Rectification Order Levying Interest Under Section 234A Struck Down as E-Verification Relates Back to Return Filing Date Issue Whether an Assessing Officer can pass a rectification order under Section 154 to recompute and levy interest under Section 234A on the ground that the return of income was e-verified on a later date, despite the return… Read More »
Ad Ad Hoc Disallowance of Purchases and Business Expenses Is Unsustainable Without Independent Verification or Defect in Books Issue Whether the Assessing Officer is justified in making an ad hoc disallowance of 50% of purchases under Section 69C and ad hoc disallowances of labor/salary and business expenses under Section 37(1), without conducting independent inquiries, issuing… Read More »
Unanswered Commission Claims and Excess Section 14A Disallowance Restricted While 60% UPS Depreciation Allowed Issue Whether commission/brokerage expenses can be allowed where the Assessing Officer (AO) failed to issue Section 133(6) notices, and conversely, whether expenses should be disallowed for parties who received notices but failed to reply. Whether Rule 8D for Section 14A disallowance… Read More »
Supreme Court stays order holding physical service dates override electronic portal service dates for GST appeal limitations. Supreme Court stays order holding physical service dates override electronic portal service dates for GST appeal limitations. Issue Whether the date of physical/offline communication of a GST notice or order prevails over the date of electronic service on… Read More »