Monthly Archives: August 2021

No Addition can be done by Income Tax Officer if register of property done after one year : ITAT

By | August 27, 2021

IN THE ITAT KOLKATA BENCH ‘SMC’ Ashutosh Jha v. Income-tax Officer, Ward 2(5), Ranchi SANJAY GARG, JUDICIAL MEMBER IT APPEAL NO. 188 (RANCHI) OF 2019 [ASSESSMENT YEAR 2014-15] APRIL  30, 2021 Smt. Chinmaya Aurangabadkar, JCIT, Sr. DR for the Respondent. ORDER 1. The present appeal has been preferred by the assessee against the order dated 30-10-2018 of the… Read More »

E-learning courses by ICAI for Members : which are totally free of any charges

By | August 27, 2021

The Committee on International Taxation (CITAX) of ICAI has brought out new and revised e-learning courses which are totally free of any charges for updating and enhancing the knowledge of members in the field of International Taxation. The said e-learning modules are availble at ICAI Digital Learning Hub (DLH), on completeion of which the member would get 2 Structured CPE Hours for each e-course. … Read More »

Advisory on HSN and GSTR-1 Filing

By | August 27, 2021

Advisory on HSN and GSTR-1 Filing 26/08/2021 1.In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from 1st April, 2021 on the below mentioned lines. S.No Aggregate… Read More »

Category: GST

Estimation of probable sales by AO on the basis of packing material consumed by the assessee is not justified : HC

By | August 25, 2021

HIGH COURT OF MADRAS Commissioner of Income-tax, Chennai v. Paul Devaraj T.S. SIVAGNANAM AND MS. R.N. MANJULA, JJ. TAX CASE APPEAL NO.236 OF 2021 APRIL  1, 2021 Mrs. R. Hemalatha, SSC for the Appellant. A.S. Sriraman for the Respondent. JUDGMENT T.S. Sivagnanam, J. – This appeal has been filed by the Revenue under section 260A of the Income-tax Act, 1961 (‘the… Read More »