Addition based on projected income surrendered during search deleted as actual gross income reported in audited accounts was higher ABCAUS Case Law Citation:ABCAUS 3738 (2023) (05) ITAT In the instant case, the Revenue had challenged the order passed by CIT(A)/FAA deleting the addition for undisclosed profit made by …

Drawings and returned income speak volumes about richness of family – ITAT deleted addition for jewellery found during search. ABCAUS Case Law Citation:ABCAUS 3737 (2023) (05) ITAT Important Case Laws relied upon:Ashok Chaddha vs. ITO 14 taxman.com 57 In the instant case, the assessee had challenged the order …

Turnover threshold reduced to Rs. 5 crores for requirement of generating GST E-invoice w.e.f. 1st August 2023   GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 10/2023 –Central Tax New Delhi, the10th May, 2023   G.S.R…..(E).-In exercise of the powers conferred …

No company name removal/Strike of without filing overdue financial statements or annual returns   MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 10th May, 2023 G.S.R.354(E).—In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 …

Adjustment denying exemption u/s 10(23C)(iiiad) deleted as there was no column / provision in ITR for showing computation of exemption u/s 10(23C)(iiiad) ABCAUS Case Law Citation:ABCAUS 3736 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the adjustment …

Last date for the exercise of the option by GTA to pay GST under forward charge has been extended from 15th March 2023 to 31st May 2023   Government of IndiaMinistry of Finance(Department of Revenue) Notification No. 05/2023-Central Tax (Rate) New Delhi, the 9th May, 2023   G.S.R……(E).-In …