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No furnishing transporters declaration u/s 194C(7) does not mean non compliance of section 194C(6) leading to disallowance u/s 40(a)(ia) – ITAT ABCAUS Case Law Citation:ABCAUS 3727 (2023) (05) ITAT Important Case Laws relied upon:Sunbeam Auto Ltd. 332 ITR 167 In the instant case, the assessee had challenged the …
Cost of acquisition in construction of roof rights in property – ITAT remands case for consideration of report of valuer. ABCAUS Case Law Citation:ABCAUS 3726 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the addition on account …
CPC making adjustment u/s 143(1)(a) without giving opportunity despite availability of correct position was a mistake of apparent nature – ITAT ABCAUS Case Law Citation:ABCAUS 3725 (2023) (04) ITAT Important Case Laws relied upon:Kalpesh Synthetics (P) Ltd. vs. DCIT 137 Taxmann. com 475 In the instant case, the …
A claim for deduction can not be denied merely for not filing return of income within due date specified u/s 139(1) in absence of any specific provision – ITAT ABCAUS Case Law Citation:ABCAUS 3724 (2023) (04) ITAT Important Case Laws relied upon:M/s. Saffire Garments Vs. Income Tax OfficerCIT …
ICAI bars four Chartered Accountants on the charges of Professional Misconduct ICAI has notified name of four chartered accountants to be removed from the Register of Members on the charges of professional misconduct. Particulars Punishment Notification CA. Goutam Ghanty (Membership No. 060511), Agrani Lane, Mahiskapur, Plot Benachity, Durgapur …
Common Area Maintenance Charges (CAM charges) liable for TDS rate @ 2% u/s 194C as contractual payment and not @10% u/s 194I towards rent payment – ITAT In a recent judgment, ITAT has held that Common Area Maintenance Charges liable to TDS @ 2% u/s 194C Case Law …
GSTN New facility to verify document Reference Number (RFN) mentioned on offline communications issued by State GST authorities GSTN has made a new facility to verify document Reference Number (RFN) of communications issued by State GST authorities Presently, the GST portal generates various notices/ orders etc. which are …
Supreme Court publishes list of proposed neutral citation numbers from 01.01.2014 to 31.03.2023 The Supreme Court of India has published a list of proposed neutral citation numbers for the period i.e., 01.01.2014 to 31.03.2023 The announcement for the neutral citation was made last month by the Hon’ble Chief Justice. …
AO can not question genuineness of medical certificate unless he has some material to counter it – ITAT deletes penalty u/s 271B ABCAUS Case Law Citation:ABCAUS 3722 (2023) (04) ITAT Important Case Laws relied upon:Balaji Logistics vs. ACIT In the instant case, the assessee had challenged the order …
Employers contribution not covered under Supreme Court order in case of Checkmate. Payment by cheque within due date allowed by ITAT ABCAUS Case Law Citation:ABCAUS 3721 (2023) (04) ITAT Important Case Laws relied upon:Checkmate Services P. Ltd. vs CIT ABCAUS 3614 (2022) (09) SCAlom Extrusions Ltd. 185 TAXMAN …