Summary of cross appeals involving VAT disallowances under Section 43B for AY 2018-19, addressing accounting methods, CIT(A) decision, and case law reliance.
Bombay HC grants interim relief in JD Printers re-assessment case, opting for a different approach than in Hexaware. Notice and proceedings stayed.
Gujarat High Court ruled on the refund of IGST for Aim Worldwide Pvt. Ltd., addressing issues with higher duty drawback and circulars affecting zero-rated supplies.
The online application portal for Empanelment with UCO Bank of CA firms for Concurrent Audit will remain open from 09.09.2024 (10:00:00 hrs) to 16.09.2024 (16:59:59 hrs). Engagement of Chartered Accountant for conducting Concurrent Audit of UCO Bank [FOR THE PERIOD 01-10-2024 TO 30-09-2025] Last date for submission of application is 16-09-2024 16:59:59 hrs NOTIFICATION | Annexure-I | Annexure-II | Dos and […]
The court found that the delay was not intentional but resulted from the notices being uploaded online without hard copies being served. Considering these factors and the submission that the delay was due to bona fide reasons, the High Court decided to condone the delay.
Delhi HC rules GST cancellation order invalid due to insufficient reasoning in the SCN, reversing the registration’s ab initio cancellation.
Delhi HC directs expedited cancellation of GST registration for B.R. Enterprises, clarifying that assessment of tax should not delay the process.
Treatment of income from different sources Each income has different source of earning and so the provisions for its taxability. Income-tax Act provides for five heads of incomes for computation of taxable income, viz., Salary, Income from House Property, Income from Business or Profession, Capital Gain and Residual Income. Provisions contained under each head of […]
Depreciation Rate Chart under Companies Act, 2013 as per SCHEDULE II, including useful lives for computation. Analysis of Schedule II and guidelines for assets.
Tax calculation under Section 115BBE is a rectifiable error under Section 154, not Section 263, as it’s not derived from an Assessment order
