Adjudicating Authority must provide hearing opportunity before passing an adverse order
The Hon’ble Allahabad High Court in B.L. Pahariya Medical Store v. State of U.P [Writ Tax No. 981 of 2023 […]
GST Law, Important Pronouncements
Income Tax, News
ITR: Late fee that you have to pay if you fail to verify income tax return before August 31, 2023
The last day to file the Income Tax Returns for the financial year 2022-23 has already passed as the due
GST Law, Important Pronouncements
Entire disputed amount required to be deposited before opting writ remedy
The Hon’ble Orrisa High Court in Krushna Mohan Dutta v. Commissioner of CT & GST, Odisha & Others [W.P (C)
Advance Ruling-New, GST Law
ITC is eligible on inputs used for construction of foundation of machinery
The AAR, Rajasthan, in M/s. Uvee Glass Private Limited [Advance Ruling No: RAJ/AAR/2023-24/05 dated June 30, 2023] held that, Input
Important News, Income Tax
Income Tax Department released the latest FAQs for Form 27C
The Income Tax Department on August 28, 2023 released the latest Frequently Asked Questions (“FAQs”) for Form 27C. Question 1:
Income Tax, News
Six foreign tours companies under tax scanner
The Income tax department is looking into tax evasion by about six companies providing foreign tour packages for under-reporting of
Important News, Income Tax
Income Tax Department Enables Functionality for Revision of Form 27C on e-Filing Portal
The Income Tax Department on August 28, 2023 released an update that enables the Functionality for Revision of Form 27C
ITAT, News
ITAT nixes additional tax demand on firm for deposits during demonetisation
An Income Tax tribunal has rejected the demand of the authorities to impose tax on cash deposits made by a
CBDT Notification, Notification And Circular, Notification and Circular
CBDT notified Rules 13 and 13A of the Income Tax Rules to Implement the Finance Act, 2023 amendments
The CBDT vide Notification No. 70/2023 dated August 28, 2023, notified the Income-tax (Nineteenth Amendment) Rules, 2023. These rules, effective
Income Tax, News
CBDT order provides relief, but Income Tax department may reopen big old cases
The Central Board of Direct Taxes (CBDT), guided by a Supreme Court (SC) order issued in April, has sent out