Clipped from: https://www.taxscan.in/ao-failed-to-produce-evidence-for-cash-sales-itat-deletes-addition/259777/ By Fathima Karama A.M – On March 9, 2023 1:15 pm – 2 mins read The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has deleted the addition as
Monthly Rent paid by Company cannot be Allowed as Expenditure as Flat was Never Used for Business Purpose: ITAT
Clipped from: https://www.taxscan.in/monthly-rent-paid-by-company-cannot-be-allowed-as-expenditure-as-flat-was-never-used-for-business-purpose-itat/260088/ By Fathima Karama A.M – On March 9, 2023 12:45 pm – 2 mins read The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the monthly
👍Maharashtra Amnesty Scheme, 2023 for Goods and Services Tax Department
Clipped from: https://taxguru.in/goods-and-service-tax/maharashtra-amnesty-scheme-2023-goods-services-tax-department.html HIGHLIGHTS OF THE MAHARASHTRA STATE BUDGET SPEECHDATED 9TH MARCH, 2023BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE)SHRI DEVENDRA FADNAVIS PART-II (A) Amnesty Scheme, 2023 for Goods
👍ITC not eligible even if preceding seller not discharged its GST liability
Clipped from: https://taxguru.in/goods-and-service-tax/itc-eligible-preceding-seller-discharged-gst-liability.html In re Vimal Alloys Pvt. Ltd. (GST AAR Punjab) Question 1. Whether the purchaser is entitled to claim Input Tax Credit on the purchases
👍Advisory on Mandatory reporting of 6 digit HSN codes
Clipped from: https://taxguru.in/goods-and-service-tax/advisory-mandatory-reporting-6-digit-hsn-codes.html Mandatory reporting of 6 digit HSN codes as per Notification No. 78/2020 – Central Tax dated 15/10/2020 Attention Taxpayers As per the Notification No.
👍👍👍Assessment orders passed without affording opportunity of hearing to assessee is violative of principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/assessment-orders-passed-affording-opportunity-hearing-assessee-violative-principles-natural-justice.html Hon’ble Madras High Court in M/s. Novateur Electrical & Digital Systems Pvt. Ltd v. the Assistant Commissioner (ST) and Ors. has quashed the assessment orders
👍Quote worth sharing –Taxguru 11.3.23
A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.” – Russell B. Long Read more at:
👍Bank Run: SVB stock price falls over 40% in pre-market after tanking 60% on Thursday | The Financial Express
Clipped from: https://www.financialexpress.com/investing-abroad/featured-stories/bank-run-svb-stock-price-falls-over-40-in-pre-market-after-tanking-60-on-thursday/3004993/ SVB could be one of the first casualties of the US Fed’s unprecedented rate hikes. SVB announced the sale of billion of dollars
👍Incentives for promoting MF investment must be reimagined – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/incentives-for-promoting-mf-investment-must-be-reimagined/article66600368.ece With instances of AMCs and their intermediaries indulging in sharp practices to claim B-30 incentives surfacing, SEBI is right in suspending this giveaway
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