Month: April 2023
ITAT directs credit of TDS appearing in old PAN of amalgamating company to amalgamated company with another PAN ABCAUS Case Law Citation:ABCAUS 3711 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming not granting the credit of tax …
Next Examination for the Supreme Court Advocates-on-Record will be held at New Delhi on 12th, 13th, 14th and 15th June, 2023 Supreme Court has notified the next Examination for the Advocates-on-Record to be held at New Delhi on 12th, 13th, 14th and 15th June, 2023. All the advocates …
There is no absolute proposition of law that arm’s length price determined by ITAT is final and cannot be subjected to judicial scrutiny in an appeal under Section 260A of the Income Tax Act. ABCAUS Case Law Citation:ABCAUS 3710 (2023) (04) SC Important Case Laws relied upon :PCIT …
No liability for TDS when buyers deducted commission and remit only net amount – ITAT quashed disallowance u/s 40(a)(ia) ABCAUS Case Law Citation:ABCAUS 3709 (2023) (04) ITAT Important Case Laws relied upon:CIT vs. Super Religare Laboratories Ltd. 133 taxmann.com 313 (Bombay) In the instant case, the assessee had …
Application for removal/Strike off company name to be made to Registrar, Centre for Processing Accelerated Corporate Exit (C-PACE) MCA vide Notification dated 17.04.2023 has notified Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023 w.e.f. 1st May 2023. With effect from 1st May …
Extension of last date for updation of Member’s Profile with GSTIN at ICAI Self Service Portal – Till 23rd April, 2023 ICAI vide Announcement dated 1st April, 2023 provided for updation of Member’s Profile at Self Service Portal with GSTIN of CA Firm/LLP, in which such member is …
Statement recorded u/s 132(4) is not sacrosanct merely because assessee failed to demonstrate any coercion and duress – ITAT ABCAUS Case Law Citation:ABCAUS 3708 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in upholding the addition of undisclosed income …
Assessee cannot be asked to explain the bank transactions of an unrelated party – ITAT deleted addition u/s 69A ABCAUS Case Law Citation:ABCAUS 3707 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition representing alleged unexplained gold …
Determining tax liability under Section 74 of UPGST Act, following Income Tax guidelines is impermissible – Allahabad High Court ABCAUS Case Law Citation:ABCAUS 3706 (2023) (04) HC In the instant case, the Petitioner assessee had challenged the order passed by the UPGST Authorities u/s 74 of UPGST Act. …
Mere providing evidence relied upon by AO no substitute of fundamental right of opportunity for cross-examination – ITAT ABCAUS Case Law Citation:ABCAUS 3705 (2023) (04) ITAT Important Case Laws relied upon by parties:Andaman Timber Industries vs. Commissioner of Central Excise, 314 ELT 641 (SC)I.C.D.S. Ltd. vs CIT 273 …