Future refunds can not be adjusted for TDS mismatch in terms of Section 205 of the Income Tax Act 1961 ABCAUS Neutral Case Law Citation:ABCAUS 3674 (2023) (02) HC In the instant case, the assessee had filed a Writ Petition before the Hon’ble High Court challenging the non payment …
Delay in filing of Tax Audit Report due to computer data crash- Penalty u/s 271B quashed ABCAUS Case Law Citation:ABCAUS 3673 (2023) (02) ITAT In the instant case, the assessee had challenged the order passed by the National Faceless Appeal Centre in confirming income tax penalty u/s 271B …
Onus was not on Revenue to demonstrate that the assessee paid commission, but on the assessee to demonstrate that he had paid no commission on admitted accommodation entry. ABCAUS Case Law Citation:ABCAUS 3672 (2023) (02) ITAT Important Case Laws relied upon by parties: In the instant case, the …
Loan obtained preceded by cash deposit of exact amount in lenders account held to be cash credit u/s 68 as the explanation offered was not found to be satisfactory ABCAUS Case Law Citation:ABCAUS 3671 (2023) (02) ITAT In the instant case, the assessee had challenged the order passed …
Introduction of Negative Values in Table 4 of GSTR-3B – GSTN Advisory The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal and …
Filing of certain forms in physical mode during migration of MCA Portal from V2 Version to V3 MCA has issued General Circular No. 05/2023 dated 22.02.2023 clarifying filing of of various forms during 22.02.2023 to 31.03.2023 due to process of stabilization of 45 forms launched with effect from …
