Skava Electric Pvt. Ltd. Vs ACIT/DCIT (ITAT Bangalore) ITAT held that assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) of the I.T.Act. It was further held by the ITAT that […]
Introduction of section 148A and relevant amendments in Section 147, Section 148 and Section 149 (herein together referred to as new reassessment provisions) was the major portion of Finance Act 2021. The applicability of these new reassessment provisions was from 1st April 2021.
Nitin Jain Liquidator PSL Limited Vs Enforcement Directorate (Delhi High Court) A. The Court notes that the reliefs as framed in the writ petition essentially seek a restraint against the respondent from interfering in the liquidation process which had been set in motion. That challenge cannot stand eclipsed merely on account of the issuance of […]
DTPA has sent a Memorandum to Hon’ble FM on 18th Dec 2021 for Extension of Due Dates till 28TH Feb. 2022 for filing of ITRs and Resolution of the pending glitches in the IT Portal.
Whether CBDT is expected to go deep into the niceties of law before considering application u/s 119(2)(b) of the Income Tax Act 1961? Introduction In India, every assessee required to file his Income tax return within time prescribed under section 139 of the Income Tax Act. However, sometimes the assessee is not able to file […]
Uncover the facts about Cover Note or Interim Receipt in insurance. Learn what it is and how it provides coverage during the proposal stage.
Striking a company’s name off the register is an alternate method of ceasing business. For specific situations, the Registrar of Companies (‘ROC’) can issue a notice to strike the company name from the Register of Companies. The firm can also file a request with the ROC to have its name removed from the Register of […]
High Court Bar Association Vs Union of India (Madhya Pradesh High Court) Learned counsel for the petitioner submit that the Bench of NCLT was directed to be constituted at Indore by notification dated 08.03.2019. Till date, the notification could not be translated into reality. In the result, the litigants and lawyers of this jurisdiction are […]
Asis Global Ltd. V. Dy. Commissioner of State Tax (NCLT Mumbai) 1. The above present Interlocutory Application has been filed by the Liquidator against the Respondent Dy. Commissioner of State Tax (Respondent No. 1) and Axis Bank Limited (Respondent No. 2) seeking direction from this Tribunal to unfreeze/lift the attachment on the Bank Account of […]
E-Commerce Operators and their liability to pay GST on Restaurant Services – Impact of changes with effect from 01st January 2021 The GST Council in its 45th meeting held on 17th September 2021 recommended notifying, Restaurant Services under Section 9(5) of the CGST Act, 2017 i.e., payments of Tax to be made by E-Commerce Operator […]
