Court dismissed petitioner’s argument that a show cause notice was invalid due to parallel investigations, noting the investigations concerned a different individual.
Overview and analysis of the ITAT Bangalore’s decision to direct re-adjudication due to the assessee’s unfamiliarity with the ITBA portal in the Krishnan Sivaprasad vs ITO case.
In-depth analysis of the recent Delhi High Court judgement in PCLT Vs Gopal Kumar Goyal, leading to a quashed 300% penalty imposed by the AO due to lack of clear indication on violation of the Income Tax Act, 1961.
he State Goods and Services Tax Department has introduced a new Reference Number (RFN) system to replace the existing Document Identification Number (DIN) for all communications issued to taxpayers and individuals. Circular No. 14/2023 provides guidelines for the implementation and exceptions to this new system. Circular No. 14/2023 highlights the transition from the DIN to […]
Learn about the 2023 Income Tax Return (ITR) deadline for business professionals and why an extension is needed for non-audit cases. Find ITR form details and analysis here.
CMA Ashwin G. Dalwadi elected as President & CMA Bibhuti Bhushan Nayak as VP of Institute of Cost Accountants of India for 2023-24. Learn about their backgrounds and roles.
Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of Income-tax Act, 1961’ is issued by ICAI Direct Taxes Committee.
In MMTC Ltd. Vs Deputy Commissioner of Sales Tax, the Orissa High Court asserts that the writ court cannot decide disputed facts about tax dues payments, directing the petitioner to approach the Assessing Officer.
CESTAT set aside demand of service tax on amount received from NHAI on the ground that same is taxable under Business Auxiliary Service (BAS) and held that assessee was not rendering BAS services as alleged.
Stay updated on Income Tax for NRIs with inoperative PANs. Learn how to make your PAN operative and the supporting documents needed.
