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In a ruling, the Income Tax Appellate Tribunal (ITAT), Raipur bench has instructed the Income Tax Department to allow the delayed filing of Form 10B. However, the condition was provided by the bench that it should be filed before the “due date” of filing of return of income under Section 139 of the Income Tax […]
In this article, we have discussed the new tax regime that allows you to set zero tax liability if you earn up to 10 lakhs from rental income. Under the new tax regime the tax-free income limit– The latest tax regime has been incorporated in India which allows people to optimize their tax savings with […]
For filing the explanation on the due queries that the Goods and Services Tax authorities have refused, a Single Bench of Madras High Court permitted an extension of 30 days to Exide Industries in a recent ruling. The bench of Justice P.B. Balaji, the impugned orders would not discuss the extension cause of time at […]
Two member-bench of the Telangana Authority for Advance Ruling (AAR), S.V. Kasi Visweswara Rao and Sahil Inamdar, unanimously ruled that using prefabricated technology for shed construction is not eligible for input tax credit (ITC) under the Goods and Services Tax (GST). According to the applicant, M/s. Sanghi Enterprises, they are building a shed on leased […]
The department submitted the Form GST DRC-01 to the GST Portal but it was not noticed by the assessee. Therefore, the Calcutta High Court permitted the time-barred appeal. The assessee, SSB Petro Products & Ors questioned the instructions dated 16-01-2023 issued in WPA 29 of 2023. The applicant had questioned the directive cleared by the […]
With respect to the GST input tax credit refund claimed on the inputs of electric vehicle manufacturing, the Orissa high court filed a writ petition before it rendered the refund of the balance claim amount. The stated observation was incurred by the Orissa High Court when the writ petition was furnished before it via the […]
The late return could not get submitted post lapse of 1 year from the finish of the assessment year (AY), the income tax appellate tribunal (ITAT), Jodhpur Bench. The stated observation was made by the Jodhpur ITAT at the time when the petition was preferred before it via the taxpayer as against the order of […]
The payment was provided as an appreciation to the employee, according to the Pune Bench of the Income Tax Appellate Tribunal (ITAT). Therefore, it does not prove the relevancy under Section 17(3)(iii) of the Income Tax Act. The bench, comprised of two judges, R.S. Syal (Vice President) and Partha Sarathi Chaudhary (Judicial Member), have noted […]
The Orissa High Court held the Central Board of Direct Taxes (CBDT) for issuing the circular as the taxpayer is not able to file an ITR because of technical issues. Mr J. Sahoo, Senior Counsel for All Odisha Tax Advocates Association, the applicant places before the Court copy of the judgment on 13th January 2021 […]
