Time to file taxes. From 'how to start' to deductions, here are an expert's tips
Tax season is officially underway! Here are an expert's tips on how to start, common misconceptions, and how to find some ...
Tax Guru5h
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
Tax Guru2d
GST Assessment Order Without Assessing Officer Signature is invalid: AP HC
The government’s representative, upon investigation, confirmed that the assessment order did not contain the signature of the ...
Tax Guru1d
Deduction u/s. 10A not admissible based on defective Form 56F: ITAT Chennai
ITAT Chennai held that Form 56F not signed by an accountant, as referred in section 10A (5) of the Income Tax Act, is defective and hence deduction under section 10A of the Income Tax Act not ...
'Govt may announce tax breaks to priority sectors to spur investments’
The income tax law review is work in progress. What more could be done to simplify tax laws? Till the time the new income tax ...
Tax Guru1d
Assessee failed to check GST notice on Common Portal: HC Set-aside ex-parte demand order
State of Bihar, quashed the GST order issued against the petitioner. The petitioner challenged the order dated April 27, 2024, and the corresponding summary of the order in GST DRC-07, arguing that ...
Tax Guru1d
Section 270AA(2) Immunity cannot be denied for Belated Form-68 Application: ITAT Bangalore
Moreover, the tribunal addressed the issue of immunity sought by DACSS Granites Pvt. Ltd. under Section 270AA (2) of the Act.
Tax Guru1d
GST demand order cannot be passed against Quashed SCN: Telangana HC
Summary: The Telangana High Court ruled on a petition filed by Krishna Automotives, challenging an order dated December 27, ...
Tax Guru2d
ITAT Chennai Allows Foreign Tax Credit Despite Late submission of Form 67
As is evident, the revenue is aggrieved by grant of foreign tax credit (FTC) despite the fact that Form No.67 was not filed by the assessee within due date of filing of return of income. Having heard ...
Tax Guru1d
Form 26AS Discrepancy: ITAT allows ₹168.61 Crore TDS Credit, Directs AO to Verify Income
6.2. Accordingly, we dismiss the Revenue’s appeal as infructuous. The AO is directed to verify the updated Form 26-AS for the relevant assessment year and grant TDS credit of Rs.168,61,96,022/- as ...
Tax Guru5h
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...
Tax Guru2d
Personal Hearing Required When Adverse GST Assessment Order is Likely: Calcutta HC
Shailesh Kumar Jaiswal Vs. Joint Commissioner of State Tax (Calcutta High Court), the petitioner challenged a GST demand order for the financial year 2022-2023, asserting that it was passed without ...