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Latest Posts

Advocate Atharv Mundra, Advocate Sagarika Loya, FCA B.P. Mundra – NEW RULE FOR STRIKE OFF OF THE COMPANIES W.E.F; 01.05.2023

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Advocate Atharv Mundra, Advocate Sagarika Loya, FCA B.P. Mundra – NEW RULE FOR STRIKE OFF OF THE COMPANIES W.E.F; 01.05.2023   Friends kindly note that w.e.f; 1.5.2023 New rule for Strike off of the companies.   New Companies (Removal of…
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Cases Income tax

April 19, 2023

Advocate Atharv Mundra, Advocate Sagarika Loya, FCA B.P. Mundra – Amnesty Scheme for one-time settlement of default in Export Obligation

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Advocate Atharv Mundra, Advocate Sagarika Loya, FCA B.P. Mundra – Amnesty Scheme for one-time settlement of default in Export Obligation The Directorate General of Foreign Trade (DGFT) has introduced an Amnesty Scheme for one-time settlement of default in Export Obligation…
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Cases Income tax

April 14, 2023

ADVOCATE ATHARV MUNDRA FCA BPMUNDRA SUPREME COURT OF INDIA hold that The assessment orders passed in the search case is time barred where the assessments were not completed within two years from the end of the month the date of the Panchnama last drawn Section 125BE(b) CIVIL APPEAL NOS. 345-350 OF 2012 IN THE CASE OF Anil Minda and Others Vs. CIT on 24.03.2023

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ADVOCATE ATHARV MUNDRA FCA BPMUNDRA SUPREME COURT OF INDIA hold that The assessment orders passed in the search case is time barred where the assessments were not completed within two years from the end of the month the date of the Panchnama last drawn…
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132, 132(1), 158BE, 158BE(b), In Favour of Assessee, Supreme Court

April 4, 2023

The Depreciation can not be disallowed on the ground that the assessee has not started business activities if the assets were ready to put to use and the assessee was only waiting for proper business opportunity ITAT JODHPUR BENCH, JODHPUR in the case of M/s Sambhav Energy Limited vs ACIT on dated 02.11.2022. In the favour of the Assessee. Prepared by Advocate Atharv Mundra and FCA B. P. Mundra

The Depreciation  can not be disallowed on the ground that the assessee has not started business activities if the  assets were ready to put to use and the assessee was only waiting for proper business opportunity ITAT JODHPUR BENCH, JODHPUR in…
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ITAT Jodhpur, Section 32

March 30, 2023

148 REASON RECORDED

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148 REASON RECORDED        

Cases Income tax

March 29, 2023

148 Notice cases Note Sheet

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148 NOTICES CASES NOTE SHEET 

Cases Income tax

March 29, 2023

Please click the link to download the power of attorney required in 148 CASES

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Please click the link to download the power of attorney required in 148 CASES POWER-OF-ATTORNEY IN 148 CASES

Cases Income tax

March 29, 2023

कंपनीज की ऑडिट करने वाले कृपया ध्यान दें, अगर ऑडिट रिपोर्ट में इन्वेस्टमेंट के बारे में प्रॉपर्ली डिस्क्लोज नहीं किया तो सीए को पेनल्टी लगेगी इसी प्रकार कोई भी डिस्क्लोजर बाकी रह गया तो पेनल्टी लगेगी-Penalty u/s Section 450 or Failure to disclose properly in an audit report details of current investment by virtue of section 143 of the Companies Act, 2013

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Penalty u/s Section 450 or Failure to disclose properly in an audit report details of  current investment by virtue of section 143 of the Companies Act, 2013 Failure to disclose in audit report details of  current investments The name of the…
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2013, Companies Act, Section 143, Section 450

February 27, 2023

Consequences if one fails to furnish three consecutive returns of GST and the department cancels the registration?

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Consequences if one fails to furnish three consecutive returns of GST and the department cancels the registration?   Article 226 of the Constitution of India or Supreme Court under Article 32 cannot be restricted by the provision of any Act…
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Cases Income tax

February 22, 2023

Consequence when there is a delay of only 41 minutes in delivering the consignment and the Adjudicating Authority passed the order of creating Demand of Tax and Penalty of Rs.19,52,542/-

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Consequence when there is a delay of only 41 minutes in delivering the consignment and the Adjudicating Authority passed the order of creating Demand of Tax and Penalty of Rs.19,52,542/-   HIGH COURT OF CALCUTTA hold that Rule 138 of the CGST Rule…
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Central Goods and Services Tax Act 2017, Central Goods Service Tax Rules 2017, CGST, Rule 138, Section 129

February 22, 2023

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    Recent Posts

    • GST registration: को-ओनर जिसके नाम से बिजली का बिल है को GST Registration के लिए दूसरे ऑनर से एनओसी लेने की आवश्यकता नहीं है। FCA BPMUNDRA
    • FCA BPMUNDRA 9314501680 [email protected] क्या आयकर नोटिस 148 को इशू का नोटिस धारा 149 के अनुसार उस समय माना जाएगा जब वह नोटिस धारा 282 रूल 127 के प्रावधान के अंतर्गत प्रिसक्राइब्ड मोड ऑफ सर्विस पुरी की जाए। दिल्ली हाई कोर्ट ने 21 फरवरी 2025 मारुति सुजुकी की अपील को स्वीकार करते हुए धारा 148 में इशू नोटिस को इस आधार पर रद्द कर दिया कि नोटिस भले ही 31 मार्च 2016 को डिजिटल साइन हो गया लेकिन इश्यू 1 अप्रैल 2016 time barred होने के बाद को हुआ। Section 148, Section 282, Section 127, Section 149, time barred, notice, Delhi High Court, Quash, Quashed, Annulled
    • टीडीएस अमाउंट ज्यादा भर दिया है तो उसका रिफंड क्लेम करने के लिए जो सीबीडीटी ने 2 साल का लिमिटेशन पीरियड सर्कुलर से तय किया है के आधार पर आईटीओ रिफंड देने का मना नहीं कर सकता। यह सर्कुलर अल्ट्रा वायर्स दिल्ली हाई कोर्ट ने 31 जनवरी 2025 के फैसले में घोषित किया है। FCA BPMUNDRA
    • Rectify the filed GSTR-1 return in order to get ITC benefit
    • Whether claim of exemption under section 54F is allowable for capital gain on sale of shares which was sold in lieu of plot and construction and thereafter assessee made further payment towards remaining construction. The permission of transfer of property was not obtained in the time period as available in section 54F. ITAT KOLKATA allowed the deduction u/s 54F in the case of Basabdutta Dutta v. ITO vide IT APPEAL NO. 868 (KOL.) OF 2023 [AY 2014-15] on dated 11.07.2024. FCA BPMUNDRA 9314501680