[ad_1] Court facts and issues This is an appeal made by the assessee against the order dated 23.07.2018 of learned Commissioner of Income Tax (Appeals)-8, New Delhi for the assessment year 2014-15. When the appeal was called for hearing, there was no one present on behalf of the assessee to represent the case. Keeping in […]
Penny Stock Cases: Vivad Se Vishwas scheme not confers any vested right on assesse: ITAT Condones delay in Appeal Filing
[ad_1] Facts and issue of the court The Court : In all the applications the revenue has sought for condonation of delay in filing the appeals before this Court under Section 260A of the Income Tax Act, 1961 (the Act, in brevity) challenging the orders passed by the Income Tax Appellate Tribunal, Kolkata (the Tribunal). […]
HC: Section 148 notice quashed for failure to record reason for issue of notice
[ad_1] matter of fact and matter The petitioner aggrieved by the issue of notice under section 148 (abbreviated ‘IT Act’) of the Income Tax Act, 1961 has filed this writ petition seeking the following relief:- In the light of the facts and illegality made by the respondents, the Hon’ble High Court may graciously issue suitable […]
No liability to deduct TDS on payment made to facebook ireland for advertising
[ad_1] matter of fact and matter The assessee has preferred urgent appeal against the order dated 30.05.2017 passed by the LD. Commissioner of Income-tax (Appeals)-13, New Delhi (abbreviated as “L.D. Commissioner”) u/s 250 (abbreviated “Act”) of the Income-tax Act, 1961, whereby L.D. The Commissioner removed the excess of Rs. 1,64,02,845/- and 67,68,768/- done by AO. […]
UIDAI cancel more than 4.75 lakh Aadhaars for being duplicate
[ad_1] Office of the Comptroller and Auditor general of India New Delhi 06 April, 2022. AUDIT REPORT ON ‘FUNCTIONING OF UNIQUE IDENTIFICATION AUTHORITY OF INDIA’ PRESENTED Performance Audit Report No. 24 of 2021 on ‘Functioning of Unique Identification Authority of India- Union Government, Ministry of Electronics and Information Technology was tabled in Lok Sabha on […]
New facilities for taxpayers on GST Portal in March 2022
[ad_1] The article explains about the new functionalities made available for the taxpayers on the GST Portal (March, 2022) which include creation of link for Manipur, improvements made in search taxpayer functionality, mandatory Aadhaar authentication/Aadhaar for Form GST REG-21 Enrollment IDs are related to the form. GST CMP-02, Changes made on Portal for Composition Taxpayers […]
GST Updates: Tamil Nadu Government Advisory Panel on GST
[ad_1] Finance (Finance Commission-I) Department count: In the Revised Budget Speech 2021-22, the Hon’ble Minister of Finance and Human Resource Management has announced that the Government will set up an Advisory Council to develop a federal fiscal model with eminent experts on legislation relating to Revenue and Taxation (including GST). 2. Accordingly, the Government constitutes […]
GST: Implementation of special infrastructure scheme for brick kilns
[ad_1] GST: Implementation of the Special Composition Scheme for Brick Kilns 1. GSR(E)- In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Center The Government, on the recommendations of the Council, hereby amends the following notification … Post GST: […]
The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022
[ad_1] F. No. ibbi/2022-23/gn/REG.081.– In exercise of the powers conferred by clause 1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Procedure) (Amendment) Regulations, 2022. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board […]
BCCI cannot be refused an income tax exemption just because the IPL is constructed in a more profitable manner.
[ad_1] Fact and Issue of the case This appeal challenges correctness of the order dated 28th March 2019 passed by the learned Principal Commissioner of Income Tax, Central Charge 3, Mumbai (hereinafter referred to as the Commissioner), rejecting the application for registration under section 12A(1)(ab) r.w.s. 12AA of the Income Tax Act, 1961 (hereinafter referred […]