Facelsss Assessment not valid if Draft Assessment order not issued to assessee : HC HIGH COURT OF BOMBAY Chander Arjandas Manwani v. National Faceless Assessment Centre K.R. SHRIRAM AND M.S. KARNIK, JJ. WRIT PETITION NO. 3195 OF 2021 SEPTEMBER 21, 2021 Dharan V. Gandhi for the petitioner. Sham V. Walve and Pritish Chatterjee for the Respondent. Petitioner had fled returns for AY… Read More »
Income Tax Department conducts searches in Maharashtra Posted On: 27 SEP 2021 The Income Tax Department carried out a search and seizure operation on 23.09.2021 on a group of four major Steel Rolling Mills based in Jalna, Maharashtra. These companies are engaged in the business of manufacturing steel TMT bars and billets mostly using steel… Read More »
Depreciation and Expenses allowed on Car purchased in Director name IN THE ITAT AHMEDABAD BENCH ‘C’ Income-tax Officer, Ward-1(1)(2), Ahmedabad v. Bajaj Herbals (P.) Ltd. MS. MADHUMITA ROY, JUDICIAL MEMBER AND WASEEM AHMED, ACCOUNTANT MEMBER IT APPEAL NOS. 2349 (AHD) OF 2015 [ASSESSMENT YEAR 2009-10] JULY 15, 2021 L.P. Jain, SR DR for the Appellant. Tushar Hemani, Sr.… Read More »
New GST Changes from 24th September 2021 I New Notifcations issued by CBIC I CA Satbir Singh
GST Circular No 162/18/2021 GST Circular No. 162/18/2021-GST F. No. CBIC-20001/8/2021-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, dated the 25th September, 2021 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Directors General/ Directors… Read More »
GST Notification No. 36/2021 Central Tax Seeks to amend Notification No. 03/2021 dated 23.02.2021 NOTIFICATION New Delhi, the 24th September, 2021 No. 36/2021–Central Tax G.S.R. 660(E).—In exercise of the powers conferred by sub-section (6D) of section 25 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations… Read More »
GST Notification No 35/2021 Central Tax GST Notification No 35/2021 Central Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 24th September, 2021 No. 35/2021–Central Tax G.S.R. 659(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th September, 2021 INCOME-TAX G.S.R. 661(E).—In exercise of the powers conferred by sub-section (2) of section 92CB read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More »
New Rules for Current Bank Account opening I CA Satbir Singh
Guidelines for Implementation of the circular on Opening of Current Accounts by Banks RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21… Read More »