Monday, 13 June 2022 / Published in News & Updates, Income Tax

Under reporting of income due to re-computation of dis-allowances does not amount to misreporting of income: Delhi HC

The High Court of Delhi in the case of M/s Prem Brothers Infrastructure LLP Vs National Faceless Assessment Centre & Anr [W.P.(C) 7092/2022] quashed the penalty under section 270A of the Income Tax Act 1961 and directed to grant immunity under section 270AA of the Act. The Court held that under-reporting of income due to
Tuesday, 22 February 2022 / Published in GST, News & Updates

High Court Judgement on GST on Residential Dwellings rented for Hostel

In the case of Taghar Vasudeva Ambrish v. Appellate Authority for Advance Ruling Karnataka [W.P. No. 14891 of 2020 (T-RES) dated February 07, 2022] The Hon’ble Karnataka High Court quashed the order passed by the AAAR, denying exemption to the assessee on the service of renting of property used for the purpose of a hostel for
Tuesday, 21 December 2021 / Published in Judgments

ITAT Bangalore allows employees contribution to PF/ESI paid before ITR filing

The ITAT Bangalore held in the case of Skava Electric Pvt. Ltd, that assessee would be entitled to deduction of employees’ contribution to PF and ESI provided that the payments were made prior to the due date of filing of the return of income u/s 139(1) of the Income Tax Act, 1961. It was further