In any case, even if two-three queries out of forty five queries are found to be unwarranted, as sought to be submitted by Mr.Soparkar, the entire order giving directions can not be set aside treating it to be a nullity. In that view of the matter, both the petitions being devoid of merits deserve to be dismissed.… Read More »
Ministry of Finance Income Tax Department conducts searches in Maharashtra and Goa Posted On: 28 AUG 2021 The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than… Read More »
HIGH COURT OF MADRAS Deputy Commissioner of Income Tax, Corporate Circle-1(1) v. Daimler India Commercial Vehicles (P.) Ltd. N. KIRUBAKARAN AND P. VELMURUGAN, JJ. WRIT APPEAL NO.1616 OF 2018 & OTHS. AUGUST 19, 2021 Mrs. Hema Muralikrishnan, Sr. Standing Counsel for the Appellant. Ajay Vohra, Sr. Counsel and N.P. Vijay Kumar for the Respondent. Download Judgment Click here
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th August, 2021 PRESS RELEASE Download Rules Click here Framing of rules for the amendments made by the Taxation Laws(Amendment) Act, 2021 The Taxation Laws (Amendment) Act, 2021 (2021 Act), which received the assent of the President on the… Read More »
the assessee has made payments subsequently, but, not utilised the capital gain amount lying in the capital gain account scheme before the specified date. Therefore, the action of the ld. CIT(A) confirming the addition in my opinion is justified. The various decisions relied on by the ld. counsel for the assessee are distinguishable and not… Read More »
HIGH COURT OF MADRAS R.S.Suriya v. Principal Commissioner of Income Tax, Central-2, Chennai S.M. SUBRAMANIAM, J. W.P. NO. 31785 OF 2018 AUGUST 4, 2021 S. Raveekumar for the Petitioner. A.P. Srinivas, Sr. Standing Counsel for the Respondent. ORDER 1. The lis on hand is instituted questioning the legal sustainability of the rejection order passed by the first respondent with reference to… Read More »
Alert for Bank Customers I Facilities will Not be availalle if this Income Tax Complaince not Done
ICAI is the 2nd largest body of Chartered Accountants in the World. Sharing with you a chart giving the breakup of members of your own Institute; Region-wise as on 1st April 2021. FCA – Fellow Chartered Accountant ACA – Associate Chartered Accountant PFT – Practice – Full Time PPT – Practice – Part Time NIP… Read More »
New Update for ITR Filing AY 2021 22 I Income Tax Portal I CA Satbir Singh
Income Tax on Gratuity Calcuations AY 2021-22 I Retirement Benefits I CA Satbir singh