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Archive: 27 June 2023

Posts in 27 June 2023

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices?

April 29, 2024 8205 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Join Live Webinar and get Book on Section 43B(h)

April 29, 2024 5262 Views 1 comment Print

Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down intricacies of Section 43B(h)

Ignorance of Tax Law for Partnership Income Not A Reasonable Excuse for Late ITR Filing

June 27, 2023 1599 Views 0 comment Print

Ignorance of tax obligations on income earned from a partnership doesn’t excuse late filing of Income Tax Returns. ITAT Mumbai upholds Section 271F penalty in a recent case involving an advocate and his late ITR filing.

CESTAT Orders Re-adjudication in ONGC Case Regarding Cenvat Credit Admissibility

June 27, 2023 795 Views 0 comment Print

CESTAT Ahmedabad directs re-adjudication for verification of the use of steel items in the ONGC case. The Tribunal emphasises on the need for physical verification to determine Cenvat credit admissibility.

Computation of Income Tax – FAQs & Examples

June 27, 2023 353319 Views 22 comments Print

Have questions about income tax payment? Read this article to find answers to frequently asked questions about income tax, including payment deadlines, income classification, gross total income, deductions, tax liability computation, and more.

Income Tax for New Tax Return Filers- FAQs

June 27, 2023 72763 Views 21 comments Print

New to filing income tax returns? Explore FAQs covering income tax basics, administrative framework, tax rates, receipts, exemptions, record-keeping, professions, and more. Ensure compliance and understanding of India’s income tax regulations.

CESTAT Chennai Upholds decision on Central Excise Value of Copper Anode

June 27, 2023 516 Views 0 comment Print

A detailed analysis of CESTAT Chennai’s decision in the Sesa Sterlite Ltd Vs Commissioner of GST case, focusing on the finalized ad valorem value of copper anode under Central Excise Rules.

Unsustainable Order: Cancelling GST Registration due to Vague Notice

June 27, 2023 1116 Views 0 comment Print

Gujarat High Court held that order cancelling GST registration passed on the basis of very vague and cryptic show cause notice is unsustainable in law and liable to be set aside.

IBC: Sub-contractor not entitled to raise claim if Contractual Relation not exist

June 27, 2023 1326 Views 0 comment Print

NCLAT Chennai held that the sub-Contractor, would not have any contractual relationship with the owner and would not be entitled to prefer any `Claims’ against the owner

IBC: Mere Filing of Application u/s 7(1) Insufficient to Invoke Section 238 Bar

June 27, 2023 1218 Views 0 comment Print

Bombay High Court held that mere filing of an application under section 7(1) of the IB Code is not enough to invoke the bar of section 238 of the IB Code.

Non-Resident: Unsustainable Section 69 Addition for Investment in India

June 27, 2023 2229 Views 0 comment Print

ITAT Mumbai held that addition u/s 69 of the Income Tax Act unsustainable as the assessee being non-resident, income has been invested in India and not arisen in India.

PF Contribution Deadline: 15 Days from Month-end for Salary Earned

June 27, 2023 2838 Views 0 comment Print

ITAT Mumbai held that the employer has to remit both the contributions (employee’s contribution and employer’s contribution) to the Provident Fund within 15 days from the close of the month for which the employees earned their salary i.e., Salary payable.

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