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The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), in a ruling, adopted a compassionate approach in condoning a delay of 848 days in filing an appeal, after the appellant’s Income Tax Consultant tragically passed away during the COVID-19 pandemic. The assessment order for AY 2015-16 has been contested by the applicant, Subodh Adhikary, […]
The Madras High Court in a ruling, set aside the demand order on Rs. 2 lakhs pre-deposit condition. The court witnessed that GST (Goods and Services Tax) returns were not filed and the taxes were not filed at the time of the COVID period due to numerous reasons. The applicant, Nagoorar Enterprises claimed that he […]
As the assessee’s non-appearance was judged to be dishonest, the Calcutta High Court recently rejected to quash and set aside the judgment reached by the Additional Commissioner, Central Goods and Services Tax (CGST), and Central Excise against the assessee. In response to the Show Cause Notice issued against the assessee according to Section 73 of […]
The Central Board of Direct Taxes (CBDT) provided in a circular dated 7th Dec, that the value of medical treatment furnished to the employee or any member of his family in any hospital that the employer maintained via the employer or any sum furnished via an employer for any expenditure made via the employee on […]
The Central Board of Direct Taxes (CBDT) has circulated the conditions to claim the income tax deduction for the expenses made on covid-19 treatment. The Finance bill 2022 would furnish a separate income tax deduction for the treatment of Covid-19. Clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 (the Act) […]
For the taxpayer ruling the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri N. V. Vasudevan, Vice President, and Shri Chandra Poojari, accountant member sees that the fact that taxpayer losses to answer to income tax notices because of pandemic situation is a reason for the delay and hence rendered the income […]
Covid-19 medicines and instruments are sold at a GST rate of 5% while the additional medicines are being sold at a GST rate between 5% to 12% ever since the pandemic begin, Central minister of state for the Finance Pankaj Chaudhary mentioned in the Lok Sabha. Chaudhary indeed mentioned that 66% of the government-sponsored health […]
On Tuesday CBDT (The Central Board of Direct Taxes) expanded the last date of income tax return (ITR) submitting for Assessment year 2021 -22 until March 15, 2022, for certain taxpayers who are entitled to an audit, said by the Ministry of Finance asked. “On consideration of difficulties reported by the taxpayers and other stakeholders […]
Covid-19 has influenced people all across the world in a bigger way. It produces an effect on the financial state of the people living in the world. Towards the medical treatment for those who get influenced through covid-19. Here, we have mentioned all details about income tax refund of TDS deducted on medical treatments for […]
