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GST में ध्यान रखने योग्य बातें

GST में ध्यान रखने योग्य बातें 1. चाहे कोई भी टर्नओवर नहीं हो Nil काबी जीएसटी रिटर्न भरना आवश्यक है अन्यथा पेनल्टी लगेगी। 2. अगर जीएसटी नंबर सेंड कर दिया है तो भी gstr-10 भरना आवश्यक है। अन्यथा पेनल्टी लगेगी।…
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October 19, 2020

Calendar -Due Due dates as per income tax Act

Due Dates as per income tax act

Cases Income tax

October 17, 2020

speech in CA Institute Jaipur Chapter 20201015 Search & Seizure

speech search 20201015 (1)

October 14, 2020

Search and Seizure- No seizure of jewellery when it is stock of the assessee as the protection is provided in proviso appearing after sub clause – (iii) to sub Section (1) of Section 132 for stock. Further Satisfaction note clearly disclosed that formulation of “reason to believe” was post search and seizure. Action of search and seizure is bad in law. Saddle the Deptt. with costs at Rs.50,000/-. KHEM CHAND MUKIM Vs.Principal Director of Income Tax. Jan 9, 2020 IT-CASES-214-2020

KHEM CHAND MUKIM vs. PRINCIPAL DIRECTOR OF INCOME TAX & ORS. HIGH COURT OF DELHI VIPIN SANGHI & SANJEEV NARULA, JJ. W.P.(C) 5343/2019 Jan 9, 2020 (2020) 186 DTR 0145 (Del), (2020) 313 CTR 0014 (Del), (2020) 423 ITR 0129…
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131(1A), 132, 132(1)(c), 132(1)(iii), 132(1)(v), 132B, 2018-19, AY 2015-16, AY 2016-17, AY 2017-18

October 11, 2020

Section 132 When no incriminating material is shown by the Ld. AO therefore disallowance made only on ad-hoc basis is not permissible under the Income Tax Act. SHARUK PASSI & ANR. vs.DCIT ITAT Delhi order on Mar 19, 2020. IT-CASES-213-2020

Order in brief Section 143 assessment completed without giving any adverse finding on issue categorically inquired. Now merely creating a doubt of the same issue does not suffice the Assessing Officer to reopen the case u/s 148 of the Act…
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132, 143(3), 147, 148, addition on adhoc basis, Adhoc addition, AY 2005-06, AY 2012-13, Delhi, Delhi Tribunal, In Favour of Assessee, incriminating material

October 11, 2020

Section 132,148 Cancelled receipt of Rs. 11 lacs showing total transaction of Rs. 61 lacs signed by Sanjeev on behalf of Romy was found and Romy surrendered Rs. 11 Lacs only. AO has not confronted contents of said receipts from S. Addition made of Rs. 50 Lacs is deleted in the absence of any other corroborative material before AO. ROMI LAL NANDA vs.ITO. ITAT Delhi order date 28.9.2020. IT-CASES-212-2020

ROMI LAL NANDA vs. INCOME TAX OFFICER IN THE ITAT DELHI BENCH ‘G’ R.K. PANDA, AM & SUCHITRA KAMBLE, JM. ITA No. 792/Del/2016 Sep 28, 2020 Section 132,148 AY 2008-09 Decision in favour of: Assessee Section 132 Cancelled receipt of Rs….
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131(1), 132, 147, 148, 68, AY 2008-09, Delhi, Delhi Tribunal, Dumb, In Favour of Assessee, incriminating material

October 9, 2020

Section 132, 153A Assessment was completed under section 143(1). Completed assessments can be interfered with by A.O. while making assessment under section 153A only on basis of some incriminating material unearthed during course of search or requisition of documents or undisclosed income or property discovered in course of search which were not produced or not already disclosed or made known in course of original assessment. ACIT v. SHRI SURENDRA KUMAR GUPTA 30.9.2020 Delhi ITAT IT-CASES-211-2020

ASSISTANT COMMISSIONER OF INCOME TAX vs. SHRI SURENDRA KUMAR GUPTA IN THE ITAT DELHI BENCH ‘D’ BHAVNESH SAINI, JM & B.R.R. KUMAR, AM. ITA No. 1218/Del./2017 Sep 30, 2020 Section 132, 153A AY 2012-2013 Decision in favour of: Assessee …
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132, 153A, AY 2012-13, Delhi, Delhi Tribunal, In Favour of Assessee

October 8, 2020

Section 80IBA: 100% OF NET PROFIT FROM THE BUSINESS OF AFFORDABLE HOUSING PROJECT. Author B. P. Mundra F.C.A.

Please click on the below link to open 80IBA Affordable Housing Project

80IBA, Author, B. P. Mundra, Deduction on Affordable Housing Scheme

October 5, 2020

Section 132, 153A What AO can do with item found in search is already disclosed in ITR and Balance Sheet submitted?IT-CASES-210-2020

ALANKAR SAPHIRE DEVELOPERS & ORS. vs. DEPUTY COMMISSIONER OF INCOME TAX & ORS. IN THE ITAT DELHI BENCH ‘F’ BHAVNESH SAINI, JM & O. P. KANT, AM. ITA No. 2277/Del./2016, 2278/Del./2016, 2279/Del./2016, 2606/Del./2016, 2607/Del./2016, 2608/Del./2016, 122/Del./2017, 675/Del./2017, 6444/Del./2015, 3501/Del./2016, 3460/Del./2016,…
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132, 153A, AY 2003-04, AY 2004-05, AY 2005-06, Delhi, Delhi Tribunal, In Favour of Assessee, incriminating material, Search and seizure

September 30, 2020

क्या होगा जब किसी के यहां आयकर छापा पड़े और वहां पड़े किसी इनक्रिमिनेटिंग मैट्रियल पर आपका नाम हो? आईटीऐटी दिल्ली ने 28 अप्रैल 2020 को क्या फैसला दिया? IT-CASES-209-2020

PAWAN KUMAR DUA vs. ASSISTANT COMMISSIONER OF INCOME TAX IN THE ITAT DELHI BENCH ‘F’ K. PANDA, AM & SUCHITRA KAMBLE, JM. ITA Nos. 6588 to 6590/Del/2018 Apr 28, 2020 Section 132, 153A AY 2013-14, 2014-15 & 2015-16 Decision in…
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132A-Powers to requisition books of account, 153A, In Favour of Assessee, incriminating material

September 29, 2020