Income Tax

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Advocate Atharv Mundra, Advocate Sagarika Loya, FCA B.P. Mundra – Amnesty Scheme for one-time settlement of default in Export Obligation
ADVOCATE ATHARV MUNDRA FCA BPMUNDRA SUPREME COURT OF INDIA hold that The assessment orders passed in the search case is time barred where the assessments were not completed within two years from the end of the month the date of the Panchnama last drawn Section 125BE(b) CIVIL APPEAL NOS. 345-350 OF 2012 IN THE CASE OF Anil Minda and Others Vs. CIT on 24.03.2023
The Depreciation can not be disallowed on the ground that the assessee has not started business activities if the assets were ready to put to use and the assessee was only waiting for proper business opportunity ITAT JODHPUR BENCH, JODHPUR in the case of M/s Sambhav Energy Limited vs ACIT on dated 02.11.2022. In the favour of the Assessee. Prepared by Advocate Atharv Mundra and FCA B. P. Mundra
148 REASON RECORDED
148 Notice cases Note Sheet
Please click the link to download the power of attorney required in 148 CASES
Consequences if one fails to furnish three consecutive returns of GST and the department cancels the registration?
Q: Whether outstanding demand from a company can be recovered u/s 179 from the director of the company without pointing out that non-recovery was on account of gross negligent, misfeasance or breach of duty on part of the Director in relation to the affairs of the company? The answer was given by The Hon’ble High Court Of Gujarat on dated 16.12.2022
Q: Can income tax officer order for Provisional attachment of cash, bank, any property belonging to the assessee? HIGH COURT OF GUJARAT passed the order on dated 29/11/2022.
Question Whether van rent received and paid by the educational institute appearing in both side of income of expenditure account will be counted for calculating turnover of the assessee to allow the benefit U/s 10(23C) of the Act. ITAT AMRITSAR BENCH, AMRITSAR passed the order on 10.8.2022 in thc case of Baba Farid Public Welfare Society vs. ITO (Exemptions), Ward, Amritsar