Monthly Archives: April 2023

How to use Video Conferencing facility in Income Tax Faceless Assessment proceeding Notice I

By | April 6, 2023
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Section 115BAC Income Tax Act : New Tax Regime in Income Tax

By | April 6, 2023
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Section 115BAC Income Tax Act : New Tax Regime in Income Tax Section 115BAC Income Tax Act is also known as New Tax Regime under Income Tax. Here is the Complete information about this section. This article is written by CA satbir Singh (Contact us Taxheal@gmail.com ) Commentary on Section 115BAC Income Tax Act Section 115BAC… Read More »

Merely because sale deed had been executed subsequently section 54F benefit ca not be denied : ITAT

By | April 6, 2023
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Merely because sale deed had been executed subsequently section 54F benefit ca not be denied : ITAT IN THE ITAT CHENNAI BENCH ‘B’ Mrs. D. Vijayalakshmi v. Income-tax Officer MAHAVIR SINGH, VICE PRESIDENT AND MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER IT APPEAL NO. 3188 (CHNY.) OF 2019 [ASSESSMENT YEAR 2015-16] JANUARY  18, 2023 Anandd Babunath, (CA)-Ld AR for… Read More »

Mere issuance of assessment notice insufficient grounds to deny tax refund : High Court

By | April 6, 2023
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Mere issuance of assessment notice insufficient grounds to deny tax refund: The Delhi High Court held that a refund cannot be denied merely because taxpayer’s case is selected for scrutiny assessment or where an assessment notice has been issued. The Assessing Officer (AO) is required to give detailed and compelling reasons in writing as to… Read More »

CBDT Circular 4/2023 Clarification regarding deduction of TDS from salary under New Tax Regime I

By | April 5, 2023
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Clarification regarding deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961 Circular no 4 of 2023, dated 05-04-2023 Section 115BAC of the Income-tax Act, 1961 provides concessional tax rates for eligible assessees subject to the condition that their total income shall be computed without specified exemption… Read More »

Sikkimese defined in Income Tax only for Income-tax Act 1961 and not for any other purpose.

By | April 5, 2023
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Ministry of Finance Amendment to section 10(26AAA) of the Income-tax Act, 1961 by the Finance Act, 2023 Posted On: 04 APR 2023 5:46PM by PIB Delhi Following the Hon’ble Supreme Court’s decision in Writ Petition (C) No. 59/2013 with 1283/2021, certain amendments have been made in clause (26AAA) of section 10 of the Income-tax Act,… Read More »

GST Officer not allowed to summon customers of assessee to stop further payments to assessee u/s 70 : High Court

By | April 5, 2023
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GST Officer not allowed to summon customers of assessee to stop further payments to assessee u/s 70 : High Court HIGH COURT OF ANDHRA PRADESH Sri Sai Balaji Associates v. State of Andhra Pradesh U. DURGA PRASAD RAO AND V. GOPALAKRISHNA RAO, JJ. WRIT PETITION NO.4663 OF 2023 MARCH  7, 2023 ORDER Udpr, J. – The challenge in… Read More »

Non-submission of reply to show cause cannot be ground for cancellation GST registration : High Court

By | April 5, 2023
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Non-submission of reply to show cause cannot be ground for cancellation GST registration : High Court HIGH COURT OF ALLAHABAD Agarwal Construction Company v. Commissioner of State Tax VIVEK CHAUDHARY, J. WRIT TAX NO. 43 OF 2023 FEBRUARY  23, 2023 Somesh Tripathi and Anuj Dubey for the Petitioner. C.S.C. for the Respondent. ORDER 1. Heard learned counsel for the petitioner and… Read More »

update Profile and submit GSTIN at SSP portal by 15th April 2023 I ICAI

By | April 5, 2023
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Members & Students Services (Grievances Handling and e-Sahaayataa) The Institute of Chartered Accountants of India 1st April, 2023Announcement Updation of Member’s Profile at Self Service Portal with GSTIN The tax invoices for the membership fee and the fee for certificate of practice payable for the financial year 2023-24, is to be issued to members in… Read More »

Category: GST

Income Tax Stay application cannot be rejected simply because assessee not covered by Instruction No. 1914 : High Court

By | April 5, 2023
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Income Tax Stay application cannot be rejected simply because assessee not covered by Instruction No. 1914 : High Court HIGH COURT OF MADRAS Hemant Shantill Jain v. Assistant Commissioner of Income-tax M. SUNDAR, J. W.P. NO. 34301 OF 2022 W.M.P. NO. 33760 OF 2022 DECEMBER  22, 2022 Ms. Vandana Vyas and Ms. A. Niveditha for the Petitioner. A.P. Srinivas, Sr. Standing… Read More »