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The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 14A of the Income Tax Act, 1961 only covers expenses regarding exempt income. Mr D. Venkatesh, the appellant challenged the order of the Commissioner of Income Tax Appeals in upholding the order of the assessing officer in […]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 14A of the Income Tax Act, 1961 only covers expenses regarding exempt income Mr D Venkatesh, the appellant challenged the order of the Commissioner of Income Tax Appeals in upholding the or

Bhubaneswar: Odisha recorded a Gross GST collection of Rs 4,397.73 crore during May 2023 against a collection of Rs 3,955.75 crore over corresponding period of previous year with a growth rate of 11.17 percent. The progressive gross GST collection up to May 23 stands at Rs. 9433.47 crore against a collection of Rs 8,865.98 crore […]

Odisha collects gross GST of Rs 4,39773 crore in May 2023 UNI Updated: June 1st, 2023, 17:13 IST in Business , Metro , Top Stories 0 Share on Facebook Share on Twitter Share on WhatsApp Share on Linkedin Bhubaneswar : Odisha recorded a Gross GST collection of Rs 4,39773 crore during May 2023 aga

Goods and Services Tax Appellate Tribunal (GSTAT) is the forum of second appeal in Goods and Services Tax laws and the first common forum of dispute resolution between Centre and States. The appeals against the orders in first appeals issued by the Appellate Authorities under the Central and State GST Acts lie before the GST […]

Goods and Services Tax Appellate Tribunal (GSTAT) is the forum of second appeal in Goods and Services Tax laws and the first common forum of dispute resolution between Centre and States The appeals against the orders in first appeals issued by the Appellate Authorities under the Central and Stat

The Income Tax Department challenged the impugned order of the Gujarat High Court in Parasram Fabrics Ltd. In the case of Parasram Fabrics, the Gujarat High Court the petitioner challenged the notice issued under Section-148 of the Income Tax Act, 1961 dated 25.06.2021. In view of judgment in case of Union of India Vs. Ashish […]

The challenged the impugned order of the Gujarat High Court in Parasram Fabrics Ltd In the case of Parasram Fabrics, the Gujarat High Court the petitioner challenged the notice issued under Section-148 of the Income Tax Act, 1961 dated 2506.

2021 In view of judgment in case of Union of In

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) determined that a vehicle exclusively used by a business entity qualifies for depreciation claims. The panel that if a car is employed for commercial purposes related to the company’s operations, depreciation cannot be denied. Furthermore, the department allowed deductions for car loan interest […]

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