Tax Guru44m
HC Dismisses Petition Challenging GST N/No. 56/2023 Due to Availability of Alternative Remedy
High Court Dismisses Petition Challenging Notification No. 56/2023 Due to Availability of Alternative Remedy Under Section ...
Tax Guru11h
Bank certificate show cash Deposits during demonetisation: ITAT deletes addition u/s 69A
In the matter abovementioned ITAT deleted additions u/s 69A made on account of cash deposit during demonetization after ...
Tax Guru2h
Andhra Pradesh HC Sets Aside Unsigned GST Assessment Order
Andhra Pradesh High Court has set aside an unsigned GST assessment order issued to Sandhya Constructions for the period ...
Tax Guru22m
Interest from nationalized banks not eligible for Section 80P(2)(a)(i) deduction
A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.
Tax Guru27m
ITAT Chennai Deletes ₹5 Crore Addition as assessee proved source of funds
The AO determined that the source of the share application money was a lease deposit received by Subramani from M/s Safe Carwings Pvt. Ltd. (SCPL) for a property he leased to them. However, the AO ...
Tax Guru33m
Expenses cannot be arbitrarily restricted based on a fixed percentage increase in turnover
Observing an 8.63% increase in turnover for AY 2017-18, the AO applied this same percentage to allowable expenses, disallowing any expenditure exceeding this growth rate. The ITAT deemed this ...
Tax Guru47m
GST assessment order traversed beyond scope of notice: HC directs to treat order as SCN
In the matter abovementioned Hon’ble HC disposed off the writ petition after observing that impugned order traversed beyond the scope of SCN.
Tax Guru1h
Second Section 148A(b) notice cannot be supplemental to first, if it raises entirely new issues
In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the ...
Tax Guru1h
IT support payments not taxable as FTS due to failure of ‘make available’ test under India-UK DTAA: ITAT Delhi
Key Takeaway: The ITAT’s ruling reinforces that recurring IT support services that do not result in the transfer of technical know-how, experience, or skills fail to meet the “make available” standard ...
Tax Guru2h
NFAC has exclusive power to issue Income Tax Section 148 notice: P&H HC
SEO Meta Description: Punjab & Haryana HC quashes reassessment notices, ruling that only NFAC can issue Sec 148 notices under CBDT circular. Read more on jurisdictional authority.
Tax Guru1h
ITAT Directs CIT(A) to Specify Clause of Section 270A(9) for Penalty Imposition
Kolkata recently allowed the appeal of Terai Fruits Company in a case concerning a penalty levied under Section 270A of the Income Tax Act. The case originated from a reassessment proceeding where the ...
Tax Guru1h
GST Refund eligible on export proceeds in INR through convertible Vostro accounts
M/s. Elite International through its Proprietor Shri Rohan Arora Vs Commissioner of CGST Delhi North And Ors. (Delhi High Court) Delhi High Court, in the case ...