Income Tax

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November 23, 2023

Govt. Notifies ‘Deputy Director General (Tech Development Division), UIDAI’ as Authority u/s 138

Notification No. 99/2023, dated 20-11-2023 … Continue reading “Govt. Notifies ‘Deputy Director General (Tech Development Division), UIDAI’ as Authority u/s 138”

Blog, News, Income Tax

November 23, 2023

Last Date Mentioned u/s 245C to File SetCom Application Should Be Read as 31-03-2021 Instead of 01-02-2021 | HC

Case Details: Jain Metal Rolling … Continue reading “Last Date Mentioned u/s 245C to File SetCom Application Should Be Read as 31-03-2021 Instead of 01-02-2021 | HC”

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November 22, 2023

DRP Can’t Give Directions Once an Assessment Order is Passed Irrespective of Fact That It is Right or Wrong | HC

Case Details: Undercarriage and Tractor … Continue reading “DRP Can’t Give Directions Once an Assessment Order is Passed Irrespective of Fact That It is Right or Wrong | HC”

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November 22, 2023

SFT to Report Mutual Fund/Capital Gains Transactions to be Filed Half-yearly Instead of Quarterly | CBDT

Corrigendum to notification no. 3 … Continue reading “SFT to Report Mutual Fund/Capital Gains Transactions to be Filed Half-yearly Instead of Quarterly | CBDT”

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November 21, 2023

[Opinion] Classic Case of Failure to Discharge Obligation u/s 148A in a Proper Manner

Gopal Nathani – [2023] 156 … Continue reading “[Opinion] Classic Case of Failure to Discharge Obligation u/s 148A in a Proper Manner”

News, Blog, Income Tax

November 20, 2023

HC Discards ‘Travel Back in Time’ Theory Propounded by Revenue Relying Upon Ashish Agarwal Case

Case Details: Ganesh Dass Khanna … Continue reading “HC Discards ‘Travel Back in Time’ Theory Propounded by Revenue Relying Upon Ashish Agarwal Case”

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November 18, 2023

Application for NIL TDS Certificate Can’t Be Rejected Merely Because Assessee Didn’t File Returns for Past Four Years | HC

Case Details: Bitkuber Investments Private … Continue reading “Application for NIL TDS Certificate Can’t Be Rejected Merely Because Assessee Didn’t File Returns for Past Four Years | HC”

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November 17, 2023

CBDT Prescribes Monetary Limit of Rs. 10 Lakh or More to Withhold Refund u/s 245(2)

Instruction No. 02/2023, dated 10-11-2023 … Continue reading “CBDT Prescribes Monetary Limit of Rs. 10 Lakh or More to Withhold Refund u/s 245(2)”

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November 17, 2023

Sec. 11 Exemption Can’t be Availed for ITRs in Which It Wasn’t Claimed If Registration was Granted from Later Date

Case Details: Association of Oral … Continue reading “Sec. 11 Exemption Can’t be Availed for ITRs in Which It Wasn’t Claimed If Registration was Granted from Later Date”

Blog, News, Income Tax

November 16, 2023

As of November 9, 2023, Direct Tax Collections are Robust at Rs. 12.37 Lakh, Marking a 17.59% YoY Growth | CBDT

Press Release, dated 10-11-2023 The … Continue reading “As of November 9, 2023, Direct Tax Collections are Robust at Rs. 12.37 Lakh, Marking a 17.59% YoY Growth | CBDT”