ITAT Chennai held that Form 56F not signed by an accountant, as referred in section 10A(5) of the Income Tax Act, is defective and hence deduction under section 10A of the Income Tax Act not admissible. Accordingly, appeal of revenue allowed.
Punjab and Haryana High Court held that rejection of claim of exemption under section 80G not based upon any substantial evidence is not tenable in law. Accordingly, writ petition is allowed.
Andhra Pradesh High Court held that rule 86A of the Central Goods and Services Tax Rules permits blocking of credit which has been wrongfully utilized, whether it is actually available in the credit ledger or not. Thus, writ petition dismissed.
Learn practical tips to use credit cards wisely, from choosing the right card to tracking spending and boosting credit score for better money management.
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BPS Mineral Exports Pvt. Ltd. Vs ITO (ITAT Ahmedabad) In the case of BPS Mineral Exports Pvt. Ltd. vs ITO, the Income Tax Appellate Tribunal (ITAT) Ahmedabad addressed an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals) (CIT(A)) for the assessment year 2016-17. The dispute centered around the […]
MP High Court upholds divorce on grounds of cruelty as wife’s false dowry allegations and refusal to cohabitate are deemed mental cruelty towards her husband.
Vatan Textiles Ltd.’s appeal against penalties for delayed annual return filing was rejected due to late submission. RoC Mumbai’s order confirmed.
Vatan Textiles’ appeal against penalties for delayed financial statement filing was rejected by the Regional Director, Mumbai, due to exceeding the filing deadline.
ITAT Surat rules against PCIT’s revision under Section 263, stating the Assessing Officer’s view on Unique Polypack transactions was legally sustainable.
