https://taxguru.in/income-tax/reassessment-order-quashed-mandatory-requirement-notice-u-s-143-2-complied.html Anand Sawroop Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that reassessment order under section 147 of the Income Tax Act cannot be passed without
Category: Seven Star
👌👌👌👌👌👌👌Calcutta HC Stays Section 148 Notice in Anup Kumar Case
https://taxguru.in/income-tax/calcutta-hc-stays-section-148-notice-anup-kumar-case.html Anup Kumar Agarwal Vs Union of India & Ors. (Calcutta High Court) In the case of Anup Kumar Agarwal Vs. Union of India & Ors., the
👌👌👌👌👌👌👌Rajasthan HC Quashes Reassessment Order in Search Case
https://taxguru.in/income-tax/rajasthan-hc-quashes-reassessment-order-in-search-case.html Clipped from: https://taxguru.in/income-tax/rajasthan-hc-quashes-reassessment-order-in-search-case.html Shiv Vegpro Private Limited Vs Deputy / Assistant Commissioner Of Income Tax (Rajasthan High Court) In the case of Shiv Vegpro Private Limited
👌👌👌👌👌👌👌Lifting of Bank Account Attachment under GST: SC Ruling Explained
Clipped from: https://taxguru.in/goods-and-service-tax/lifting-bank-account-attachmentsc-gst-ruling-explained.html RHC Global Exports Private Limited & Ors. Vs Union of India & Ors. (Supreme Court of India) In the case of Rhc Global Exports
👌👌👌👌👌👌👌Reassessment quashed as reasons supplied to assessee & to higher forum were not same
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-reasons-assessee-higher-forum-exact.html Nvidia Graphics Pvt. Ltd. Vs ACIT (ITAT Bangalore) ITAT Bangalore held that when the reasons supplied to the assessee and the reasons supplied
👌👌👌👌👌👌👌Are Your Advance Tax Payments on Course? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/are-your-advance-tax-payments-on-course/article68926896.ece With the December 15 deadline fast approaching, a lowdown on advance tax quarterly payments December 15, the deadline for payment of the next
👌👌👌👌👌👌👌No Section 54 Exemption for Plywood Structures: Delhi HC
https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Clipped from: https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Sandeep Hooda Vs PCIT (Delhi High Court) Delhi High Court held that putting together a structure of plywood sheets cannot be construed
👌👌👌👌👌👌👌Retrospective Amendment to ITC Eligibility: Insertion of Sections 16(5) & 16(6) of CGST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/retrospective-amendment-itc-eligibility-insertion-section-16-5-16-6-cgst-act-2017.html Ganapathi Pandi Industries Vs Assistant Commissioner (State Tax) (FAC) (Madras High Court) Retrospective Amendment to ITC eligibility – Insertion of Section 16(5) &
👌👌👌👌👌👌👌PAN 2.0: Upgraded e-PAN will be issued to you free of cost on your email id; check more details – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/pan-20-upgraded-e-pan-will-be-issued-to-you-free-of-cost-on-your-email-id-check-more-details-455257-2024-11-27 PAN 2.0 is an e-governance project designed to modernise the taxpayer registration process through technology. Under the PAN 2.0 Project, the updated card
👌👌👌👌👌👌👌Reassessment notice u/s. 148 being barred by limitation is liable to be quashed: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/reassessment-notice-u-s-148-barred-limitation-liable-quashed-itat-mumbai.html ITO Vs Pushpak Realities Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that reassessment notice issued under section 148 of the Income Tax Act
👌👌👌👌👌👌👌GST Amnesty for ITC, Interest and Penalty Waivers
Clipped from: https://taxguru.in/goods-and-service-tax/gst-amnesty-itc-interest-penalty-waivers.html GST Amnesty Provision for Waiver of Interest, Penalty, and Regularization of ITC claimed in non-compliance of Section 16(4) of the CGST Act, 2017
👌👌👌👌👌👌👌Time of Supply Under GST: A Critical Analysis
Clipped from: https://taxguru.in/goods-and-service-tax/time-supply-gst-critical-analysis.html The Goods and Services Tax (GST) in India has a key part called “Time of Supply”. It helps figure out when businesses owe
👌👌👌👌👌👌👌ITAT Remands to CIT(A) for Assessee to Justify Rs. 51.20 Lacs Credit
lipped from: https://www.taxscan.in/itat-remands-case-to-cita-for-reassessment-allowing-assessee-another-opportunity-to-substantiate-rs-51-20-lacs-cash-credit/456231/ ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order] The ITAT’s decision
👌👌👌👌👌👌👌Reassessment notice under section 148 served after date of limitation is bad-in-law: ITAT Kolkata
Clipped from: https://taxguru.in/income-tax/reassessment-notice-section-148-served-date-limitation-bad-in-law-itat-kolkata.html Pradip Chandra Roy Vs ITO (ITAT Kolkata) ITAT Kolkata held that reassessment order quashed since notice issued under section 148 of the Income
👌👌👌👌👌👌👌Immovable Property Sold at less than Stamp Duty Value – Tax Impact on Seller
Clipped from: https://taxguru.in/income-tax/immovable-property-sold-stamp-duty-tax-impact-seller.html Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value When any person sells
👌👌👌👌👌👌👌Long-Term Capital Gains on Sale of Immovable Property in India
https://taxguru.in/income-tax/long-term-capital-gains-sale-immovable-property-india.html As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head ‘Income from Capital Gains’.
👌👌👌👌👌👌👌Budget 2024: I-T dept clarifies acquisition cost of real estate bought before 2001 for LTCG calculations – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/budget-2024-i-t-dept-clarifies-acquisition-cost-of-real-estate-bought-before-2001-for-ltcg-calculations-439025-2024-07-27 The Union government has reduced LTCG tax on real estate to 12.5 percent, from 20 percent previously in the Union Budget 2024-25. However,
आवश्यक 👌👌👌👌👌👌👌FMV, circle rates and capital gains: A guide for property sellers | Mint
Clipped from: https://www.livemint.com/money/personal-finance/fmv-circle-rates-and-capital-gains-a-guide-for-property-sellers-11725779712355.html It is advisable to obtain a valuation report from a registered valuer so that one can submit the same before the tax authorities,
👌👌👌👌👌👌👌Completion of construction not required for claiming benefit u/s. 54: ITAT Bangalore
Clipped from: https://taxguru.in/income-tax/completion-construction-required-claiming-benefit-u-s-54-itat-bangalore.html DCIT Vs Bagalur Krishnaiah Shetty Vijay Shanker (ITAT Bangalore) ITAT Bangalore held that exemption under section 54 of the Income Tax Act allowable
👌👌👌👌👌👌👌Assessment u/s. 143(3) based on material searched at third party untenable in law: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/assessment-u-s-143-3-based-material-searched-party-untenable-law-itat-delhi.html Seema Jain Vs DCIT (ITAT Delhi) ITAT Delhi held that assessment u/s. 143(3) of the Income Tax Act based on material searched at
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