GST registration can not be cancelled retrospectively if Taxpayer not informed about it in Notice : Delhi HC Show Cause Notice also does not put the petitioner to notice that the registration is liable to be cancelled retrospectively. Accordingly, the petitioner had no opportunity to even object to the retrospective cancellation of the registration. In view of… Read More »
ICAI book Saransh – Last Mile Referencer for Indirect Tax Laws To reach out to its students and members across the nation, the BoS (Academic) has come out with a comprehensive booklet ‘Saransh Last Mile Referencer’ for different subjects. In continuation, BoS (Academic) is coming out with Saransh for Indirect Tax Laws under the new… Read More »
ICAI book Saransh – Last Mile Referencer for Direct Tax Laws and International Taxation ICAI has come out with a comprehensive booklet ‘Saransh – Last Mile Referencer for different subjects. This booklet encapsulates significant provisions of (i) Direct Tax Laws and (ii) International Taxation, by way of diagrams, flow charts, tables and pictorial representation. This… Read More »
Income Tax can not be recovered from Employee if Employer failed to deposit TDS : High Court Summary The petitioner having accepted the salary after deduction of income tax at source had no further control over it in the sense that thereafter it was the duty of his employer acting as tax collecting agent of… Read More »
Direct Tax collections at 80.61% of total Budget Estimates of Direct Taxes for F.Y. 2023-24 upto 10.01.2024 Gross Direct Tax collections at Rs. 17.18 lakh crore with Y-o-Y growth of 16.77%, as on 10th January, 2024 Direct Tax collection, Net of refunds stands at Rs. 14.70 lakh crore with Y-o-Y growth of 19.41% Net Corporate… Read More »
Income Tax notice can be issued based on Material available on records of Income Tax department : High Court Summary The entire material, which has been collected by the authority, does not contain any material to even remotely suggest that the total income which according to them escaped assessment is more than Rs. 50,00,000/-. The… Read More »
Income Tax Notice not valid as approval not taken from Principal Chif commissioenr Bombay High Court Satisfaction of Additional Commissioner, Range 3(2), Mumbai has been obtained whereas under section 151, the sanction for re-opening an assessment beyond the period of four years should have been of the concerned Principal Chief Commissioner or Chief Commissioner or… Read More »
NRI not required to disclose any Asset held outside India in ITR : ITAT IN THE ITAT MUMBAI BENCH ‘I’ Ms. Amrita Jhaveri v. Deputy Commissioner of Income-tax (IT)* AMIT SHUKLA, JUDICIAL MEMBER AND S. RIFAUR RAHMAN, ACCOUNTANT MEMBER IT APPEAL NOS. 6095 & 6096 (MUM.) OF 2016 [ASSESSMENT YEARS 2006-07 & 2007-08] MAY 9, 2023… Read More »
Income tax Notice not sent on registered email Id hence not valid Karnatka High Court The contention raised on behalf of the petitioner deserves acceptance to the extent that notice ought to have been issued to the Email ID furnished at Annexure-‘D’ and not otherwise. The notices sent to the Email ID which is not… Read More »
Notice to be issued Physically if registered email ID not available : bombay HIGH COURT HIGH COURT OF BOMBAY Fayeza Muffadal Contractor v. National Faceless Assessment Centre K.R. SHRIRAM AND NEELA GOKHALE, JJ. WRIT PETITION NO.3937 OF 2022 OCTOBER 31, 2023 Devendra H. Jain, Ashwin Jain and Ms. Radha Halbe for the Petitioner. Suresh Kumar for the Respondent. ORDER Petitioner is impugning… Read More »