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Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23 (Effective for the AY 2022-23 and subject to amendments made by law, judiciary or administration, for the subsequent assessment years)
ICAI: Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23 (Effective for the AY 2022-23 and subject to amendments made by law, judiciary or administration, for the subsequent assessment years) Read More ...
“Approval of PCIT/CIT is mandatory to convert Limited scrutiny into Complete Scrutiny” ITAT Indore
ITAT Indore: Approval of PCIT/CIT is mandatory to convert Limited Scrutiny to Complete Scrutiny Read More ...
PCIT Chandigarh Vs ABC Papers Limited (Supreme Court)
Supreme Court of India : PCIT Chandigarh Vs ABC Papers Limited (Supreme Court) Date-18th August 2022 Sub-The Hon’ble Supreme court in this case was called upon to decide which High Court would have the jurisdiction to entertain an appeal against a decision of a Bench of the ITAT exercising jurisdiction over more than one state, particularly when case(s) of same… Read More ...
Directions/ Instructions Passed By Income Tax Dept. After Adverse Observations of Hon. Allahabad High Court in case of SR Cold Storage vs. Union of India
Pr. CCIT UP and Uttarakhand: Madam/Sir, Sub: Observation of the Hon’ble High Court in Civil Misc. Writ Petition (Tax) No. 723 of 2022 in the case of S.R. Cold Storage Vs. Union of India and others – Regarding – In reference to the above, the Sr. Standing Counsel of the department has informed that during the court proceedings the Hon’ble… Read More ...
S R Cold Storage vs. UOI and Others (Allahabad High Court)
Allahabad High Court: Rs. 50 lakhs cost imposed on the department in case of arbitrary demand and proceedings initiated on the pretext of Faceless Assessment under Income Tax. Hon. Allahabad HC rejects affidavit of Principal Chief Commissioner of Income Tax, U.P. Read More ...
Nabco Products Pvt. Ltd. vs. UOI and others (Allahabad High Court)
Allahabad High Court: In this case the assessee had submitted a reply to the notice under clause (b) of Section of Section 148A. However, the impugned order under Section 148A(d) had been passed on the ground that no reply has been submitted. The application for rectification of the mistake submitted by the petitioner u/s 154 had been rejected… Read More ...
Sahita Construction Company vs. PCIT (ITAT Indore)
ITAT Indore: that when the assessment is taken up for limited scrutiny, Ld. Pr. CIT/CIT cannot hold the assessment order as erroneous and prejudicial to the interest of revenue in respect of issue which was not a reason for selection of the case for limited scrutiny. Read More ...
Bhopal Dugdh Sangh Sahakari Maryadit vs DCIT (ITAT Indore)
ITAT Indore: ITAT Indore condones delay of 3 years and 276 days Read More ...
Commissioner of Service Tax Delhi Vs Quick Heal Technologies limited (Supreme Court)
Supreme Court: Commissioner of Service Tax Delhi Vs Quick Heal Technologies limited(Supreme Court) Date-5th August 2022 Sub-Whether development of Quick Heal brand Antivirus Software which is supplied along with the license code/product code either online or on the replicated CDs/DVDs to the end customers in India is liable for service-tax under that regime? Important judgement in relation… Read More ...
PCIT Vs Burdwan Development Authority (Calcutta high court)
Calcutta High Court: PCIT Vs Burdwan Development Authority (Calcutta high court) Date-1st August 2022 Sub-Whether project completion method followed by the assessee was in accordance with law and thus no interference was called for? The division bench of Calcutta High Court in this short judgement refused to to interfere when the Principal commissioner challenged the relief granted by… Read More ...