Daily Archives: May 12, 2020

No additions u/s 68 on basis of search on third party, if AO has not conducted any independent enquiry : ITAT

By | May 12, 2020

No additions u/s 68 on basis of search on third party, if AO has not conducted any independent enquiry : ITAT IN THE ITAT KOLKATA BENCH ‘B’ Modern Malleables Ltd. v. Deputy Commissioner of Income Tax P.M. JAGTAP, VICE PRESIDENT AND A.T. VARKEY, JUDICIAL MEMBER IT APPEAL NO. 2548 (KOL.) OF 2019 [ASSESSMENT YEAR 2013-14] MARCH… Read More »

AO can not make disallowances if it was not part of Remand proceedings : HC

By | May 12, 2020

AO can not make disallowances if it was not part of Remand proceedings : HC The Tribunal takes the view that section 44AD of the Act is not applicable. It directed the assessee to attend the assessment proceedings and justify its case on lower rate of profit in accordance with its books of account. The… Read More »

No disallowance u/s sec. 14A if No Exp incurred to earn exempt income : HC

By | May 12, 2020

No disallowance u/s sec. 14A if No Exp incurred to earn exempt income : HC HIGH COURT OF KARNATAKA Commissioner of Income-tax v. Syndicate Bank ALOK ARADHE AND RAVI V. HOSMANI, JJ. IT APPEAL NOS. 97 & 99 OF 2010 JANUARY  17, 2020 K.V Aravind, Adv. for the Appellant. T. Suryanarayana, Adv. for the Respondent. JUDGMENT   Alok Aradhe, J. –… Read More »

Remote access to GST application to all officers given by Goa Central GST Commissionerate

By | May 12, 2020

Ministry of Finance Effective use of technology enables Goa Central GST Commissionerate to administer Taxation remotely Posted On: 09 MAY 2020 4:26PM by PIB Mumbai COVID19 Pandemic saw business transitioning to remote work and building efficient strategies thereof. Central GST Commissionerate Goa swiftly adopted technologies of remote work so that businesses are kept buoyant and… Read More »