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E-way bill expired due to vehicle break down only a technical breach and non extension of its time period cannot be ground for penalty under UPGST Act 2017 In a recent judgment, Hon’ble Allahabad High Court has held that E-way bill expired due to vehicle break down is …
No rejection of GST appeal for mere non filing of certified copy of the decision as per rule 108 of CGST Act 2017 when appeal has been filed electronically Ina recent judgment, Hon’ble Allahabad High Court has held that mere non filing of certified copy of the decision …
Comparison Chart for Bank Fixed Deposit Interest rates of Public Sector and Private Sector Banks A comparison Chart for Bank Fixed Deposit Interest rates of Public Sector and Private Sector Banks would help investors to quickly make a choice of bank for best interest rate on their Fixed …
GST Form SRM-I enabled for manufacturers of Pan Masala and Tobacco. Form GST SRM-II will also be made available on the portal shortly. CBIC had issued Notification No. 04/2024 – Central Tax dated 05-01-2024 to seek information from taxpayers dealing in the pan masala and tobacco, khaini, jarda, …
Prosecution for late deposit of TDS stayed by High Court in view of judgment of the Hon’ble Supreme Court In a recent order, the High Court of Andhra Pradesh has stayed the prosecution for late/delayed deposit of TDS in view of judgment of the Hon’ble Supreme Court ABCAUS …
Unless, discrepancy is found in physical quantities, assessee agreeing to increase stock value does not amount to undisclosed stock u/s 69B taxable u/s 115BBE In a recent judgment, ITAT Chennai has held that unless discrepancy is found in physical quantities, of stock, assessee merely agreeing to increase stock …
CIT(A) is required to communicate the notice through the email id available in Form 35 of the appeal memo as per CBDT Notification No. 139/2021 In a recent judgment, the ITAT has held that CIT(A) is required to communicate the notice through the email id available in Form …
Section 144B(6)(viii) cannot be read to mean that opportunity of personal hearing may be granted only where the assessee specifically requests for the same In a recent judgment, the Hon’ble Allahabad High Court has again reiterated that provisions of section 144B(6)(viii) cannot be read to mean that opportunity …
CBDT releases new functionality in AIS for taxpayers to display status of information confirmation process in real-time. Taxpayers can now check whether their feedback is acted upon by the Source/Reporting Entities. The Annual Information Statement (AIS) is available to all registered Income Taxpayers through the compliance portal, accessible through …
No enduring benefit arises when software project was abandoned due to change in technology. Supreme Court dismisses SLP of Department In a recent case, the Hon’ble Supreme Court has dismissed the Special Leave Petition (SLP) of the Revenue against the judgment of the Hon’ble High Court of Karnataka …
