The present appeal is preferred by the revenue challenging quashing of the notice u/s. 148 of the Income Tax Act. Revenue has mainly contested that CIT (A) has quashed the notices on the ground that it is barred by limitation.
ITAT Nagpur held that when a liquidation order has been passed, no suit or other legal proceedings shall be instituted by or against the corporate debtor. Thus, IBC Code will override anything inconsistent contained in any other enactment, including Income Tax Act.
CIT(A) confirmed the addition to the extent of Rs.1.42 crores and remaining addition of Rs.3.35 crores, which was closing balance of loans were deleted. Further aggrieved, the revenue has filed present appeal before the Tribunal.
During the course of assessment proceedings, AO noticed that there was cash deposit of Rs. 36,48,000/- and credit entries of Rs. 21,93,269/-. AO observed that inspite of repeated reminders, assessee failed to submit the reply.
Government amends GST Appellate Tribunal notifications, redefining jurisdiction of benches across various states and union territories. Details of affected districts included.
Learn about GST return scrutiny under Section 61 of the CGST Act, 2017. Understand the process, objectives, and key areas of compliance for registered taxpayers.
Kerala HC mandates probe into remarks by ex-minister Saji Cherian allegedly disrespecting the Constitution, emphasizing the Prevention of Insults to National Honour Act.
Supreme Court highlights risks of trial courts being influenced by inadmissible police confessions in prosecution witness depositions.
Explains tax compliance under the Income Tax Act, 1961, focusing on employees’ non-liability for employer’s TDS deposit failures, with key court rulings and provisions.
Learn how to report TDS deducted by scrap dealers in October 2024 under GST. Consolidate amounts in the November 2024 GSTR-7 return as per GSTN guidelines.
