Clipped from: https://economictimes.indiatimes.com/wealth/save/sbi-locker-claim-settlement-how-settlement-will-work-after-death-of-locker-hirer/articleshow/90934211.cms Synopsis When opening a locker at the State Bank of India (SBI) or any other bank, customers must ensure that they register for
Category: Legal
*senior citizen act: What are the rights of senior citizens to safeguard their property, other assets? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/what-are-the-rights-of-senior-citizens-to-safeguard-their-property-other-assets/articleshow/90875998.cms SynopsisParents often concede and transfer ownership of the property to their children to avoid inheritance disputes. However, once parents become dependent on their
*GST on Lease/ Rent Payments: PIL in Supreme Court challenging Constitutional Validity–TAXSCAN
Clipped from: https://www.taxscan.in/gst-on-lease-rent-payments-pil-in-supreme-court-challenging-constitutional-validity/168916/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20on%20Leas Top Stories By Rasheela Basheer – On April 18, 2022 2:34 pm A plea has been filed before the Supreme Court challenging constitutional validity of levy
*Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/ Clipped from: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Gain%20exemption Top Stories By Rasheela Basheer – On April 18, 2022 11:40 am The Bangalore bench of the ITAT has held that the date of
*No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/no-penalty-on-receiving-cash-loan-from-family-members-to-meet-business-exigency-itat/168825/ Top Stories By Rasheela Basheer – On April 18, 2022 10:08 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D
*Income Tax Dept issues Guidance on updating UDIN for Audit Reports submitted by CA Users-TAXSCAN
lipped from: https://www.taxscan.in/income-tax-dept-issues-guidance-on-updating-udin-for-audit-reports-submitted-by-ca-users/167913/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=DIN%20for%20Audit%20Reports%20submitted%20by%20CA%20Users The income tax department has issued guidance on updating UDIN for Audit Reports submitted by CA users which have to read in conjunction
*Non-Mentioning of Full Address of Buyer on Invoice: Madras HC orders to release Goods and Vehicles on Payment of 25% of Penalty Imposed [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/non-mentioning-of-full-address-of-buyer-on-invoice-madras-hc-orders-to-release-goods-and-vehicles-on-payment-of-25-of-penalty-imposed/168134/ Clipped from: https://www.taxscan.in/non-mentioning-of-full-address-of-buyer-on-invoice-madras-hc-orders-to-release-goods-and-vehicles-on-payment-of-25-of-penalty-imposed/168134/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Madras%20HC Top Stories By Rasheela Basheer – On April 13, 2022 11:42 am The Madras High Court while ordering to release the goods and vehicles
*Re-Assessment at the behest of Audit Party is Invalid: Bombay High Court-TAXSCAN
Clipped from: https://www.taxscan.in/re-assessment-at-the-behest-of-audit-party-is-invalid-bombay-hc/168034/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment Top Stories By Rasheela Basheer – On April 12, 2022 10:08 pm A division bench of the Bombay High Court has held that the re-assessment under
*Post facto Amendment of GST Registration: Madras High Court quashes Penalty under GST as there was no Tax Evasion-TAXSCAN
lipped from: https://www.taxscan.in/post-facto-amendment-of-gst-registration-madras-high-court-quashes-penalty-under-gst-as-there-was-no-tax-evasion/168231/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Registration Top Stories By Yogitha S. Yogesh – On April 13, 2022 4:01 pm The Madras High Court (Madurai Bench) considering the writ petition quashed the penalty
*Voluntarily Acceptance and Willingness to Pay the Duty at the Enhanced rate Exempt from Liability of Confiscation and Redemption Fine: CESTAT [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/voluntarily-acceptance-and-willingness-to-pay-the-duty-at-the-enhanced-rate-exempt-from-liability-of-confiscation-and-redemption-fine-cestat/168183/ Clipped from: https://www.taxscan.in/voluntarily-acceptance-and-willingness-to-pay-the-duty-at-the-enhanced-rate-exempt-from-liability-of-confiscation-and-redemption-fine-cestat/168183/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Voluntarily%20Acceptance Top Stories By Jwala K.P – On April 13, 2022 4:39 pm The Mumbai bench of Customs, Excise & Service Tax Appellate Tribunal has
*Provisional Attachment shall not Hamper Regular Business: Gujarat High Court-TAXSCAN
Clipped from: https://www.taxscan.in/provisional-attachment-shall-not-hamper-regular-business-gujarat-hc/168336/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Provisional%20Attachment Top Stories By Rasheela Basheer – On April 14, 2022 11:04 am A division bench of the Gujarat High Court has held that the provisional attachment
*Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/ https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/ Clipped from: https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Repeal Top Stories By Rasheela Basheer – On April 14, 2022 8:07 pm The Supreme Court, in view of repeal of section 144B(9) of
*ACIT cannot Sanction Re-assessment Notice After Expiry Of 4 Years: Bombay HC-TAXSCAN
Clipped from: https://www.taxscan.in/acit-cannot-sanction-re-assessment-notice-after-expiry-of-4-years-bombay-hc/168573/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20Notice Top Stories By Taxscan Team – On April 15, 2022 8:47 pm The Bombay High Court has held that the Additional Commissioner of Income Tax cannot
*The Term ‘Sufficient Cause’ shall Interpret Liberally: ITAT-taxscan
Clipped from: https://www.taxscan.in/the-term-sufficient-cause-shall-interpret-liberally-itat/168811/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT Top Stories By Rasheela Basheer – On April 18, 2022 6:57 am The Bangalore bench of the ITAT, in a significant ruling favoring the assessee, has held
*Delay in Processing Income Tax Refund: Bombay HC slams Income Tax Dept for causing Unnecessary Hardships to Taxpayers-TAXSCAN
Clipped from: https://www.taxscan.in/delay-in-processing-income-tax-refund-bombay-hc-slams-income-tax-dept-for-causing-unnecessary-hardships-to-taxpayers/166630/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Refund Top Stories By Taxscan Team – On April 6, 2022 1:34 pm The Bombay High Court has recently criticized the income tax department and the Central Board
*Provisions of Sec 44AD not applicable to Commission Agents: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/provisions-of-sec-44ad-not-applicable-to-commission-agents-itat/168758/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Section%2044 Top Stories By Rasheela Basheer – On April 17, 2022 6:25 am The ITAT, Chennai bench has held that the provisions of Section 44AD of the
*‘Framing of Reassessment u/s 147 of Income Tax Act against Non-Existing Entity is void ab-initio’: ITAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/framing-of-reassessment-u-s-147-of-income-tax-act-against-non-existing-entity-is-void-ab-initio-itat/168698/ Clipped from: https://www.taxscan.in/framing-of-reassessment-u-s-147-of-income-tax-act-against-non-existing-entity-is-void-ab-initio-itat/168698/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reassessment Top Stories By Taxscan Team – On April 17, 2022 9:45 am The Delhi bench of the Income Tax Appellate Tribunal (ITAT), has held
ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act–TAXSCAN
lipped from: https://www.taxscan.in/itat-condones-delay-of-4-years-in-filing-rectification-application-u-s-154-of-income-tax-act/168733/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=condones%20Delay%20of%204%20Years Top Stories By Taxscan Team – On April 17, 2022 7:11 am The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a
*Mere Mistake in filing of Income Tax Return would not result in Enhancement of Income: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/mere-mistake-in-filing-of-income-tax-return-would-not-result-in-enhancement-of-income-itat/168830/ Top Stories By Rasheela Basheer – On April 17, 2022 9:16 pm The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a mere mistake
*6 situations in which you and your children lose legal right to inherit a property – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/6-situations-in-which-you-and-your-children-lose-legal-right-to-inherit-a-property/articleshow/90656781.cms SynopsisAs per the Hindu Succession Act, if a Hindu Male dies intestate (i.e. without having a will), then class-I legal heirs will have
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