Clipped from: https://taxguru.in/corporate-law/revocation-rera-registration-section-7.html Revocation of RERA registration – Real Estate (Regulation and Development) Act, 2016 – Section 7 RERA Real Estate (Regulation and Development) Act, 2016,
GST Authorities attach Bank Account without Issuing Notice: Orissa HC directs to file appeal before Appropriate Authority u/s 107 of Orissa GST Act
Clipped from: https://www.taxscan.in/gst-authorities-attach-bank-account-without-issuing-notice-orissa-hc-directs-to-file-appeal-before-appropriate-authority-u-s-107-of-orissa-gst-act/275476/ While entertaining the writ petition, a Division Bench of Justice Dr. B. Sarangi and Justice M.S. Raman of Orissa High Court directed the
Non-issue of Notice of Proceeding to Kirloskar Oil Engines: Bombay HC quashes Order by Maharashtra Sales Tax Tribunal
Read More: https://www.taxscan.in/non-issue-of-notice-of-proceeding-to-kirloskar-oil-engines-bombay-hc-quashes-order-by-maharashtra-sales-tax-tribunal/275377/ Clipped from: https://www.taxscan.in/non-issue-of-notice-of-proceeding-to-kirloskar-oil-engines-bombay-hc-quashes-order-by-maharashtra-sales-tax-tribunal/275377/ The Bombay High Court quashed the order passed by the Maharashtra Sales Tax Tribunal on non-issuance of notice of proceeding to
👍👍👍👍👍Interest on deposits cannot be treated as business Income for Section 44AD
Clipped from: https://taxguru.in/income-tax/interest-deposits-treated-business-income-section-44ad.html Euro Homes Vs DCIT (ITAT Chennai) In so far as interest on deposits is concerned, the assessee has included interest received from deposits
👍👍👍👍👍Section 148 notice without Higher Authority Approval is invalid
Clipped from: https://taxguru.in/income-tax/section-148-notice-higher-authority-approval-invalid.html Smt. Rashmi Bansal Vs CIT (ITAT Delhi) In this case prior to issuance of notice under Section 148 of the Act, the Assessing
👍Co-owners showed capital gains of different amount – Section 148 notice invalid
Clipped from: https://taxguru.in/income-tax/co-owners-showed-capital-gains-different-amount-section-148-notice-invalid.html Bimlakumari Lajpatraj Hurra Vs ITO (Gujarat High court) ITAT held that When the return of income was filed and all the relevant details
👍👍👍👍👍Tax on sale of property belonging to father is not leviable on son
Clipped from: https://taxguru.in/income-tax/tax-sale-property-belonging-father-leviable-son.html Gurbinder Singh Mahal Vs ITO (ITAT Amritsar) ITAT Amritsar held that the assessee is not liable for payment of tax related to sale
👍👍👍👍👍Gift of Immovable Property to Sister Not Taxable: ITAT
Clipped from: https://www.taxscan.in/gift-of-immovable-property-to-sister-not-taxable-itat/274028/ The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that a gift of immovable property to sister is neither taxable as capital gain or
👍👍👍👍👍👍👍New GST Rule in effect from May 1st 2023 for Businesses with 100 Crore and above Turnover
Clipped from: https://www.taxscan.in/new-gst-rule-in-effect-from-may-1st-2023-for-businesses-with-100-crore-and-above-turnover/273921/ The Government of India has introduced a new rule for businesses with turnover above 100 crores from May 1st 2023. The Goods and Services
👍👍👍👍👍CESTAT sets aside Revenue’s Demand for Extended Period in Absence of Malafide Act for Service Tax Evasion
Read More: https://www.taxscan.in/cestat-sets-aside-revenues-demand-for-extended-period-in-absence-of-malafide-act-for-service-tax-evasion/273686/ lipped from: https://www.taxscan.in/cestat-sets-aside-revenues-demand-for-extended-period-in-absence-of-malafide-act-for-service-tax-evasion/273686/ The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), sets aside the Revenue’s Demand for Extended Period in the absence of
Income offered towards Excess Stock not Unexplained Investment u/s 69B, No Income Tax levy u/s 115BBE : ITAT
Clipped from: https://www.taxscan.in/income-offered-towards-excess-stock-not-unexplained-investment-u-s-69b-no-income-tax-levy-u-s-115bbe-itat/273896/ By Aparna. M – On May 2, 2023 7:30 am – 3 mins read The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income offered towards excess
👍👍👍👍👍Brought forward unabsorbed depreciation can be set-off against income from other sources allowed
Clipped from: https://taxguru.in/income-tax/claim-set-brought-forward-unabsorbed-depreciation-earlier-years-income-sources-allowed.html Petrofils Cooperative Ltd Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that the assessee is entitled to claim of unabsorbed brought-forward depreciation to be
Service Tax Liability of Sub-Contractor not cease on tax payment by main contractor
Clipped from: https://taxguru.in/service-tax/service-tax-liability-sub-contractor-not-cease-tax-payment-main-contractor.html Molax Powder Coating Vs Commissioner of Central Excise and Service Tax (CESTAT Chennai) Service Tax liability of sub-contractor not cease, even when main
👍👍👍👍👍Companies Act Section 140(5) not become nugatory on auditor resignation: SC
Clipped from: https://taxguru.in/company-law/companies-act-section-1405-nugatory-auditor-resignation-sc.html Union of India and Another Vs Deloitte Haskins and Sells LLP & Anr (Supreme Court of India); Criminal Appeal No. 2305-2307 of 2022;
👍👍👍👍👍👍👍Taxation of Alternate Accommodation during Redevelopment
Clipped from: https://taxguru.in/income-tax/taxation-alternate-accommodation-redevelopment.html What is Redevelopment? Redevelopment refers to the process of reconstruction of the premises by demolition of the existing structure and construction of new
👍👍👍👍👍👍👍How to file GST return online
Clipped from: https://taxguru.in/goods-and-service-tax/file-gst-return-online.html Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced
👍👍👍👍👍👍👍Any person registered or desirous of obtaining GST registration can seek Advance Ruling
Clipped from: https://taxguru.in/goods-and-service-tax/person-registered-desirous-obtaining-gst-registration-advance-ruling.html Anmol Industries Limited Vs West Bengal Authority for Advance Ruling (Calcutta High Court) Under the provisions of the Central Goods and Services Tax
Ignoring debit side entries, entire amount of credit entries cannot be added to taxable income
Clipped from: https://taxguru.in/income-tax/ignoring-debit-side-entries-entire-amount-credit-entries-added-taxable-income.html Ajay Kumar Aggarwal Vs ACIT (ITAT Delhi) On careful consideration of rival submission first of all we note that the Assessing Officer is
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