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Archive: 25 October 2022

Posts in 25 October 2022

Monthly commuted pension not deductible from family pension if pensioner dies before restoration of commuted pension

October 25, 2022 891 Views 0 comment Print

whether deduction towards commutation are required to be made from family pension for the remaining period in cases where the pensioner dies before the restoration of commuted pension.

Emoluments for determining mandatory contributions under NPS

October 25, 2022 780 Views 0 comment Print

No. – 57/03/2022-P&PW(B)/8361 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare *** 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi, Dated the 25th October, 2022 OFFICE MEMORANDUM Subject: Emoluments for determining mandatory contributions under National Pension System in respect to Central Government employees covered under NPS. […]

CMA should not quote Fee less than minimum fee prescribed in tender document

October 25, 2022 1173 Views 0 comment Print

Institute Of Cost Accountants Of India notifies amendment to Guidelines related to Quote of Fees in case of Tender for Compliance by Members of Institute alongwith consequences of non-compliance.

Format of communication to the previous Cost Auditor

October 25, 2022 1542 Views 0 comment Print

Council of Institute Of Cost Accountants Of India notifies Format of Communication to Previous Cost Auditor alongwith consequences of non-compliance

Section 14A not apply if no exempt income was received or receivable during relevant previous year

October 25, 2022 1389 Views 0 comment Print

PCIT  Vs Delhi International Airport Pvt. Ltd. (Delhi High Court)  present case is covered by the Division Bench judgment in Cheminvest Ltd. vs. CIT, [2015] 61 com 118 (Delhi), wherein this Court has held that the expression ‘does not form part of the total income’ in Section 14A of the Act means that there should […]

Incidental Interest Income eligible For section 10A Deduction

October 25, 2022 681 Views 0 comment Print

Whether ITAT erred in law in deleting addition as Income from Other Sources and holding it eligible for calculation of deduction under Sections 10A and 10B of Income Tax Act, 1961?

HC Quashed GST order passed without applying mind & considering records

October 25, 2022 2415 Views 0 comment Print

HC noted that this is one more case where respondents have passed such order under GST without applying its mind and without considering records.

CIT(A) considered issue not forming part of appeal – ITAT remit matter back to CIT(A)

October 25, 2022 747 Views 0 comment Print

ITAT Pune remands to CIT(A) for discrepancy issue in Sanjay Dayal vs ITO. Assessee’s appeal partly allowed for statistical purposes.

HC quashed GST Assessment carried out by Investigating Officer who also Carried Out Search

October 25, 2022 2205 Views 0 comment Print

Swastik Plastics Vs Commissioner of DGST (Delhi High Court) 1. This writ petition came up for hearing for the first time on 05.04.2022, when after hearing the counsel for the parties, we had inter alia recorded the following: “2. This writ petition is directed against the order dated 11.03.2022, passed by the Assistant Commissioner, Delhi […]

AO justified in treating capital Gain as Income from other sources as no information furnished by Assessee

October 25, 2022 858 Views 0 comment Print

Vishnunarayan R. Modani Vs CIT (A) (ITAT Mumbai) Assessee has not furnished any material to show that the share transactions entered by him are genuine transactions. Accordingly, I am of the view that the Assessing Officer was justified in treating the capital gain of Rs.136,812/- and Rs.150,575/- as income under the head ‘income from other […]

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