IN THE ITAT NAGPUR BENCH Chandra Suresh Kothari v. Deputy Commissioner of Income-tax SANDEEP GOSAIN, JUDICIAL MEMBER AND O.P. KANT, ACCOUNTANT MEMBER IT APPEAL NOS. 125 & 126 (NAG.) OF 2021 [ASSESSMENT YEARS 2014-15 & 2015-16] DECEMBER 20, 2021 Hitesh P. Shah , (CA) for the Appellant. Pradeep Hedaoo, (CIT-DR) for the Respondent. ORDER Sandeep Gosain, Judicial Member. – Both these… Read More »
ITC is blocked on assignment rights of an industrial plot : AAR AUTHORITY FOR ADVANCE RULINGS, GUJARAT J M Chemicals Trade Name Manjuben Rameshchandra Gupta (Legal Name), In re SANJAY SAXENA AND ARUN RICHARD, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/55 OF 2021 (IN APPLICATION NO. ADVANCE RULING/SGST & CGST/2021/AR/29) OCTOBER 18, 2021 Darshan D. Jain, CA for the Applicant.… Read More »
Taxpayer Experience Office formally established to improve service across the IRS WASHINGTON – As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort. “As the IRS continues taking immediate steps this filing season including… Read More »
Face-to-face IRS help available in more than 30 cities on Saturday, March 12 WASHINGTON – The Internal Revenue Service today announced that many Taxpayer Assistance Centers (TACs) will offer face-to-face Saturday help without an appointment from 9 a.m. to 4 p.m. on Saturday, March 12. Normally TACs are only open weekdays. “Being open on select Saturdays is… Read More »
When to use Forms 1099-MISC and NEC Video Watch the new video, When to use Forms 1099-MISC and NEC, to know when to use Form 1099-MISC, Miscellaneous Information and Form 1099-NEC, Nonemployee Compensation. The video covers the 2021 updates to both forms.
Auto-population of e-invoice details into GSTR-1 03/03/2022 Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on the Invoice Registration Portal… Read More »
No Penalty even if E-Way Bill Expired : High Court Calcutta High Court Ashok Kumar Sureka Vs Assistant Commissioner WPA No. 11085 of 2021 01/03/2022 Heard learned advocates appearing for the parties. In this writ petition, petitioner has challenged the impugned order of the appellate Commissioner dated March 18, 2021 confirming the original order dated… Read More »
No Prosecution if two PAN numbers allotted to assessee HIGH COURT OF MADRAS Sudhir Kumar Hasija v. Assistant Commissioner of Income-tax N. SATHISH KUMAR, J. CRL. O.P. NO. 27922 OF 2017 CRL. M.P. NOS. 15886 AND 15887 OF 2017 DECEMBER 14, 2021 S. Santosh for the Petitioner. N. Bhaskaran, Special Public Prosecutor for the Respondent. ORDER 1. This petition… Read More »
IRS update regarding recent electronic filing challenges in connection with Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations WASHINGTON — The IRS is aware of a third-party software issue affecting qualifying farmers and fishermen attempting to electronically file Forms 7203. Qualifying farmers and fishermen are those who are not subject to an addition… Read More »
IRS updates frequently asked questions for Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021 WASHINGTON — The Internal Revenue Service today updated its frequently asked questions (FAQs) on Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After… Read More »