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The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that Section 155(14) of the Income Tax Act, 1961 could not limit the Tax Deduction at Source ( TDS ) credit if the income is correctly shown in the Income-tax Returns. The ITAT bench noted that “once TDS is deducted and deposited […]
The bunching of the show cause notice ( SCN ) is against the spirit of provisions of Section 73 of the Central Goods and Service Tax Act, 2017 ( CGST Act ), the Madras High Court recently observed. On behalf of the petitioner N.L.Rajah Senior Counsel appearing presented that the first grievance of the applicant […]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has noted that income derived from educational activities is eligible for exemption under section 10(23C)(vi) of the IT (Income Tax) Act, 1961. The Durgapur Society of Management Science, a registered educational entity under Section 10(23C)(vi) of the Act, underwent scrutiny for the Assessment Year 2018-19 […]
In the case of M/S. Vaidhe Stainless Steel Vs. Union of India Through Its Secretary Ministry of Finance, the Delhi High Court has released an order declaring the Bank Account Attachment instructions given under section 83 of the GST Act ineffective after the expiry of one year. Key Details From the Judgment The petitioner has […]
The process to comply with regard to section 83(2) of the CGST Act, 2017 when provisional attachment of property ceases to have an effect, the Central Board of Indirect Taxes and Customs (CBIC) is notified. “Keeping in view the convenience of taxpayers, the Board prescribes the procedure that in such types of situations, the Commissioner […]
The Delhi High Court has ruled that linking bank accounts is a drastic step. The process can only come into existence if the conditions are met according to Section 83 of the GST Act. The bench, comprising Justice Vibhu Bakhru and Justice Amit Mahajan, has learned that the department is not permitted to attach another […]
The Rajkot bench of the Income Tax Appellate Tribunal has ruled that, under Section 80P, the income tax deduction cannot be refused due to failure to file an Income-tax return by the deadline. The assessee is duly registered with a co-operative society under the Gujarat Co-operative Societies Act. The assessee’s primary source of revenue comes […]
The disallowance under Section 14A of the Income Tax Act does not warrant when there is no earned of an exempted income, as per the Delhi Bench of the Income Tax Appellate Tribunal (ITAT). Section 14A predicts that there must be an actual receipt of income as seen by the two-member bench of Anubhav Sharma […]
Delhi high court ruled that the GST dept to raise the attachment as that does not be a valid post to the duration mentioned under section 83 of the Central GST Act, 2017. In the former times CGST, Delhi East vide orders on 31.03.2021 provisionally attached the bank accounts and property of the taxpayer, Nitin […]
