GSTN Advisory on Bank Account Validation GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct. The bank account validation status …

Applicability of TDS on property u/s 194IA to be determined transferor or transferee-wise and not property-wise ABCAUS Case Law Citation:ABCAUS 3714 (2023) (04) ITAT Important Case Laws relied upon :Indumukhi Vs Distt CollectorOxcia Enterprises (P) Ltd vs Deputy Commissioner Income TaxVinod Soni Vs Income Tax Officer (2019) 197 …

Adjustment u/s 143(1) by CPC unsustainable if assessment completed u/s 143(3) accepting the return of income – ITAT ABCAUS Case Law Citation:ABCAUS 3713 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the NFAC/CIT(A) in confirming  the adjustment made by the CPC …

CBDT approves National Institute of Design, Ahmedabad under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ u/s 35(1)(ii) of the Income-tax Act, 1961  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 23/2023 New Delhi, the 21st April, 2023 S.O. 1831(E).—In exercise of …

Disallowance of Interest on TDS u/s 37(1) is outside the purview of Section 143(1). ITAT allows interest as business expenditure ABCAUS Case Law Citation:ABCAUS 3712 (2023) (04) ITAT Important Case Laws relied upon :M/s. Hebe Infrastructure Pvt. Ltd.M/s. Govindam Clearing Agencies Pvt. Ltd. Vs. DCITDCIT vs.  M/s Narayani …

ITAT directs credit of TDS appearing in old PAN of amalgamating company to amalgamated company with another PAN ABCAUS Case Law Citation:ABCAUS 3711 (2023) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming not granting the credit of tax …