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Archive: 24 March 2024

Posts in 24 March 2024

Section 2(22) Not Applicable to Non-Beneficiary Shareholders: ITAT Kolkata

March 24, 2024 360 Views 0 comment Print

In DCIT Vs Eko Diagnostic Pvt. Ltd., ITAT Kolkata rules that Section 2(22) of Income Tax Act doesn’t apply to non-beneficiary shareholders in loan-receiving companies.

Section 148A Procedure Not Applicable in Cases Covered by Section 132A: Kerala HC

March 24, 2024 837 Views 0 comment Print

Explore Muhammed C K Vs ACIT case, challenging notices under Section 148 of Income Tax Act. Analysis of legal procedure and High Court ruling.

ITAT Dismisses Appeal as Income Tax Dept. Fails to File Timely with No Explanation for delay

March 24, 2024 318 Views 0 comment Print

Income Tax Dept. fails to file appeal on time, ITAT dismisses appeal citing insufficient explanation for delay. Detailed analysis of the case.

Body Massager cannot be Classified as Adult Sex Toy: Bombay HC

March 24, 2024 1236 Views 0 comment Print

Bombay High Court overturns ruling categorizing body massager as adult sex toy, finding officer’s perception not backed by law. Read the detailed analysis.

ITAT Directs AO to Verify Claim of Government Holidays Delaying PF & ESI Remittance

March 24, 2024 699 Views 0 comment Print

Read how ITAT Chennai directs re-adjudication in the dispute over remittance of employees’ contributions towards Provident Fund and ESI in Gurusamy Aadhinarayanan Vs ITO case.

Delhi HC Directs Consideration of Interest on DVAT Refund: Vimal Electrical Pvt Ltd Case

March 24, 2024 246 Views 0 comment Print

Vimal Electrical Pvt Ltd Vs Commissioner of Vat & Anr (Delhi High Court) Introduction: The case of Vimal Electrical Pvt Ltd versus the Commissioner of VAT & Anr, heard by the Delhi High Court, pertains to a refund sought under the Delhi Value Added Tax Act (DVAT) for the tax period from January 1, 2017, […]

Mere Allowable Deductions Variance is not Inaccurate furnishing of Income Particulars

March 24, 2024 546 Views 2 comments Print

Explore the Bombay High Court’s ruling on PCIT vs. ICICI Bank Ltd regarding accuracy in income reporting and the deletion of penalties under Section 271(1)(c) of the IT Act.

HC Quashes GST Order Over ITC Mismatch, Citing Lack of Hearing Opportunity

March 24, 2024 861 Views 0 comment Print

Delhi High Court quashes GST order against Suresh Kumar Jain, citing lack of opportunity for a personal hearing and insufficient consideration of the petitioner’s reply.

ITAT Directs AO to Verify Claim of Fabricated Financial Statements of Assessee

March 24, 2024 354 Views 0 comment Print

ITAT Chennai directs AO to investigate fabricated financial statements regarding share application money, overturning CIT(A) decision. Read the full order.

Eligibility and process of Registration of Society

March 24, 2024 2850 Views 0 comment Print

Learn how to register a society in India, from documentation to obtaining the Certificate of Society Registration. Understand the purpose, naming conventions, and annual compliance requirements.

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