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Archive: 24 December 2023

Posts in 24 December 2023

AO’s Failure to Specify Section 271(1)(c) Charge Detrimental to Penalty Proceedings

December 24, 2023 528 Views 0 comment Print

Explore the confusion surrounding Section 271(1)(c) penalty in PCIT Vs Modi Rubber Ltd. (Delhi High Court). Lack of clarity on concealment or inaccurate particulars raises questions.

Violation of Business Visa conditions sufficient reason for Deportation/ blacklisting

December 24, 2023 306 Views 0 comment Print

Explore the Delhi High Court judgment on Randa Chehab’s deportation. Understand the consequences of violating business visa conditions and the legal stance on blacklisting foreigners

Agricultural Land in Wife’s Name Eligible for Capital Gain Deduction u/s 54B

December 24, 2023 6753 Views 0 comment Print

Explore the Ravinder Kumar vs ITO case at ITAT Delhi. Learn how the tribunal allowed capital gain deduction under section 54B for agricultural land purchased in the name of the spouse.

CBDT can prescribe time limit for filing application for condonation of delay: HC

December 24, 2023 2274 Views 0 comment Print

Kerala High Court dismisses a writ petition challenging the CBDT circular on condonation of delay, upholding its authority to prescribe time limits for filing applications.

Calcutta HC explains tax treatment of sub-licensing income from shops & services

December 24, 2023 441 Views 0 comment Print

Explore judgment of Calcutta High Court in case of Oberoi Building & Investment (P) Ltd. vs. CIT. Learn about tax treatment of sub-licensing income from shops and services.

HC restore GST Registration as SCN lacked reasons & violates natural justice

December 24, 2023 450 Views 0 comment Print

Delhi HC quashes GST cancellation in My Trading Overseas case, highlighting flaws in show cause notice. Upholds taxpayer’s right to a fair response.

Crucial Role of Continuous Learning for Professional Growth for Professionals

December 24, 2023 1386 Views 0 comment Print

Discover the significance of continuous learning for professionals in today’s dynamic world. Explore diverse courses and certifications to stay ahead in your career and adapt to evolving trends

Updated List of Banks For Income Tax Payments on e-Filing Portal

December 24, 2023 35061 Views 4 comments Print

Discover the comprehensive list of 26 banks available at the e-Filing Portal’s e-Pay Tax service. Find out the new and migrated banks, along with the respective dates of enablement. Simplify your tax payments with these trusted banking options.

AO Must Specify Relevant Limb of Section 271(1)(c) in Penalty Proceedings

December 24, 2023 501 Views 0 comment Print

Explore the Delhi High Court’s judgment in PCIT Vs Unitech Reliable Projects regarding Section 271(1)(c) penalties. The court emphasizes the necessity of specifying the relevant limb in penalty proceedings.

CESTAT Ahmedabad Grants Duty Remission to ONGC Petro After SEZ Fire

December 24, 2023 204 Views 0 comment Print

Read the CESTAT Ahmedabad order on ONGC Petro’s customs duty remission appeal for imported raw material destroyed in a fire at its SEZ unit. Analysis and insights included.

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December 2023