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Archive: November, 2023

Posts in November, 2023

Legal Metrology- Material Measures of Length (Quality Control) Order, 2023

November 21, 2023 1272 Views 0 comment Print

Explore the Legal Metrology- Material Measures of Length (Quality Control) Order, 2023. Learn about standards, certification, and penalties for non-compliance. Stay informed

Allowability of Technology Expenses for Future Business utilization

November 21, 2023 735 Views 0 comment Print

Delhi HC rules in PCIT vs Hike Pvt Ltd, clarifying tech expenses as revenue expenditure. Detailed analysis on re-characterization, AO approach, and key findings.

Allegation of Bogus Transaction Invalid Without Corroborative Evidence: Delhi HC

November 21, 2023 2922 Views 0 comment Print

Delhi HC judgment on Gudwala And Sons vs. ACIT for AY 2019-20. Detailed analysis of reassessment proceedings, allegations, and flaws in AO’s approach.

Value on date of agreement is considered when date of agreement fixing consideration and date of registration of property is different

November 21, 2023 10950 Views 0 comment Print

ITAT Hyderabad held that where the date of agreement fixing the amount of consideration and the date of registration of property is different, value adopted by stamp valuation authority on the date of agreement has to be taken for purposes of computing full value of consideration of such transfer.

Fuel surcharge not to be added for determining basic fare as commission paid on air fare only

November 21, 2023 981 Views 0 comment Print

CESTAT Delhi held that demand of service tax under rule 6(7) of the Service Tax Rules, 1994 by adding the amount of fuel surcharge to the air fare for the purpose of determining the basic fare unsustainable as commission was paid on air fare only and not on air fare plus fuel surcharge.

Notices on wrong email address constitutes Lack of Effective Notice & Opportunity

November 21, 2023 4557 Views 0 comment Print

Explore the ITAT Pune order on Seth Bechardas Jain Trust 80G(5) challenge. Detailed analysis of rejection, lack of notice, and violation of natural justice.

Bombay HC quashes assessment order due to non-service of physical notice for reopening

November 21, 2023 7710 Views 0 comment Print

Bombay High Court quashes assessment order due to lack of notice. Analysis of SOP compliance and the importance of assessees reasonable opportunities under Faceless Assessment.

Denial of exemption to Non-Resident for failure to submit Tax Residency Certificate: ITAT Directs Re-Adjudication

November 21, 2023 6681 Views 0 comment Print

Explore the ITAT Hyderabad order in Amol Teradale vs. ITO for AY 2020-21. Key issues include tax residency certificate, DTAA benefits, and jurisdiction challenges.

No Section 194I TDS on rental payments below threshold limit

November 21, 2023 13860 Views 2 comments Print

Explore the ITAT Chennai order in ATC (Assam) Pvt. Ltd. vs. ITO-TDS for AY 2016-17. Key issues include TDS on rental payments, interest imposition, and disallowance u/s 40(a)(ia).

No Section 14A Disallowance without Exempt Income: Delhi HC

November 21, 2023 1008 Views 0 comment Print

Delhi High Court ruling in PCIT Vs Techno Trexim (India) Pvt. Ltd. Understand the implications of the judgment on Section 14A disallowance without exempt income.

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