Day: August 1, 2023
Addition for cash payments made to builder for purchase of residential house – ITAT deletes addition for want of any clinching evidence ABCAUS Case Law Citation:ABCAUS 3787 (2023) (08) ITAT Important Case Laws relied upon:Dinesh Kumar Goyal vs. UOI & Others 453 ITR 535Laxmi Narain Agency vs. Income …
Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on 11th July, 2023 CBIC has issued Circular clarifying the GST rates and classification of certain goods based on the recommendations of the GST Council 50th …
GST Clarification – RCM on services supplied by director of a company in his personal capacity, supply of food or beverages in cinema hall CBIC has issued circular clarifying charge of GST on RCM basis on services supplied by director of a company in his personal capacity …
Only five days time allowed to reply questionnaire was not sufficient opportunity. ITAT deletes penalty u/s 272A(1)(d) of the Income Tax Act, 1961 ABCAUS Case Law Citation:ABCAUS 3786 (2023) (08) ITAT In the instant case, the assessee had challenged the order passed by the Commissioner of Income Tax …
CBIC issues GST notifications as per GST Council Recommendations 1. Exemption from filing Annual return for financial year 2022-23. 2. “Account Aggregator” notified as systems with which information may be shared by the common portal based on consent under Section 158A 3. Exemption from registration to persons making …
