Sponsored
    Follow Us:

Archive: 29 August 2022

Posts in 29 August 2022

HC quashes Assessment Order passed under Old Surrendered PAN

August 29, 2022 2487 Views 0 comment Print

Return was filed under the new PAN and in spite of that, assessing officer passed assessment order under old PAN – HC Quashed such order

Reg. procurement of sand & soil from DTA for construction activities in SEZ

August 29, 2022 1140 Views 0 comment Print

Permission for domestic procurement of restricted items (sand and soil) by developers / co-developers / units for infrastructural development / construction activities inside the Special Economic Zones (SEZs) –

Relaxation of Limitation to file GST Registration Revocation application also applies to Appeal Filing

August 29, 2022 1317 Views 0 comment Print

Singh Group Vs State Of U.P. (Allahabad High Court) GST Registration cancellation orders: Once the Government exercised its powers and reached a satisfaction (that there were defects on the common GST portal with respect to service of orders) and, provided relaxation of limitation, by suspending the period of limitation with respect to orders passed up […]

No section 40A(3) Disallowance for cash payment to Agricultural Land Seller on his insistence

August 29, 2022 2562 Views 0 comment Print

Geo Connect Ltd Vs DCIT (ITAT Delhi) The factual matrix reveal that the assessee is in real estate business and for that purpose it purchased an agricultural land from one Sh. Ugma, an old man of 75 years. Towards sale consideration of the said land, the assessee issued bearer cheques for an amount of Rs. […]

GST recovery without issue of Section 74(9) Order – HC directs dept to issue SCN

August 29, 2022 981 Views 0 comment Print

Appellant is aggrieved by the action of the respondents in allegedly recovering tax without issuance of any order under Section 74(9) of GST

Misleading Weight Loss Programme Ads amounts to Unfair Trade Practice

August 29, 2022 3567 Views 0 comment Print

The act of the appellants of giving false assurances on one hand by way of misleading advertisements and on the other hand, obtaining declaration from the consumers qua no guarantee/assurance regarding the result and outcome of the programme, is a clear example of unfair trade practices adopted by them

Section 41(1) addition not justified for loan creditors

August 29, 2022 1194 Views 0 comment Print

In the instant case, admittedly, it is loan creditors and not a trading liability. So, the assessee has not obtained allowance or deduction in computing the profits and gains of business or profession in respect of assessment of any year.

Section 249(4)(b): Appeal cannot be submitted when ITR was filed

August 29, 2022 7716 Views 0 comment Print

Section 249(4)(b) of Income Tax Act, 1961 cannot be invoked when return of income filed by assessee was selected for scrutiny and assessment

TDS Credit denial for Mismatch in Form 26AS & 16A is Insensitive & injudicious

August 29, 2022 2961 Views 0 comment Print

Disallowance of TDS credit for Mismatch in Form 26AS & Form 16A is Insensitive & injudicious & violates CBDT equity and citizen charter

Business Losses set-off allowable against Speculative Income

August 29, 2022 4806 Views 0 comment Print

ITAT held that unabsorbed business losses can be set off against any income from business, be it speculative or otherwise.

Sponsored
Sponsored
Search Post by Date
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031