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Search results for: Income Tax Act

Sukanya Samriddhi Yojana- SSY

Sukanya Samriddhi Yojana (SSY) Account: Guide with Revised Rules in Scheme

Image Source: Google Image Sukanya Samriddhi Yojana/Scheme is a government scheme, launched by Mr. Narendra Modi, Prime minister of India. The scheme is completely aimed for the betterment and upliftment of the girl child in the country and to save money for the girl child to gave her a good education and for taken care […]

CA Portal Website Themes

Easy to Create Eye-Catching CA, CS and Law Firm Websites

A professional website shall change your identity in the market if you are a practising CA (Chartered Accountant), CS (Company Secretary), or lawyer. A well-made website may assist you in showcasing your knowledge, establishing your brand, and bringing in new customers. The best thing is that building a website is now simpler than ever! We’ll […]

Calcutta HC’s Order In Case of Sarkar Diesel & Anr. Vs. The Deputy Commissioner State Tax

Calcutta HC: GST Advance Ruling Only Binds Applicant, No Benefit for Third Parties

The case revolves around appeals by Sarkar Diesel & Anr. against orders by the learned Single Judge in three writ petitions, where interim relief was denied. The Calcutta High Court heard the appeals and writ petitions together. Central Issue In the Case of Sarkar Diesel The problem is whether the Joint Commissioner of State Tax, […]

CBDT Appoints Ravi Agrawal as New Chairman

CBDT Gets a New Chairman Ravi Agrawal, Succeeding Nitin Gupta

In an influential administrative move, Ravi Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the supreme policy-making body for the Income Tax Department. Agrawal succeeds Nitin Gupta, a 1986-batch IRS officer, whose extended tenure concludes on June 30. New Leadership […]

Uttarakhand GST AAR's Order for M/s Stellar Cold Chain Inc

AAR Uttarakhand: NIL GST on Warehousing or Storage of Cereals, Pulses, Fruits, and Vegetables

M/s Stellar Cold Chain Inc. asked for an advance ruling u/s 97 of the Central Goods and Services Tax (CGST) Act, 2017, and Uttarakhand State Goods and Services Tax (SGST) Act, 2017. The petitioner is in the business of cold storage in Uttarakhand, processes raw green peas into frozen peas, and furnishes storage and refrigeration […]

Kolkata ITAT's Order In Case of M/s Littlestar Projects Pvt. Ltd Vs ITO

Kolkata ITAT Directs Assessee to Correct Address Due to Improper Service by the CIT or AO

Discovering that the hearing notices were not duly served via the CIT(A) or the AO and resultantly the assessment order was passed ex-parte, the Kolkata ITAT asked the taxpayer to provide its correct address before the competent authority. The Bench of Sanjay Garg (Judicial Member) and Sanjay Awasthi (Accountant Member) noted that “the assessee has […]

Mumbai ITAT's Order In the Case of Yash Synthetics Private Limited V/S Assistant Commissioner of Income Tax

Mumbai ITAT Quashes Addition Due to Lack of Proof About Money Receipt from Seized Documents

The income tax addition of Rs. 1.61 crores has been deleted by the Mumbai Bench of Income Tax Appellate Tribunal (ITAT), because the seized documents lack information as to the date and mode of receipt of “on money.” The bench of Anikesh Banerjee (Judicial Member) and B.R. Baskaran (Accountant Member) has remarked that the entries […]

WB Traders Seek New Amnesty Scheme for GST Conflicts

WB Trade Body Urges for Urgent Amnesty Scheme Resolve GST Conflicts

The Confederation of West Bengal Trade Associations a Traders association has written to Revenue Secretary Sanjay Malhotra asking for an amnesty scheme for Goods and service tax issues. As per the council, the small businesses could not align with the revisions that the government made to the GST via distinct amendments in the acts and […]

GST Instructions No. 01/2024 for Recovery Proceedings

CBIC Issues Instructions No. 01/2024 for Recovery Proceedings Under GST

CBIC has stated that the Principal commissioner or commissioner-level officers could provide the directions to recover the GST dues within the said 3 months of serving the demand order. Under the GST statute, when a taxable individual does not file the amount stated under an order passed under the CGST act within 3 months from […]

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