Clipped from: https://www.taxscan.in/interest-paid-on-delayed-tds-payment-is-allowable-as-deduction-itat/209546/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Interest%20Paid By Yogitha S. Yogesh – On October 4, 2022 12:38 pm The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) held that the interest paid on delayed
Category: Legal
Right to get Adequate Time to Reply to Show Cause Notice allowed u/s 148A(b): Delhi HC
Clipped from: https://www.taxscan.in/right-to-get-adequate-time-to-reply-to-show-cause-notice-allowed-u-s-148ab-delhi-hc/210335/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=SCN By Taxscan Team – On October 7, 2022 9:00 am A division bench of the Delhi High Court has held that the assessee has the right
Information regarding GST Invoices of Third Parties cannot be Disclosed under RTI: CIC
Clipped from: https://www.taxscan.in/information-regarding-gst-invoices-of-third-parties-cannot-be-disclosed-under-rti-cic/210355/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=RTI By Rasheela Basheer – On October 7, 2022 6:30 am The Central Information Commission (CIC) has held that the information regarding the GST invoics belongs to
Reopening notice can be issued under section 147 in relation to search and seizure.
Clipped from: https://www.taxscan.in/reopening-notice-can-be-issued-u-s-147-in-relation-to-search-and-seizure-itat/210168/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-opening%20Notice By Gayathri C.H – On October 7, 2022 10:44 am The Income Tax Appellate Tribunal “A” Bench, Mumbai, has while deciding upon two cross appeals filed by the assessee
Tenant vacates flat without paying rent. Can landlord find his present address through RTI? CIC decides | The Financial Express
Clipped from: https://www.financialexpress.com/money/tenant-vacates-flat-without-paying-rent-can-landlord-find-his-present-address-through-rti-cic-decides/2701856/ Can a landlord track the current address of a tenant, who vacated the flat without paying rent, through RTI? Check CIC order CIC
Assets seized or detained? Know the remedies available under Sections 129 and 130 of the CGST Act | The Financial Express
Clipped from: https://www.financialexpress.com/money/e-way-bill-sections-129-130-of-cgst-act-remedies-for-assessees-explained/2701396/ Remedies available to the asset owner (assessee) under Section 129 and Section 130 of CSGT Act 2017 (E-Way Bill) explained Check remedies available
Motive a key determinant | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/motive-a-key-determinant/2701319/ The SC is right, mere possession of unpublished, price-sensitive information does not suffice By Sandeep Parekh The Supreme Court (SC) in its recent
Cyber security threats on rise in small businesses due to lack of resources | The Financial Express
lipped from: https://www.financialexpress.com/industry/cyber-security-threats-on-rise-in-small-businesses-due-to-lack-of-resources/2701457/ According to research by cyber security firm Trellix, Indian SMBs faced an average of 37 cyber security incidents per day, amounting to a
Revised Income Tax Return filed not amount to Non-Filing of Return, Deny of Lower Tax Rate u/s 115BAA is not valid: ITAT
Clipped from: https://www.taxscan.in/revised-income-tax-return-filed-not-amount-to-non-filing-of-return-deny-of-lower-tax-rate-u-s-115baa-is-not-valid-itat/207861/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revised%20Income%20Tax%20Return By Yogitha S. Yogesh – On September 28, 2022 10:52 am The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revised return filed not amounts
Late Filing of Appeal on Advice from Consultant: ITAT refuses to Condone Delay of 807 days
Clipped from: https://www.taxscan.in/late-filing-of-appeal-on-advice-from-consultant-itat-refuses-to-condone-delay-of-807-days/209000/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Late%20Filing By Kalyani B Nair – On October 1, 2022 12:52 pm The Income Tax Appellate Tribunal (ITAT), Pune Bench refused to condone the delay of 807 days as there was
Manual Filing of Appeal due to Lack of Awareness regarding E-Filing procedures: ITAT restores matter to CIT for fresh adjudication
Clipped from: https://www.taxscan.in/manual-filing-of-appeal-due-to-lack-of-awareness-regarding-e-filing-procedures-itat-restores-matter-to-cit-for-fresh-adjudication/209065/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Manual%20Filing By Kalyani B Nair – On October 1, 2022 1:15 pm In an assessee friendly judgment, the Income Tax Appellate Tribunal (ITAT), Mumbai bench restored the matter to the file
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT
Clipped from: https://www.taxscan.in/capital-gain-exemption-u-s-54f-allowable-if-property-in-question-found-to-be-commercial-nature-itat/208878/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Gain%20Exemption By Gayathri C.H – On October 1, 2022 2:19 pm The Income Tax Appellate Tribunal ‘B’ Bench, Chennai, has while allowing an appeal filed by the Revenue, held that
Issuance of Notice u/s 148 to Unrelated Email Address is not Proper Service of Notice: Delhi HC
Clipped from: https://www.taxscan.in/issuance-of-notice-u-s-148-to-unrelated-email-address-is-not-proper-service-of-notice-delhi-hc/208372/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Issuance%20of%20Notice%20u/s By Manu Sharma A.S – On September 29, 2022 6:15 pm A Division Bench of the Delhi High Court has held that, a notice issued under Section
https://www.taxscan.in/no-gst-on-renting-of-residential-building-by-proprietor-of-a-registered-proprietorship-firm-delhi-hc/208420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20GST%20on%20Renting
Clipped from: https://www.taxscan.in/no-gst-on-renting-of-residential-building-by-proprietor-of-a-registered-proprietorship-firm-delhi-hc/208420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20GST%20on%20Renting By Rasheela Basheer – On September 30, 2022 10:22 am A division bench of the Delhi High Court has held that GST is not leviable on
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revised return filed not amounts to the non-filing of the return and deny of a lower tax rate under section 115BAA of the Income Tax Act,1961 is not valid-TAXSCAN
Clipped from: https://www.taxscan.in/revised-income-tax-return-filed-not-amount-to-non-filing-of-return-deny-of-lower-tax-rate-u-s-115baa-is-not-valid-itat/207861/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revised%20Income%20Tax%20Return By Yogitha S. Yogesh – On September 28, 2022 10:52 am The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revised return filed not amounts
In Cases of Divergent Views, The One Which is More Beneficial to the Assessee to be Adopted: ITAT
Clipped from: https://www.taxscan.in/in-cases-of-divergent-views-the-one-which-is-more-beneficial-to-the-assessee-to-be-adopted-itat/207597/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=In%20Cases%20of%20Divergent By Gayathri C.H – On September 27, 2022 4:41 pm The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has recently in an appeal filed before it, held
Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC
Clipped from: https://www.taxscan.in/income-tax-return-filed-prior-to-death-of-assesse-shall-be-the-basis-of-computing-loss-of-future-income-of-assesse-for-mact-claim-gujarat-hc/205363/ By Gayathri C.H – On September 19, 2022 9:56 am The High Court of Gujarat has, in a recent appeal filed before it by the parents
No Tax Liability on Compensation received towards Interest cost, Insurance cost, cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT
Clipped from: https://www.taxscan.in/no-tax-liability-on-compensation-received-towards-interest-cost-insurance-cost-cost-of-modification-and-validation-of-the-assets-warranty-restating-etc-itat/194439/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Tax%20Liability%20on By Taxscan Team – On September 23, 2022 1:58 pm The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost,
No Cognitive Evidence which proves change in Stock Valuation method: ITAT upholds Order of CIT(A)
Clipped from: https://www.taxscan.in/no-cognitive-evidence-which-proves-change-in-stock-valuation-method-itat-upholds-order-of-cita/206834/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Cognitive%20Evidence By Taxscan Team – On September 23, 2022 6:54 pm The Income Tax Appellate Tribunal (ITAT) Chennai Bench has upheld the order of CIT(A) which deletes
Completion of Assessment in Hand of Company enough to prove Expense incurred for Business, Section 2(22)(e) can’t be invoked: ITAT
Clipped from: https://www.taxscan.in/completion-of-assessment-in-hand-of-company-enough-to-prove-expense-incurred-for-business-section-222e-cant-be-invoked-itat/207098/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Completion%20of%20Assessment By Rasheela Basheer – On September 25, 2022 7:10 pm The Chennai Bench Income Tax Appellate Tribunal (ITAT) held that completion of assessment in the hand
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