Month: February 2023
Extension of Time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3.0 without additional fee General Circular No. 03/2023 File No. Policy-17/150/2022-CL-V-MCAGovernment of IndiaMinistry of Corporate Affairs 5th Floor, `A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi 110001 Dated: …
Deductions should not be disallowed merely for any bona fide mistake or error of the taxpayer – ITAT allows Deduction u/s 80IA ABCAUS Case Law Citation:ABCAUS 3659 (2023) (02) ITAT Important Case Laws covered:CIT vs. G. M. Knitting Industries (P) Ltd. & OthersM/s Aks Alloys (P) Ltd. 2013 …
Credit for TCS made in the hands of partner allowed to partnership firm. If ultimate conclusion on application u/s 154 can only be one particular conclusion then it can be said that the issue is debatable – ITAT ABCAUS Case Law Citation: ABCAUS 3658 (2023) (02) ITAT Important …
Centralised Processing of Equalisation Levy Statement Scheme, 2023 in respect of processing of the EqualisationLevy Statements MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 03/2023 New Delhi, the 7th February, 2023 INCOME-TAXS O.614(E).—In exercise of the powers conferred by sub-section (2) of section …
Validity of Notice u/s 148. It is not necessary that original assessment order should contain discussion to disclose satisfaction. ABCAUS Case Law Citation:ABCAUS 3657 (2023) (02) SC Important Case Laws covered:Aroni Commercials Ltd. vs. Deputy Commissioner of Income Tax 2014] 44 taxmann.com 304 (Bombay) In the instant case, …
Ex parte order remanded as notices not sent to e-mail address mentioned in Appeal Form-35 but to email linked to PAN ABCAUS Case Law CitationABCAUS 3656 (2023) (02) ITAT In the instant case, the assessee had challenged the ex parte order passed by the CIT(A) on the ground …
Refund of amount wrongly transferred to an entry provider party whose bank account was attached by Income Tax Department declined- SLP dismissed by Supreme Court ABCAUS Case Law CitationABCAUS 3655 (2023) (02) SC As alleged by the petitioner, in the course of its business it sought to invest …
Mistake by CA in Tax Audit Report if demonstrated with relevant material enough, Insistence of correction in audit report is not justified ABCAUS Case Law CitationABCAUS 3654 (2023) (02) ITAT Important Case Laws covered:Checkmate Services Pvt. Limited vs. CIT In the instant case, the appellant assessee was in …
Manner and contents of assessment order framed not determinative whether or not reopening is a case of change of opinion – Supreme Court ABCAUS Case Law CitationABCAUS 3653 (2023) (02) SC Important Case Laws covered:Commissioner of Income Tax v. Kelvinator India Limited reported in 320 ITR 561 SCCommissioner …
Frequently Asked Questions (FAQs) on Income Tax e-Verification Scheme 2021. The FAQs on the e-Verification Scheme, 2021 (hereafter ‘FAQs’) aim to provide general guidance in understanding the procedures and processes of the e-Verification Scheme, 2021 issued vide CBDT Notification no. 137/2021 dated 13.12.2021. According to …