January 2, 2023

Day: January 2, 2023

Disallowance u/s 40A(3) for cash payments out of Business expediency deleted by ITAT

administrator January 2, 2023 Income Tax, ITAT

Disallowance u/s 40A(3) for Cash Payments out of Business expediency deleted by ITAT following Supreme Court judgment ABCAUS Case Law CitationABCAUS 3629 (2023) (01) Important Case Laws relied upon:Attar Singh Gurumukh Singh vs. ITO Ludhiana 1991 AIR 2109 (SC) In the instant case, the assessee had challenged the …

Applicability of Section 269ST to Co-operative Societies – CBDT Clarification

administrator January 2, 2023 Income Tax

CBDT clarifies applicability of Section 269ST in respect of dealership/distributorship contract in case of Co-operative Societies Circular No. 25/2022 F. No. 225/129/2022/ITA-II Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ••••• New Delhi, Dated 30th December, 2022 Subject: Clarification for …