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GSTN launches e-invoice registration services with private IRPs GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these e-invoice registration services to …
Accepting rental income from commercial complex as business income instead of house property was erroneous and prejudicial to the interest of Revenue- ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3684 (2023) (03) ITAT In the instant case, the assessee had challenged the revisionary order passed by the PCIT u/s …
ITAT slams appellant in filing multiple appeals as abuse of process of Court, against the principles of Res Judicata and principles of Constructive Res Judicata ABCAUS Neutral Case Law Citation:ABCAUS 3683 (2023) (03) ITAT Important Case Laws relied upon by parties:Devilal Modi vs. Sales Tax Officer AIR 1965 …
High Court quashed detention order of UP GST Authorities on presumption that goods was brought into State by two different vehicles by same e-way bill ABCAUS Neutral Case Law Citation:ABCAUS 3682 (2023) (03) HC In the instant case a writ petition was filed by the assessee challenging the …
Sundry Creditors written off by debiting to software account was not income as the software purchased was of no use and no depreciation was claimed ABCAUS Neutral Case Law Citation:ABCAUS 3681 (2023) (03) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) …
Income Tax Penalty u/s 271AAB deleted as assessee was declaring income on presumptive basis, was not required to maintain books and addition was made on estimated basis. ABCAUS Neutral Case Law Citation:ABCAUS 3680 (2023) (03) ITAT In the instant case, the assessee had challenged the order passed by …
RBI has revised the remuneration payable to the Statutory Central and Branch Auditors of Nationalized banks effective from the FY 2022-23. The revised remuneration is as under: 1. Remuneration for Central Statutory Audit work of the bank The fees admissible to the SCAs for Audit of the Head/Central …
CBDT exempts income of Insolvency and Bankruptcy Board of India u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 09/2023 New Delhi, the 1st March, 2023 S.O. 947(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 …
GST on Authorities for conduct of entrance examination for admission to educational institutions to be treated as educational institution for the limited purpose MINISTRY OF FINANCE(Department of Revenue) Notification No. 01/2023 -Central Tax (Rate) New Delhi, the 28th February, 2023 G.S.R.141(E).—In exercise of the powers conferred by sub-sections …
Appeal Fee to be paid to ITAT on appeal against Rectification order u/s 154– Residual clause of section 253(6)(d) not applicable says ITAT ABCAUS Neutral Case Law Citation:ABCAUS 3679 (2023) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) / NFAC …
