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Archive: 03 August 2022

Posts in 03 August 2022

Negligent & casual attitude during assessment – ITAT imposes cost on Assessee

August 3, 2022 492 Views 0 comment Print

Rajkumar Tiwari Vs ITO (ITAT Ahmedabad) As regards the merit of the issue involved in this case relating to the addition of Rs.6,54,300/- made by the Assessing Officer under Section 69C of the Act by treating the cash payments made by the assessee against credit card purchases as unexplained expenditure, the learned Counsel for the […]

Plant Quarantine (Regulation of Import into India) (Third Amendment) Order, 2022

August 3, 2022 1731 Views 0 comment Print

Plant Quarantine (Regulation of Import into India) (Third Amendment) Order, 2022 – Regarding the entries under Schedule-VI against serial no. 262 relating to Pome fruits (Apple, Pear (Pyrus spp.) and Quince (Cydonia spp.) in column (3) regarding (iii) Fresh fruits for Consumption, the entries under column 4 (viii) South Africa will be deleted.

Father cannot be Taxed for Cash Deposit in Bank Account of Major Son

August 3, 2022 924 Views 0 comment Print

Vijay Vasantrao Mahadik Vs Addl. CIT (ITAT Pune) The assessee appears to have opened the foregoing bank account in the name of his erstwhile minor son Mr. Virendra Mahadik long back. He had also furnished his PAN number at the time of his minor son’s bank account opening. Mr. Jasnani vehemently argued that the learned […]

E-invoice mandatory for business with Rs 10 crore Turnover w.e.f 01.10.2022

August 3, 2022 28554 Views 4 comments Print

E-invoice now mandatory for businesses with ₹10 crore turnover from 01.10.2022. Find out the important points you need to know.

Reporting under new Table 3.1.1 in FORM GSTR-3B

August 3, 2022 16629 Views 1 comment Print

Learn about the new Table 3.1.1 in FORM GSTR-3B and how it affects reporting for electronic commerce operators.

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