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Archive: 21 October 2023

Posts in 21 October 2023

Uses of debit card to manage expenses and save more

October 21, 2023 642 Views 0 comment Print

Expense management should be a top priority for all of us, especially if living independently. Smart debit card use can save money, cut costs on most everyday and one-off transactions, and earn reward points too. Here are some excellent ways to use your debit card and manage your money well.

Details of business promotion expenditure duly produced and hence disallowance u/s 37 unjustified

October 21, 2023 1782 Views 0 comment Print

ITAT Delhi held that details of business promotion expenditure duly produced and it is also demonstrated that company being FMCG distribution/advertisement expenses for substantial part of expenditure. Accordingly, disallowance u/s 37 of the Income Tax Act unjustified.

Employees’ contribution to Provident Fund allowed as deposited before filing of return

October 21, 2023 1221 Views 0 comment Print

ITAT Mumbai held that amendment to section 36(1)(va) is not applicable to A.Y. 2017-2018. Accordingly, as the employees contribution to provident fund is deposited before the due date u/s. 139(1) of the Act, the same cannot be disallowed.

Period from March 1, 2020, to February 28, 2022, Excluded for GST Refund Application

October 21, 2023 1725 Views 0 comment Print

In the Mahalaxmi Exports vs. Commissioner of Delhi GST case, Delhi High Court directs the processing of Input Tax Credit (ITC) refund within the stipulated time.

HC set-aside Form 3 issued under Direct Tax Vivad Se Vishwas Act in Rolls Royce case

October 21, 2023 468 Views 0 comment Print

Delhi High Court grants relief to Rolls Royce in a case against Form 3 issued under the DTVSV Act. Get the full judgment and implications of the decision here.

HC Imposes 1.5 Lakh Fine for Obtaining Interim Income Tax Order with Suppressed Facts

October 21, 2023 471 Views 0 comment Print

Calcutta High Court’s strong stance on suppressing material facts in Income Tax proceedings. Learn about the case of Amber Commodeal Pvt. Ltd. vs. ITO and its implications.

‘Agreement to Sell’ Date Property Value Assessed by Stamp Valuation Authority relevant for Section 50C

October 21, 2023 1071 Views 0 comment Print

Discover the ITAT Raipur ruling on the assessment of property value under Section 50C of the Income Tax Act. Get insights into the case of DCIT vs. Nitin Gupta.

Section 148A(b) provides minimum seven (7) days for filing response

October 21, 2023 3108 Views 0 comment Print

Delhi High Court quashes Income Tax notice under Section 148A(d) for AY 2019-20, granting two weeks to file a comprehensive response. Learn more about the case.

GST अधिनियम से उत्पन्न समस्याओं पर प्रधानमंत्री नरेंद्र मोदी को पत्र

October 21, 2023 2562 Views 0 comment Print

GST Act से उत्पन्न समस्याओं के संबंध में माननीय श्री नरेंद्र मोदी जी प्रधानमंत्री भारत सरकार को पत्र प्रेषित आदरणीय प्रधानमंत्री जी, सादर नमस्कार, महोदय, निवेदन यह है। कि आपके मार्गदर्शन में हमारा देश दिन प्रतिदिन उन्नति की ओर अग्रसर है। इस उन्नति के लिए आपके द्वारा एक क्रांतिकारी कदम देश में एक टैक्स एक […]

GST Council clarifies on Special INR Vostro Account Remittances

October 21, 2023 4941 Views 0 comment Print

GST Council’s latest recommendations on Special INR Vostro account remittances provide exporters with clarity, simplifying GST refunds and unlocking working capital.

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