Tax Guru58m
TDS for disputed property to be deposited under lessee’s TAN as unclaimed challan: Kerala HC
Kerala High Court held that lessee is liable to deduct TDS u/s. 194-I of the Income Tax Act, however, there is a dispute for ownership of the property. Then, in such case lessee is directed to deduct ...
Tax Guru1h
Order u/s. 201(1) passed beyond prescribed time limit untenable: ITAT Delhi
ITAT Delhi held that assessment order passed under section 201 (1) of the Income Tax Act beyond the prescribed time limit is liable to be set aside. Accordingly, appeal filed by the revenue dismissed.
Tax Guru1h
PCIT expressing different view by invoking section 263 not justified: ITAT Ahmedabad
ITAT Ahmedabad held that invocation of section 263 of the Income Tax Act not justifiable since PCIT expressed different view and the same amounts to second opinion. Thus, order passed u/s. 263 of the ...
Tax Guru1h
Cancellation of GST registration due to false submission of details justifiable: Kerala HC
Kerala High Court held that cancellation of GST registration due to submission of false details at the time of migration from VAT to GST is justifiable in law. Thus, order cancelling GST registration ...
Tax Guru1h
Bail Cannot Be Denied Due to Lack of Cogent Evidence: Allahabad HC in Dowry Death Case
At the very outset, this brief, brilliant, bold and balanced judgment authored by the Single Judge Bench of the Allahabad ...
Tax Guru1h
GST Writ under Article 226 not entertained due to alternative remedy: Bombay HC
Bombay High Court held that court cannot entertain petition for a writ under Article 226 of the Constitution as petitioner has an alternative remedy that provides an equally efficacious remedy without ...
Tax Guru6h
Companies Registered Under Spice+ Form A and Section 8
The MCA shared data on companies registered through Spice+ Form A for the past four financial years: The data indicates a ...
Tax Guru6h
CSR Fund Utilization in India: 2020-23 Overview
According to the Ministry, a total of ₹26,210.95 crores, ₹26,616.30 crores, and ₹29,987.92 crores were spent on CSR activities in FY 2020-21, FY 2021-22, and FY 2022-23, respectively. Major areas of ...
Tax Guru6h
Action Against Defaulter Companies in India by MCA
Audited Statements during the last five years; c. the details of action taken against such defaulting companies; and d. the ...
Tax Guru6h
Government Actions on Shell Companies: Key Data and Developments
The Serious Fraud Investigation Office (SFIO) and other investigative arms are actively involved in identifying fraudulent ...
Tax Guru6h
Financial Haircuts Under IBC Process and Government Measures
The Ministry of Corporate Affairs provided critical updates on the Insolvency and Bankruptcy Code (IBC) in response to an ...
Tax Guru6h
Women Income Tax Filers in India: State-wise Data
Maharashtra consistently reported the highest number of women tax filers, rising from 29.94 lakh in AY 2019-20 to 36.83 lakh in AY 2023-24. Other states with significant contributions include Delhi, ...