Monthly Archive: January 2022

Deduction u/s 80DD of the income tax act FCA BPMUNDRA 9314501680

Deduction u/s 80DD of the income tax act FCA BPMUNDRA 9314501680 1. Meaning of Dependant A. When assessee is individual -spouse, children, parents, brothers & sisters. B. When assessee is a HUF : members of the HUF. 2. Conditions:- A.Allowed…
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January 25, 2022

Can cash credit account be provisionally attached in exercise of powers under Section 83 of the Central Goods and Services Tax Act, 2017? HIGH COURT OF GUJARAT passed the order on this issue on Jan 5, 2022.

Can cash credit account be provisionally attached in exercise of powers under Section 83 of the Central Goods and Services Tax Act, 2017? HIGH COURT OF GUJARAT passed the order on this issue on Jan 5, 2022. MANISH SCRAP TRADERS…
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cash credit account, provisionally attachment, Recovery of arrears, Section 83

January 19, 2022

Whether Penalty u/s 272a(2)(e) imposed is justified for Late / Non-filing of ITR when the Assessee was under the bona fide belief that ITR was not required to file since its incomes is exempt under s. 10(23C)(iiiab)? ITAT Jaipur passed the order on this issue on 24 May, 2021. For full order kindly click the link to get full order.

Whether Penalty u/s 272a(2)(e) imposed is justified for Late / Non-filing of ITR when the Assessee was under the bona fide belief that ITR was not required to file since its incomes is exempt under s. 10(23C)(iiiab)? ITAT Jaipur passed the order…
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10(23C)(iiiab), 11, 12, 139(4A), 272A(2)(e0, 273B, In Favour of Assessee, Jaipur Tribunal

January 18, 2022

Consequences when reassessment is based on a reconsideration of material already available on record at the time of the original assessment proceedings? The BOMBAY HIGH COURT passed the order in the case of Infinity.Com financial securities Ltd. v. ACIT on 20 December, 2021. Section 147,148, 143(3)

Consequences when reassessment is based on a reconsideration of material already available on record at the time of the original assessment proceedings? The BOMBAY HIGH COURT passed the order in the case of Infinity.Com financial securities Ltd. v. ACIT on 20…
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143(3), 147, 148

January 6, 2022