Day: August 6, 2024
Reopening on incorrect reasons recorded that assessee not filed return of income quashed by ITAT In a recent judgment, ITAT Guwahati has quashed the reopening done on the factually incorrect reasons recorded by the AO that assessee had not filed return of income. ABCAUS Case Law Citation:4195 (2024) …
Power of striking off name of defunct LLP to be exercised by Centre for Processing Accelerated Corporate Exit (CPACE). The Limited Liability Partnership (Amendment) Rules, 2024 Ministry Of Corporate Affairs NOTIFICATION New Delhi, the 5th August, 2024 G.S.R. 475(E).—In exercise of the powers conferred by sub-sections (1) and …
All Penalty proceedings / adjudication under Companies Act to be in electronic mode only. MCA notifies the Companies (Adjudication of Penalties) Rules, 2014 Ministry of Corporate Affairs NOTIFICATION New Delhi, the 5th August, 2024 G.S.R. 476(E).—In exercise of the powers conferred by section 454 read with section 469 …
Legal representatives can not be proceeded without following provisions u/s 148A(b) – High Court In a recent judgment, the Hon’ble High Court of Rajasthan has held that proceedings under the liability created against legal representatives of deceased assessee can be initiated but only after compliance of mandatory provisions …
Submission of form 10CCB is directory in nature and not mandatory – ITAT In a recent judgment, the ITAT Amritsar has held that submission of form 10CCB is directory in nature and not mandatory and it is sufficient compliance if the said report is filed with the AO, …
CBDT has given relief from high TDS/TCS rates u/s 206AA / 206CC in case of death of deductee/collectee before linkage of PAN and Aadhaar. Non-applicability of higher rate of TDS/TCS as per provisions of section 206AA / 206CC of the Income-tax Act, 1961, in the event of death …
