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Some of the queries asked by people are given below.

45[3] etc
Excerpt of query:	7 to 8 partners introduced personally held land into a firm as own capital contribution Firm constructed warehouse for renting out. Firm reconstituted from time to time by retirement of old & admissions of new partners . No revaluation on such reconstitutions . All brought and paid only capital balance presently few new and few original partners remained in firm now if firm registers land in own name what will be tax implications in hands of frim and new /old partners ? read more

45[3] etc

Excerpt of query:

7 to 8 partners introduced personally held land into a firm as own capital contribution Firm constructed warehouse for renting out. Firm reconstituted from time to time by retirement of old & admissions of new partners . No revaluation on such reconstitutions . All brought and paid only capital balance presently few new and few original partners remained in firm now if firm registers land in own name what will be tax implications in hands of frim and new /old partners ?

GROUNDS / COUNTER SUBMISSION FOR DIFFERENCE IN ITC BETWEEN GSTR 2A AND 3B
Excerpt of query:	VARIOUS NOTICES HAS BEEN ISSUED BY GST DEPARTMENT FOR DIFFERENCE IN ITC CLAIMED IN GSTR 3B AND GSTR 2B FOR FY 2017-18 AND 2018-19. THE ASSESSEE HAD PROVIDED THE INVOICES AND PAYMENT PROOF TO THE OFFICER FOR SUCH INVOICES WHICH WERE NOT REFLECTED IN GSTR 2B. THE OFFICER DISALLOWED SUCH CREDIT NOT REFLECTED IN GSTR – 2B. IS THE ACTION OF OFFICER JUSTIFIED, IN DISALLOWING ITC OF ASSESSEE ON ACCOUNT OF MISTAKES MADE BY SUPPLIER. PLEASE PROVIDE THE GROUNDS AND ANY STANDARD DRAFT SUBMISSION FOR SAID ISSUE. read more

GROUNDS / COUNTER SUBMISSION FOR DIFFERENCE IN ITC BETWEEN GSTR 2A AND 3B

Excerpt of query:

VARIOUS NOTICES HAS BEEN ISSUED BY GST DEPARTMENT FOR DIFFERENCE IN ITC CLAIMED IN GSTR 3B AND GSTR 2B FOR FY 2017-18 AND 2018-19. THE ASSESSEE HAD PROVIDED THE INVOICES AND PAYMENT PROOF TO THE OFFICER FOR SUCH INVOICES WHICH WERE NOT REFLECTED IN GSTR 2B. THE OFFICER DISALLOWED SUCH CREDIT NOT REFLECTED IN GSTR – 2B. IS THE ACTION OF OFFICER JUSTIFIED, IN DISALLOWING ITC OF ASSESSEE ON ACCOUNT OF MISTAKES MADE BY SUPPLIER. PLEASE PROVIDE THE GROUNDS AND ANY STANDARD DRAFT SUBMISSION FOR SAID ISSUE.

Income tax Act U/s 149A SC judgement and Instructions issued by CBDT 1/2022
Excerpt of query:	Notice received on 6.4.2022 for the AY 2014-15. As per new law it is time barred. When we received the notice u/s 148A, What reply we should submit?. 1. Either we challenge before HC OR 2. Should submit reply or 3. We raise objection and submit reply under without prejudice. 4. Raise objection on validity of notice only. Please reply as per SC judgment and instructions issued by cbdt. read more

Income tax Act U/s 149A SC judgement and Instructions issued by CBDT 1/2022

Excerpt of query:

Notice received on 6.4.2022 for the AY 2014-15. As per new law it is time barred. When we received the notice u/s 148A, What reply we should submit?. 1. Either we challenge before HC OR 2. Should submit reply or 3. We raise objection and submit reply under without prejudice. 4. Raise objection on validity of notice only. Please reply as per SC judgment and instructions issued by cbdt.

CONDONATION FOR DELAY IN FILING ITAT APPEAL
Excerpt of query:	ASSESSEE FILED APPEAL WITH ITAT AFTER DELAY OF 1300 DAYS WHICH WAS DUE TO ADVISE GIVEN BY CA NOT TO FILE . LATER DURING PENALTY PROCEEDINGS , NEW LEGAL COUNSEL ADVISED TO FILE QUANTUM APPEAL IN ITAT AS LEGAL ISSUES WERE INVOLVED. HENCE APPEAL WITH APPLICATION FOR CONDONATION AND AFFIDAVIT WAS FILED . RELIANCE WAS PLACED ON APEX COURT DECISION IN THE CASE OF COLLECTOR. LAND ACQUISITION 167 ITR 471 AND 3 JURISDICTIONAL ITAT DECISIONS IN FAVOUR WERE CITED. DELAY FOR CONDONATION WAS REJECTED AND APPEAL WAS DISMISSED. WHILE DOING SO ,NONE OF THESE DECISIONS WERE CONSIDERED AND FOR REJECTION NO SPEAKING ORDER WAS PASSED. WHAT IS THE SOLUTION TO THIS ? WHETHER MISCELLANEOUS APPLICATION CAN BE FILED ? ANY OTHER WAY TO COME OUT OF THIS SITUATION? read more

CONDONATION FOR DELAY IN FILING ITAT APPEAL

Excerpt of query:

ASSESSEE FILED APPEAL WITH ITAT AFTER DELAY OF 1300 DAYS WHICH WAS DUE TO ADVISE GIVEN BY CA NOT TO FILE . LATER DURING PENALTY PROCEEDINGS , NEW LEGAL COUNSEL ADVISED TO FILE QUANTUM APPEAL IN ITAT AS LEGAL ISSUES WERE INVOLVED. HENCE APPEAL WITH APPLICATION FOR CONDONATION AND AFFIDAVIT WAS FILED . RELIANCE WAS PLACED ON APEX COURT DECISION IN THE CASE OF COLLECTOR. LAND ACQUISITION 167 ITR 471 AND 3 JURISDICTIONAL ITAT DECISIONS IN FAVOUR WERE CITED. DELAY FOR CONDONATION WAS REJECTED AND APPEAL WAS DISMISSED. WHILE DOING SO ,NONE OF THESE DECISIONS WERE CONSIDERED AND FOR REJECTION NO SPEAKING ORDER WAS PASSED. WHAT IS THE SOLUTION TO THIS ? WHETHER MISCELLANEOUS APPLICATION CAN BE FILED ? ANY OTHER WAY TO COME OUT OF THIS SITUATION?

Papers about On Money on sale of Land U/Sec. 133A of the Act 1961
Excerpt of query:	Assessee is trader of land During the course of survey U/Sec. 133A some sale deed along with note about acceptance of cash consideration is mention. Assessee accept that it is for the sale of land . Simillarly these are notings found for purchase of land also . Whether unrecorded sale consideration it will be taxed as normal business income as assessee has offer the explanation and also given the source of the same. Or it will be taxed under Sec. 115BBE. Whether assessee can Take stand that only income or application which is higher to be taxed ? Pl guide . read more

Papers about On Money on sale of Land U/Sec. 133A of the Act 1961

Excerpt of query:

Assessee is trader of land During the course of survey U/Sec. 133A some sale deed along with note about acceptance of cash consideration is mention. Assessee accept that it is for the sale of land . Simillarly these are notings found for purchase of land also . Whether unrecorded sale consideration it will be taxed as normal business income as assessee has offer the explanation and also given the source of the same. Or it will be taxed under Sec. 115BBE. Whether assessee can Take stand that only income or application which is higher to be taxed ? Pl guide .

Time limit to purchase new property to claim exemption u/s 54/54F
Excerpt of query:	For the purpose of section 54/54F r.w.s 45(2) , does the time limit to purchase the new property to claim the exemption u/s 54 and 54F apply from the date of conversion of capital asset into stock in trade or date on which stock-in-trade is sold? read more

Time limit to purchase new property to claim exemption u/s 54/54F

Excerpt of query:

For the purpose of section 54/54F r.w.s 45(2) , does the time limit to purchase the new property to claim the exemption u/s 54 and 54F apply from the date of conversion of capital asset into stock in trade or date on which stock-in-trade is sold?

bank account of HUF
Excerpt of query:	Whether the co-parcener or Manager of Hindu undivided family may be the authorized signatory in Banks account read more

bank account of HUF

Excerpt of query:

Whether the co-parcener or Manager of Hindu undivided family may be the authorized signatory in Banks account

CONDONATION OF DELAY
Excerpt of query:	As per the order of the Honourable Supreme Court, any appeal due for filing between 15.03.2020 and 28.02.2022 may be filed within 90 days from 01.03.2022. My query is whether in such as case, the appellant is required to file an application for condonation of delay. If yes, whether an affidavit is also required to be filed. Kindly guide. read more

CONDONATION OF DELAY

Excerpt of query:

As per the order of the Honourable Supreme Court, any appeal due for filing between 15.03.2020 and 28.02.2022 may be filed within 90 days from 01.03.2022. My query is whether in such as case, the appellant is required to file an application for condonation of delay. If yes, whether an affidavit is also required to be filed. Kindly guide.

strike off by roc can AO pass orders under section 144 and tax
Excerpt of query:	if in a private ltd co , strike off by roc can AO pass orders under section 144 and taxed . second question whether all receipts can be treated as income of a pvt ltd co who is builder . case laws in favour of assessee please read more

strike off by roc can AO pass orders under section 144 and tax

Excerpt of query:

if in a private ltd co , strike off by roc can AO pass orders under section 144 and taxed . second question whether all receipts can be treated as income of a pvt ltd co who is builder . case laws in favour of assessee please

Application for registration or provisional registration or intimation or approval or provisional approval u/s 12A/10(23C)/80G/35 Form No.10A
Excerpt of query:	Honorable Experts, Application for registration or provisional registration or intimation or approval or provisional approval u/s 12A/10(23C)/80G/35 Form No.10A for the A.Y. 2022-23 was unable to file before due date i.e. 31/03/2022 due some technical glitches in new I.T. Portal. Hence is there any alternative way to file the form no 10A for the A.Y. 2022-23? Kindly guide me to file the said form for the A.Y. 2022-23. Thank you, MOHAMED ALI, Tax Practitioner. read more

Application for registration or provisional registration or intimation or approval or provisional approval u/s 12A/10(23C)/80G/35 Form No.10A

Excerpt of query:

Honorable Experts, Application for registration or provisional registration or intimation or approval or provisional approval u/s 12A/10(23C)/80G/35 Form No.10A for the A.Y. 2022-23 was unable to file before due date i.e. 31/03/2022 due some technical glitches in new I.T. Portal. Hence is there any alternative way to file the form no 10A for the A.Y. 2022-23? Kindly guide me to file the said form for the A.Y. 2022-23. Thank you, MOHAMED ALI, Tax Practitioner.

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