IBC proceedings towards employer not floor to disclaim TDS credit score to worker: ITAT

By rashila basheer , 1st December 2022 at 6:40 pm The Revenue Tax Appellate Tribunal (ITAT), Delhi bench has held that proceedings below the Insolvency and Chapter Code (IBC) towards the employer-company can’t be a floor for denying TDS credit score to the assessee. The appellant, Mr. Sanjay Gupta, was denied TDS credit score of … Read more

ITAT Weekly Spherical-Up

By Yogitha S. Yogesh – On November 27, 2022 2:19 pm This weekly round-up analytically summarizes the important thing tales associated to the Revenue Tax Appellate Tribunal (ITAT) reported at Taxscan.in throughout the earlier week from November 19 to November 25, 2022 Shri Pavan Kandkur vs Precept Commissioner ofIncome Tax – 2022 TAXSCAN (ITAT) 1706 … Read more

ITAT grants reduction to Vi

By Yogita S Yogesh , Nov 28, 2022 at 2:25 pm In a reduction to Vodafone Thought Restricted, the Mumbai Bench of the Revenue Tax Appellate Tribunal (ITAT) has held that sale of pay as you go SIM playing cards/recharge vouchers to distributors can’t be handled as fee for attracting part 194H of the Revenue … Read more

ITAT Weekly Spherical-Up

By Yogitha S. Yogesh – On November 27, 2022 2:19 pm This weekly round-up analytically summarizes the important thing tales associated to the Revenue Tax Appellate Tribunal (ITAT) reported at Taxscan.in in the course of the earlier week from November 19 to November 25, 2022 Shri Pavan Kandkur vs Precept Commissioner ofIncome Tax – 2022 … Read more

ITAT units apart evaluation handed by officer for lack of jurisdiction

By Aparna M , Nov 25, 2022 at 5:22 pm The Revenue Tax Appellate Tribunal (ITAT) Kolkata Bench put aside the evaluation order handed by the Assessing Officer on the bottom of lack of jurisdiction. The assessee Amiya Gopal Dutta filed Revenue Tax Return of complete earnings of Rs. 10,02,340/- as on 25.03.2017. The Revenue … Read more

Curiosity expense shouldn’t be allowable u/s 36(1)(iii) to be used of funds for funding in shares of subsidiary firm: ITAT

By Kalyani B Nair , November 25, 2022 at 12:06 pm The Kolkata Bench of the Earnings Tax Appellate Tribunal (ITAT) held that curiosity expense shouldn’t be allowable below part 36(1)(iii) of the Earnings Tax Act, 1961 to be used of funds for funding in shares of a subsidiary firm. The assessee within the current … Read more

ICAI challenges ITAT rule mandating 25 years of expertise for chartered accountants to be appointed as members: Supreme Court docket points discover

By rashila basheer , 25 Nov 2022 at 10:00 am The Supreme Court docket has issued discover to the Middle whereas contemplating a petition by the Institute of Chartered Accountants of India (ICAI) difficult the eligibility standards of Accountant Member appointed to the Earnings Tax Appellate Tribunal underneath the Earnings Tax Act, 1961. The Tribunal … Read more

ITAT can not hear enchantment towards order handed underneath part 119(2)(b): ITAT

By Kalyani B Nair , Nov 22, 2022 at 3:06 pm The Earnings Tax Appellate Tribunal (ITAT) dominated that the ITAT can not entertain appeals towards orders handed underneath part 119(2)(b) of the Earnings Tax Act, 1961. The assessee, Bhavesh Ghanshyam Advani filed an utility earlier than the Commissioner of Earnings Tax (Worldwide Taxation)-1, searching … Read more

Deduction for delayed cost of worker’s contribution on PF and ESI earlier than submitting of ROI admissible: ITAT

By rashila basheer , Nov 24, 2022 at 1:08 pm The Mumbai bench of the Earnings Tax Appellate Tribunal (ITAT) has held that deduction is allowable for delayed cost of worker’s contribution to Provident Fund (PF) and ESI earlier than submitting of Earnings Tax Return (ROI). Gulermak-TPL Pune Metro Joint Enterprise, the assessee challenged the … Read more