Daily Archives: April 15, 2023

Reassessment initiated based on non-existent transaction of purchase of immovable property is invalid : High Court

By CA Satbir Singh | April 15, 2023

Reassessment initiated based on non-existent transaction of purchase of immovable property is invalid : High Court HIGH COURT OF RAJASTHAN Rajhans Processors v. Union of India SANDEEP MEHTA AND KULDEEP MATHUR, JJ. D.B. CIVIL WRIT PETITION NO. 16985 OF 2021 FEBRUARY 8, 2023 Sharad Kothari for the Petitioner. K.K. Bissa for the Respondent. ORDER Sandeep Mehta, J. – The petitioner has… Read More »

Income Tax Appeal can not be rejected just because filed manually instead of electronically : ITAT

By CA Satbir Singh | April 15, 2023

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Income Tax Appeal can not be rejected just because filed manually instead of electronically : ITAT IN THE ITAT RAJKOT BENCH LRs Management v. Deputy Commissioner of Income-tax (International Taxation), Gujarat SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER AND SMT. MADHUMITA ROY, JUDICIAL MEMBER IT APPEAL NO. 300 (RJT) OF 2017 [ASSESSMENT YEAR 2013-14] FEBRUARY 15, 2023 Manish… Read More »

Gold and Silver rates as on March 31 2023

By CA Satbir Singh | April 15, 2023

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Gold and Silver rates as on March 31 2023 The Gold and Silver rates as on March 31, 2023 are out. Rate of Gold Rate of gold (995 standard 24 carats) is Rs. 59,512 per 10 grams and Rate of gold (999 standard 24 carats) is Rs. 59,751 per 10 grams and Raate of Silver… Read More »

Updated Advisory: Time limit for Reporting Invoices on the IRP Portal

By CA Satbir Singh | April 15, 2023

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Updated Advisory: Time limit for Reporting Invoices on the IRP Portal 13/04/2023 Dear Taxpayers, 1. It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores. 2. To… Read More »

New Change in Income Tax I Download 26QB form efiling website I CA Satbir Singh

By CA Satbir Singh | April 15, 2023

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New Change in Income Tax I Download 26QB form efiling website I CA Satbir Singh form 26qb,form 26qb tds online,tds on sale of property form 26qb,how to file form 26qb,form 26qb filling,26qb filing,form 26qb multiple buyers,how to file form 26qb online,form 26qb filling instructions,26qb how to fill,filing form 26qb,26qb,how to fill form 26qb online,form 26qb… Read More »

Form 52A is now available for filing on Income tax efiling website

By CA Satbir Singh | April 15, 2023

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Form 52A is now available for filing Form 52A is now available for filing vide Notification No.109/2022 dated 14th September 2022. FORMNO.52A [Seerule121A] Statementto be furnishedundersection285Bof the Income-tax Act, 1961 by a person carrying onproductionofacinematographfilmorengagedinspecifiedactivityorbot Refer Notification

Taxpayer can not file income tax appeal and writ petition simultaneously : High Court

By CA Satbir Singh | April 15, 2023

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Taxpayer can not file income tax appeal and writ petition simultaneously : High Court HIGH COURT OF GUJARAT Indo Colchem Ltd. v. Deputy Commissioner of Income-tax MS. SONIA GOKANI AND SANDEEP N. BHATT, JJ. R/SPECIAL CIVIL APPLICATION NO. 519 OF 2023 JANUARY 16, 2023 Nitin K. Mehta for the Appellant. ORDER Ms. Sonia Gokani, J. – The petitioner is… Read More »