Powerd By SAG INFOTECH
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Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2024 on July 23. Yesterday, Sitharaman participated in the Halwa ceremony, which marks the final stage of budget preparation and precedes the lock-in process for officials involved in the budget. The ed-tech sector has high expectations from the budget 2024, including hopes for reduced […]
The Supreme Court is ready to investigate the problem of the applicability of the provisions of tax deduction at source (TDS) on the allowances furnished before judicial officers under the Second National Judicial Pay Commission (SNJPC). The same issue has been analyzed via the Court in the All India Judges Association case in which it […]
A Bengaluru-based chartered accountant (CA) in between the rush to file the ITR before July 31 has a funny take on Infosys founder Narayana Murthy’s famous suggestion, encouraging young professionals to work 70 hours a week to build the country. While angering on X Basu (@Basappamv) mentioned that even after working for more than 70 […]
The Karnataka High Court in a judgment quashed the criminal proceedings alleging a fake ITR with a bogus Chartered Accountant (CA) seal, mentioning jurisdictional problems. The petition was being filed contesting the enrollment of a First Information Report which has culminated in the filing of a charge sheet. Taxpayer No.1 Vidya Sachitanand Suvarna was a […]
It was ruled by The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) that no reopening can take place after the expiry of four years from the end of the relevant assessment year unless any income levied to tax has escaped assessment for the reasons of the failure on the taxpayers part to reveal truly […]
A tax demand order against M/S Jain Medicals has been set aside by the Allahabad High Court quoting the refusal of a chance for an oral hearing as obligated Under Section 75(4) of the U.P. GST Act, 2017. On 05.12.2023, M/s Jain Medicals filed a writ petition contesting an order issued via the income tax […]
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, […]
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 […]
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 […]
