Deduction u/s 80IB and 80IC corresponding to allocation of R&D expenditure allowed ITAT Mumbai held that disallowance for deduction under section 80IB and 80IC of the Income Tax Act cor…
HC allows filing of Appeal as delay was of negligible period It was held that the Court can allow the Petitioner to file an appeal where there is delay of negligible period by extending tim…
CGST & SGST Authority cannot simultaneously prosecute assessee on same subject matter HC held that, State Tax Authority cannot prosecute assessee, when Central Tax Authority already ini…
Change in Partners/ Designated Partners in a LLP Change in Partners/ designated partners is an important event in the life of a Limited Liability Partnership (LLP), since it alters one of t…
Filing of memorandum of cross-objections in all cases appellable before ITAT Where assessee files an appeal to appellate tribunal against an order passed by Assessing Officer in consequence…
Union Budget 2023 – Proposed Amendments In GST Central Goods and Services Tax Act, 2017 (CGST Act) Section 10: Composition Levy Currently, section 10(2)(d) and 10(2A)(c) of the CGST Act res…
Case reopened in light of SC judgment in Ashish Agarwal to be completed by 31.05.2023 CBDT directed that cases reopened u/s 147/148A in consonance with Judgement of SC in case of UoI vs. As…
Cancellation/Holding of swapping order of Export Quota for export during Sugar Season 2022-23-Reg. Instruction No. 03/2023-Customs Cancellation of swapping order w.r.t. 8th & 9th Reallo…
AO must give TDS credit on furnishing of TDS certificate by Assessee despite mismatch with NSDL data Machine Tools India Ltd. Vs ACIT (ITAT Kolkata) CBDT has issued instruction from time to…
MCA imposes penalty of Rs. 11,34,200 for violation of section 92 & 137 MCA imposes total penalty of Rs. 11,34,200 on ‘Erofab Exports Private Limited’ and its directors for violation of …
Reasonableness of Notices issued under section 148 of Income Tax Act Reasonableness of Notices issued under section 148 w.r.t Assessment or Reassessment of Income Escaping Assessment under …
No Service Tax liability can be imposed on Builder on cancellation of booking by flat buyer CESTAT held that once the buyer of a flat cancelled the booking and the consideration for service…
Education Cess not Allowable as Expenditure under Section 37: SC Education cess paid by the respondent-assessee would not be allowed as an expenditure under Section 37 read with 40 (a) (ii)…
HC dismisses Plea Challenging Levy and collection of cess under GST Ranvir Kumar Karan Vs Union of India (Madhya Pradesh High Court) In view of the Apex court judgment in Civil Appeal No.10…
ITAT allows section 10A Deduction on Income From Design Charges Appellant has been able to establish that income by way of Design Charges are in the nature of business income as the same ar…
Section 269St not applies if assessee not received cash of more than Rs. 2 lakh in a day from one party Balaji Auto Enterprises Mysore Pvt. Ltd. Vs ACIT (ITAT Bangalore) ITAT observe from t…
Afforestation activity of charitable organization is exempt from GST Whether Afforestation activity which includes plantation of mangroves is exempted from GST under Sr. No.1 Notification N…
Statutory Tax Compliance Tracker for January, 2023 Statutory Tax Compliance Tracker for January, 2023 explains Compliance requirement under Income Tax act, 1961 and Compliance Requirement u…
No proposal to reduce GST e-invoice threshold limit to Rs. 5 Crore There is no proposal before Government, to reduce GSTE-Invoice threshold limit to Rs 5 Crore with effect from 01.01.2023, …
Dubai VAT and Corporate Tax Changes in 2022: Recent Taxation Rules The Dubai government has introduced multiple changes in the Dubai tax procedures for 2022. The year 2023 is expected to be…
