarification provides certainty on the tax treatment of warranty repairs, say experts Listen to This Article The GST council has spoken on
👍👍👍👍👍Mohandas Pai, former SBI chairman Rajnish Kumar join Byju’s advisory council – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/mohandas-pai-former-sbi-chairman-rajnish-kumar-join-byjus-advisory-council/article67075902.ece Clipped from: https://www.thehindubusinessline.com/companies/mohandas-pai-former-sbi-chairman-rajnish-kumar-join-byjus-advisory-council/article67075902.ece The appointment of these two leaders to the advisory council will enhance its financial governance mechanisms and leverage expert advice to drive
👍👍👍👍👍Holding shares in firms’ subsidiaries exempted, clarifies GST Council
https://www.business-standard.com/economy/news/gst-council-says-mere-holding-of-shares-in-subsidiaries-exempt-of-gst-123071200713_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-says-mere-holding-of-shares-in-subsidiaries-exempt-of-gst-123071200713_1.html The clarification came amid GST officers sending notices to both Indian and foreign companies, demanding tax on share capital held in their
👍👍👍👍👍Capital gain not computable on execution of sale deed in favour of daughter-in law
https://taxguru.in/income-tax/capital-gain-computable-execution-sale-deed-favour-daughter-in-law.html Clipped from: https://taxguru.in/income-tax/capital-gain-computable-execution-sale-deed-favour-daughter-in-law.html Hanuman Prasad Tambi Vs ITO (ITAT Jaipur) ITAT Jaipur held that capital gain not computable in respect of sale deed executed in
👍👍👍👍👍Assessment Order cannot be directed against Only One of Deceased Assessee’s Legal Heirs
https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Clipped from: https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Darpan Kohli & Ors Vs ACIT (Delhi High Court) Introduction: In a case concerning the taxation of a deceased individual, the Delhi High
👍👍👍👍👍Filing your Income Tax returns? Know key changes in ITR for assessment year 2023-24
https://www.business-standard.com/finance/personal-finance/filing-your-returns-know-key-changes-in-itr-for-assessment-year-2023-24-123063000286_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/filing-your-returns-know-key-changes-in-itr-for-assessment-year-2023-24-123063000286_1.html A new disclosure has been added for ‘Income from retirement benefit accounts’. Disclosure is required to be made about the taxable income
👍👍👍👍👍Extended Limitation in Service Tax Demand -Unjust if no Proof of Fraud or Evasion
https://taxguru.in/service-tax/extended-limitation-service-tax-demand-unjust-proof-fraud-evasion.html Clipped from: https://taxguru.in/service-tax/extended-limitation-service-tax-demand-unjust-proof-fraud-evasion.html Thakarshi J Likhiya Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) Introduction: In a noteworthy ruling, the Customs, Excise and Service Tax
👍👍👍👍👍Sunrise on MSME – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/sunrise-on-msme/article67020042.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sunrise-on-msme/article67020042.ece Cautiously optimistic industry expects policy tweaks On the occasion of MSME day worldwide on June 27, there has been some discussion around
👍👍👍👍👍In a first: Mahindra & Mahindra receives PLI eligibility certificate
https://www.business-standard.com/companies/news/m-m-becomes-the-first-firm-to-get-an-eligibility-certificate-under-auto-pli-123062800582_1.html Clipped from: https://www.business-standard.com/companies/news/m-m-becomes-the-first-firm-to-get-an-eligibility-certificate-under-auto-pli-123062800582_1.html Tata Motors files application for flagship Tiago EV Listen to This Article The Mumbai-headquartered Mahindra & Mahindra (M&M) becomes first firm to
👍👍👍👍👍RBI’s liquidity management dilemma – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/rbis-liquidity-management-dilemma/article67020639.ece Clipped from: https://www.thehindubusinessline.com/opinion/rbis-liquidity-management-dilemma/article67020639.ece Improving the monetary-fiscal interface requires monitoring the liquidity position by the RBI and financing pattern of the fiscal deficit by government The
👍👍👍👍👍CESTAT Quashes Order as SCN Deemed Time-Barred, Issued Beyond Period of Limitation
Clipped from: https://www.taxscan.in/cestat-quashes-order-as-scn-deemed-time-barred-issued-beyond-period-of-limitation/292526/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CESTAT%20Quashes%20Order%20as%20SCN%20Deemed%20Time-Barred,%20Issued%20Beyond%20Period%20of%20Limitation Top Stories The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has quashed an order related to a service tax appeal on the grounds that
👍👍👍👍👍Section 107 of CGST Act impliedly excluded application of Limitation Act
https://taxguru.in/goods-and-service-tax/section-107-cgst-act-impliedly-excluded-application-limitation-act.html Clipped from: https://taxguru.in/goods-and-service-tax/section-107-cgst-act-impliedly-excluded-application-limitation-act.html Penuel Nexus Pvt Ltd Vs Additional Commissioner Headquarters (Appeals) (Kerala High Court) Kerala High Court held that provisions of section 107 of
