No addition justified on the basis of Unverified Diary Entries Found During Search without any other Corroborative Evidence
No addition justified on the basis of Unverified Diary Entries Found During Search without any other Corroborative Evidence ย ITAT recently has held that no addition is ย justified on the basis of Unverified Diary Entries Found During Search without any other Corroborative Evidence Let us have a Short Overview of the case: The case of… […]
TDS Limit Updates Effective from 1st April 2025
TDS Limit Updates Effective from 1st April 2025 ย The copy of the Notification is as under: The post TDS Limit Updates Effective from 1st April 2025 appeared first on The Tax Talk.
๐๐๐๐๐ฒ๐ ๐ถ๐ป ๐๐ถ๐น๐ถ๐ป๐ด ๐ช๐ฎ๐ถ๐๐ฒ๐ฟ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป๐ (๐ฆ๐ฃ๐ ๐ฌ๐ญ/๐ฆ๐ฃ๐ ๐ฌ๐ฎ) โ ๐๐ฆ๐ง๐ก ๐ก๐ผ๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป
๐๐๐๐๐ฒ๐ ๐ถ๐ป ๐๐ถ๐น๐ถ๐ป๐ด ๐ช๐ฎ๐ถ๐๐ฒ๐ฟ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป๐ (๐ฆ๐ฃ๐ ๐ฌ๐ญ/๐ฆ๐ฃ๐ ๐ฌ๐ฎ) โ ๐๐ฆ๐ง๐ก ๐ก๐ผ๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ย The GST Network (GSTN) has received multiple complaints regarding technical issues while filing waiver applications under SPL 01 and SPL 02. The team is actively working to resolve them. ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ฒ๐ฑ ๐๐๐๐๐ฒ๐ ๐๐ฎ๐ฐ๐ฒ๐ฑ ๐ฏ๐ ๐ง๐ฎ๐ ๐ฝ๐ฎ๐๐ฒ๐ฟ๐: Dropdown Selection Issue: Order numbers are not available for… […]
Income less than Rs. 7 Lakh โ reasons & remedy FOR tax demand
Income less than Rs. 7 Lakh โ reasons & remedy FOR tax demand ย Query] a)I have filed my income tax return on 28.07.2024 with income of Rs. 5,29,300/- consisting of Business Income โ Rs. 3,70,254/-, Other Source โ Interest Income of Rs. 24,708/-, Short Term Capital Gain (STCG) income U/s 111A of Rs. 1,34,336/-…. […]
Adjustment cannot be made in the intimation issued u/s 143(1) without giving an opportunity of being heard to the assessee.
Adjustment cannot be made in the intimation issued u/s 143(1) without giving an opportunity of being heard to the assessee. ย The intimation issued under 143(1) of the Act is merged with the assessment order passed under 143(3) of the Act. If the assessment order passed under 143(3) of the Act accepts returned income, then… […]
Personal hearing through video conferencing not Provided โ Bombay HC quashed the assessment order
Personal hearing through video conferencing not Provided โ Bombay HC quashed the assessment order ย Recently, the Bombay HC has observed that Personal hearing through video conferencing not Provided though requested in the proceeding. Bombay HC quashed the assessment order ย The Bombay High Court struck down the assessment order passed by the National Faceless Assessment… […]
Whether the addition under section 50C(1) can fall within the ambit of adjustments provided under section 143(1)(a) of the Act?
Whether the addition under section 50C(1) can fall within the ambit of adjustments provided under section 143(1)(a) of the Act? ย Here is an interesting issue before Delhi ITAT regarding the scope of section 143(1)(a).ย Whether the addition/adjustment of Rs. 36,51,250/- made under section 50C(1) of the Income Tax Act, 1961 (hereinafter โthe Actโ) can fall… […]
Bombay High Court Orders Multi-Agency Investigation into Accommodation Entry Racket
Bombay High Court Orders Multi-Agency Investigation into Accommodation Entry Racket Here is one of the major Tax Ruling on Section 68 wherein Bombay High Court Orders Investigation into Accommodation Entry Racket Itโs a big Tax Law Development in the case of Pr. CIT-14, Mumbai vs. Buniyad Chemicals Ltd. (2025). The Bombay High Court ruled that… […]
Issue in filling applications (SPL 01/SPL 02) under waiver scheme
Issue in filling applications (SPL 01/SPL 02) under waiver scheme ย The Copy of the Applications is as under : The post Issue in filling applications (SPL 01/SPL 02) under waiver scheme appeared first on The Tax Talk.
Issue in Registration of ISD โ An Apt Representation by GSTPA
Issue in Registration of ISD โ An Apt Representation by GSTPA ย The post Issue in Registration of ISD โ An Apt Representation by GSTPA appeared first on The Tax Talk.
