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Archive: 11 March 2023

Posts in 11 March 2023

Gross Direct Tax collections for FY 2022-23; 22.58% higher Y-o-Y till 10.03.2023

March 11, 2023 1353 Views 0 comment Print

Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore which is 22.58% higher than the gross collections for the corresponding period of last year.

Section 80IC deduction not eligible if manufacturing plant not installed in notified area

March 11, 2023 759 Views 0 comment Print

Parvatiya Plywood (P) Ltd. Vs ITO (ITAT Delhi) Assessee filed its return of income through e-mode on 30.09.2012 declaring NIL income. It is recorded by the Assessing Officer that the assessee has claimed deduction u/s 80IC of the Act, amounting to Rs.34,49,325/-. In respect of statutory notices, Ld.AR of the assessee attended the assessment proceedings. […]

HC denies anticipatory bail in alleged transfer of Income tax assessment under a criminal conspiracy

March 11, 2023 759 Views 0 comment Print

Akash Agarwal Vs Union of India through CBI (Jharkhand High Court) Apprehending his arrest, petitioner- Akash Agarwal @ Akash Aggarwal has moved this Court for grant of privilege of anticipatory bail in connection with RC AC1 2018A 0006 [corresponding to R.C.06(A)/2018-D] registered under Section 120-B of the Indian Penal Code read with Sections 7,8, 12 […]

Motor Vehicle tax on tractors/trailers owned by tea gardens & not used on public roads  

March 11, 2023 867 Views 0 comment Print

Sankos Tea Garden Vs The State of West Bengal and Ors (Calcutta High Court) The petitioner is a subsidiary unit of Goodricke Group Limited and engaged in production and manufacture of tea. It is the case of the petitioner that they operate as many as 22 numbers of vehicles of different nature like tractors, leaf […]

Corpus specific voluntary donations not taxable in case of unregistered trust

March 11, 2023 2193 Views 0 comment Print

When donations forming corpus of assessee’s trust received with specific purpose are capital in nature. ITAT held that corpus specific voluntary donations are not taxable in case of unregistered trust

GST on Transporting own Machinery from One place to other for Execution of Particular Work

March 11, 2023 12483 Views 0 comment Print

Where there is no sold or supply goods, goods can only be transported from one place to another with a delivery challans in lieu of tax invoice.

Income Tax Notice under section 148 against Dead Person is Invalid

March 11, 2023 8949 Views 0 comment Print

Prakash Tatoba Toraskar Vs ITO (Bombay High Court) In this case initial notice under Section 148 was in the name of the deceased and so was the subsequent communication dated 20 May 2022 purporting to be a notice in terms of Section 148A(b), it is settled law that notice issued under Section 148 of the […]

CSR in India: Compliance, Enforcement & Future Directions

March 11, 2023 8061 Views 0 comment Print

Explore the landscape of Corporate Social Responsibility (CSR) in India: Compliance, enforcement challenges, and future directions for sustainable business practices.

NFAC bound by decision of jurisdictional High Court or ITAT, where AO was situated

March 11, 2023 3579 Views 0 comment Print

Decision of jurisdictional high court with jurisdiction over AO should be followed and applied by NFAC. Relief should not be refused to taxpayer merely because there was a conflicting decision of a non-jurisdictional high court.

How to respond Income Tax Notice where user not have E-filing Account

March 11, 2023 10521 Views 1 comment Print

Income Tax e-Portal has added a new feature that allows taxpayers to respond to any ITBA notice/document DIN that is not linked to a PAN/TAN or Notice under Section 133(6) where the user does not have an e-filing account with the entity to which the notice is issued.

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