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Rent from Sub-Letting of Warehouse is “Other Income”: ITAT [Read Order]

The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) has recently ruled that the income received by the assessee by sub-letting a property...

Last Date for filing GST Annual Return is 30th June: Some Points to Remember

GST Returns and ITR Mismatch: Govt issues Notice to Businesses

No Further Extension for filing ACTIVE Compliant Form: MCA

GST: Maharashtra Govt issues Mechanism for Redressal of Difficulties faced by Taxpayers due to...

Penalty can’t be levied on Retrospective Amendment: ITAT [Read Order]

The Ahmedabad bench of the ITAT has held that the assessee cannot be penalized on ground of a retrospective amendment under the Income Tax Act, 1961. The assessee, Baroda Cricket Association, is an...

Extinguishment of Right in Property would result in Capital Gain: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the extinguishment of any rights in the property would result in the capital gain under the Income Tax Act, 1961. The assessee, an...

Lorry Booking Agent not liable to deduct TDS: ITAT [Read Order]

The Delhi ITAT has recently held that a person who is merely a lorry booking agent is not bound to deduct TDS under Section 194C of the Income Tax Act, 1961. The assessee is carrying on the business...

ICAI issues Application Form for Information Systems Audit (ISA) Assessment Test

The Institute of Chartered Accountants of India ( ICAI ) has issued the application form for the Information Systems Audit (ISA) Assessment Test and the notes for the information and guidance of the...

Normal or Corpus Donation can’t be treated as Anonymous Donation: ITAT [Read Order]

The Delhi bench of the ITAT has held that a normal or corpus donation cannot be treated as an anonymous donation under the Income Tax Act, 1961. The assessee- society is running an educational...

Tribunal condones Delay as Chartered Accountant was Busy with ICAI Election, asks to Pay Cost of Rs. 2,500/- [Read Order]

In a recent ruling, the Jaipur bench of the ITAT has condoned the delay in filing an appeal before the Commissioner of Income Tax (Appeals) as the Chartered Accountant of the assessee was busy with...

Denial of GST Input Tax Credit to Recipient for Default of Supplier: Delhi HC issues Notice to Centre [Read Order]

The Delhi High Court will look into ambiguity in the existing Central Goods and Services Tax (GST) Law that whether input tax credit can be denied to a purchaser for the default committed by the...

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