Month: July 2023
Before notice to director for recovery u/s 179, Revenue must establish recovery cannot be made from Private Company – SC dismisses SLP ABCAUS Case Law Citation:ABCAUS 3785 (2023) (07) SC Important Case Laws relied upon:Vanraj V. Shah vrs. Dy. Commissioner of Income Tax and anotherUnion of India Vrs. …
Benefit of cash deposit up to 2.50 lacs for demonetisation period not available separately for household earnings of non taxpayer wife ABCAUS Case Law Citation:ABCAUS 3784 (2023) (07) ITAT In the instant case, the appeal was preferred by the assessee against the order passed by the passed by …
SOP for making application for recomputation u/s 155(19) of total income of a co-operative society engaged in the business of manufacture of sugar F. No. 370133 /8/2023-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) (TPL Division) Circular No. 14 of 2023 …
ESIC invites applications from CA firms for appointment of concurrent auditors of ESIC Investments The Employees’ State Insurance Corporation has issued RFP for appointment of chartered accountants firm for concurrent audit of ESIC Investments Request for Proposal (RFP)forAppointment as External Concurrent Auditor (ECA)For the audit of Employees’ State …
Star Series Banknotes are legal – Reserve Bank of India clarifies on Star Series Banknotes Recently, in social media, a post went viral claiming that if there is a star in the middle of the numbers of the Bank note then it is a fake note. As per …
ITAT gives telescoping benefit of business income declared when the assessee was only an entry operator and addition was made for commission income In a recent judgment , the Income Tax Appellate Tribunal has directed AO to give benefit of telescoping for the business income declared when the …
GST Notifications to implement decisions of 50th GST Council. 10/2023-Central Tax (Rate) 26-Jul-2023 Seeks to amend No. 26/2018- Central Tax (Rate) to implement the decisions of 50th GST Council. Download >> 09/2023-Central Tax (Rate) 26-Jul-2023 Seeks to amend No. 01/2017- Central Tax (Rate) to implement the decisions of …
Condonation of delay for ITRs claiming deduction u/s 80P from AY 2018-19 to AY 2022-23 Circular No. 13/2023 F. No.173/21/2023-ITA-IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi the 26th July, 2023 Sub:- Condonation of delay under clause (b) of sub-section (2) of section …
ITAT remands appeal dismissed by CIT(A) for mentioning wrong section in Form No. 35 and grounds of appeal and form 35 not matching to each other ABCAUS Case Law Citation:ABCAUS 3782 (2023) (07) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) …
GST e-Invoice Exemption Declaration functionality is now available on e-Invoice portal GSTN Advisory: e-Invoice Exemption Declaration Functionality Now Available GSTN has made available e-Invoice Exemption Declaration functionality on the e-Invoice portal. This functionality is specifically designed for taxpayers who are by default enabled for e-invoicing but are exempted …
