Month: February 2023

Appeal Fee to be paid to ITAT on appeal against Rectification order u/s 154– Residual clause of section 253(6)(d) not applicable says ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3679 (2023) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) / NFAC …

Functionality of geocoding of Principal Place of Business Address in GST Portal made available in Two States GSTN has made available the functionality for geocoding the principal place of business address (i.e. the process of converting an address or description of a location into geographic coordinates) on the …

Cessation of Liability u/s 41 – Calcutta High Court demystifies the Income TaxLaw ABCAUS Neutral Case Law Citation:ABCAUS 3678 (2023) (02) HC Important Case Laws relied upon by parties:Commissioner of Income Tax vs. Sugauli Sugar Works Private Limited 1999) 236 ITR 519Chief Commissioner of Income Tax vs. Kesaria …

Assessing agriculture income as business income no basis for imposing penalty u/s 271A as it would not ipso facto lead to conclusion that assessee was aware of the requirement maintaining books of accounts u/s 44AA ABCAUS Neutral Case Law Citation:ABCAUS 3677 (2023) (02) ITAT In the instant case, …

Cash deposited on same day of sale deed execution has a prima facie direct nexus between source of cash deposit and sale transaction – ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3676 (2023) (02) ITAT Important Case Laws relied upon by parties:CIT Vs. Intezar AliShri Pappu Ram Saran vs. …

Launch of New GST e-Invoice Portal GSTN has launched four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. As a result, the beta launch of a new e-Invoice portal (www.einvoice.gst.gov.in), has been done where taxpayers can find comprehensive information on e-invoice compliance in a …

Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA) In compliance of Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022, an option is being provided on the portal to all the existing taxpayers providing Goods Transport Agencies  Services, …

Reassessment proceedings u/s 148A under amended provisions and impact of the Taxation and Other Laws (Relaxation And Amendment of Certain  Provisions) Act 2020 on limitation period – Allahabad High Court struck down CBDT Instruction ABCAUS Case Law Citation:ABCAUS 3675 (2023) (02) HC Important Case Laws relied upon by …

Future refunds can not be adjusted for TDS mismatch in terms of Section 205 of the Income Tax Act 1961 ABCAUS Neutral Case Law Citation:ABCAUS 3674 (2023) (02) HC In the instant case, the assessee had filed a Writ Petition before the Hon’ble High Court challenging the non payment …

Delay in filing of Tax Audit Report due to computer data crash- Penalty u/s 271B quashed ABCAUS Case Law Citation:ABCAUS 3673 (2023) (02) ITAT In the instant case, the assessee had challenged the order passed by the National Faceless Appeal Centre in confirming income tax penalty u/s 271B …