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Income-tax (Fourteenth Amendment) Rules, 2023
Publish Date : Tuesday, August 1, 2023 source
Notification No. 55/2023 [F.No.300196/6/2021-ITA-I] / SO 3441(E)
Publish Date : Tuesday, August 1, 2023 source
Persistent Non-cooperation During NFRA Investigation Results in 10-Year Debarment of CA
Under Section 132(4)(b) of the Companies Act, the NFRA is authorized to request books of accounts from auditors under investigation. On such request, the auditors must serve the relevant documents within the stipulated time. Failure to communicate promptly or any delay will be regarded as a breach of NFRA regulations, and the auditor may be […]
Notification No. 56/2023 [F. No.164/1/2023-ITA-1] / SO 3440(E)
Publish Date : Tuesday, August 1, 2023 source
Appeal Can’t be Rejected Without Giving an Opportunity to Appellant to Rectify Procedural Defects | Bombay HC
Case Details: JEM Exporter v. Union of India - [2023] 153 taxmann.com 80 (Bombay) Judiciary and Counsel Details G.S. Kulkarni & Jitendra Jain, JJ. Bharat Raichandani & Prathamesh Gorgate, Advs. for the Petitioner. Jitendra B. Mishra, Dhananjay B. Deshmukh & Ashutosh Mishra for the Respondent. Facts of the Case In the present petition, the petitioner challenged the decision of Appellate […]
New record of over 6.77 crore ITRs filed till 31st July, 2023
Publish Date : Tuesday, August 1, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1144/Press-Release-New-record-of-over-6.77-crore-ITRs-filed-till-31st-July-2023.pdf source
CBDT Notifies Form 3AF to be Furnished by Assessee Claiming Deduction u/s 35D
Notification No. 54/2023, dated 01-08-2023 Section 35D provides that an Indian company or any resident person can claim a deduction under this provision in respect of preliminary expenses. The preliminary expenditures are those incurred before the business’s commencement or after the business’s commencement in connection with the extension of an undertaking or in connection with […]
Royalty Income of UAE Entity Can’t be Taxed Until it is Received Even Though TDS is Deducted on it
Case Details: Aircon Beibars (FZE) v. DCIT - [2023] 153 taxmann.com 41 (Delhi-Trib.) Judiciary and Counsel Details G.S. Pannu, President & Saktijit Dey, Vice-president K. Sampath, V. Rajkumar, Advs. & Vishal Sehgal, FCA for the Appellant. Vizay B. Vasanta, CIT(DR) for the Respondent. Facts of the Case Assessee is a non-resident corporate entity incorporated under the laws of the […]
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