Delay in Filing Form 67 will not disallow Foreign Tax Credit

26 Dec, 2023

Delay in Filing Form 67 will not disallow ...

Introduction: In a significant development within the realm of income tax jurisprudence, the Income Tax Appellate Tr...

Penalty proceedings u/s 271BA: Assessee failed to obtained 3CEB report as mandated by Section 92E

26 Dec, 2023

Penalty proceedings u/s 271BA: Assessee fa...

Introduction: In the dynamic realm of income tax proceedings, one case has caught our attention – ITA No. 6694/Del...

Assessee must be informed of grounds of the penalty proceedings u/s 271(1)(c) only through statutory notice

26 Dec, 2023

Assessee must be informed of grounds of th...

Introduction: In a recent development in the realm of income tax matters, the Income Tax Appellate Tribunal (ITAT) o...

Navneet Dutta vs ACIT, Circle 67 (1), New Delhi.

26 Dec, 2023

Navneet Dutta vs ACIT, Circle 67 (1), New ...

Introduction Navigating the intricate web of income tax disputes, the Income Tax Appellate Tribunal (ITAT) in Delhi,...

A Special Procedure for Commissioner Appeals under GST

21 Dec, 2023

A Special Procedure for Commissioner Appea...

In a recent move to address concerns related to the filing of appeals under the Central Goods and Services Tax Act, 201...

Comprehensive Guidelines on GST Registration: Strengthening Processes

21 Dec, 2023

Comprehensive Guidelines on GST Registrati...

In a significant move to combat the rising issue of fake or bogus registrations under the Goods and Services Tax (GST) ...

Guidance of CBIC on Employees Secondment Post NOS by Supreme Court

21 Dec, 2023

Guidance of CBIC on Employees Secondment P...

In a recent development, the Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 05/2023-GST,...

Cancelling GST Registration Without Fair Hearing and Justification is unsustainable

21 Dec, 2023

Cancelling GST Registration Without Fair H...

In a recent landmark judgment, the Delhi High Court, in the case of M/s. Att SYS India Pvt. Ltd. Estex Tele Pvt. Ltd. C...

A favorable Judgement on Cash Deposit during Demonetization by Taxpayer

21 Dec, 2023

A favorable Judgement on Cash Deposit duri...

Introduction In the ever-evolving landscape of taxation, disputes between taxpayers and tax authorities are not unco...

FAQs on Advance Tax: A Guide to Advance Tax Calculations

21 Dec, 2023

FAQs on Advance Tax: A Guide to Advance Ta...

Is there any compliance if an assessee revises its estimate of income for advance tax? Yes, there is a provision for...

Understanding Tax Deduction on Rent Payments

21 Dec, 2023

Understanding Tax Deduction on Rent Payments

1. What are the key regulations governing the deduction of tax at source on rent payments? The deduction of tax from...

Understanding Section 194-IA and TDS Filing: A Comprehensive Guide

19 Dec, 2023

Understanding Section 194-IA and TDS Filin...

Who is mandated to file a TDS return under Section 194-IA? Any buyer involved in the payment of sales consideration ...

Understanding Tax Deduction for Virtual Digital Assets under Section 194S

19 Dec, 2023

Understanding Tax Deduction for Virtual Di...

Tax regulations in India impose certain responsibilities on individuals and entities involved in the transfer of virtua...

Books of Accounts cannot be rejected on the ground that GP rate is low as compared to earlier year

19 Dec, 2023

Books of Accounts cannot be rejected on th...

Introduction: In a recent decision, the Income Tax Appellate Tribunal (ITAT) Delhi Bench "G" set aside the order of the...

No additions could be made to income already assessed since no incriminating material was unearthed during the search

19 Dec, 2023

No additions could be made to income alrea...

Introduction: In a significant legal triumph, Meena Nayyar recently secured a favorable outcome in four separate income...

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