Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in disallowance of deduction u/s 54 – ITAT ABCAUS Case Law Citation:ABCAUS 3806 (2023) (09) ITAT Important Case Laws relied upon by parties:CIT vs Venkata Dilip Kumar (277 taxman …

Assessing Officer was wrong to put the onus on assessee to prove that alleged cash transaction did not taken place – ITAT ABCAUS Case Law Citation:ABCAUS 3805 (2023) (09) ITAT In the instant case, the Income Tax Officer has challenged the order passed by the CIT(A) in deleting …

Reasons on which reopening done must first survive to make addition on additional issues also – ITAT explains Explanation 3 to section 147 ABCAUS Case Law Citation:ABCAUS 3804 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) and raised the …

DGFT de-lists 29 agencies authorized to issue Certificates of Origin- (Non Preferential)  Directorate General of Foreign Trade has de-listed 29 agencies authorized to issue Certificates of Origin- (Non Preferential)  Pursuant to Trade Notice No. 22/2023 dated 16.08.2023, agencies enlisted under Appendix 2E of FTP, 2023 who have still …

Geocoding functionality for additional place of business address activated on GSTN GSTN has activated the feature of geocoding functionality for the “Additional Place of Business” address across all States and Union Territories. This geocoding functionality was earlier implemented for the principal place of business, operational since February 2023. …

Denial of Registration u/s 12AB remanded for de novo consideration when notices were issued at very close intervals and hearing concluded within a very short span of time In a recent judgment, ITAT has quashed the order passed by CIT(E) denying Registration u/s 12AB as order was passed …