Due date for filing audit report Form 10B/10BB for AY 2024-25 extended to 10.11.2024 CBDT by order u/s 119 has extended the due date for for filing audit report in Form No. 10B/10BB for AY 2024-25 to 10.11.2024 Sub: Order under section 119 of the Income-tax Act, 1961-reg. Central …

Procedure is handmaid of justice – ITAT deleted addition made as a consequence of filing wrong ITR by assessee. In a recent judgment, ITAT Chandigarh has held that procedure is handmaid of justice. Assessee cannot be said to gain anything by filing a wrong ITR intentionally, knowing that …

CBDT scrutiny guidelines are only for compulsory selection and does not preclude random selection for scrutiny by the Assessing Officers. In a recent judgment, Hon’ble Patna High Court has held that CBDT guidelines are only for compulsory selection of returns for scrutiny and it does not preclude random …

Aadhaar made compulsory for availing benefit under Prime Minister’s Internship Scheme (PMIS) An individual desirous of availing the benefit under the Prime Minister’s Internship Scheme shall be required to furnish proof of possession of the Aadhaar number or undergo Aadhaar authentication. PM Internship Scheme, announced in the Budget …

Supply of Metal scrap by a unregistered person to any registered person brough under GST Reverse Charge Mechanism GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Revenue) Notification No. 06/2024-Central Tax (Rate) New Delhi, the 8th October, 2024 G.S.R….(E).- In exercise of the powers conferred by sub-section (3) of section …

Non supplying “reasons to believe” to assessee made the assessment lacking valid assumption of jurisdiction – ITAT In a recent judgment, ITAT Raipur has held that when the Assessing Officer (AO) despite specific request of the assessee failed to provide to him a copy of the “reasons to …