Judgement

Since the AO and CIT(A) did not properly verify the reconciliation, the ITAT decided that the matter needs fresh consideration.

ITAT Remands Case of Mismatch in Form 26AS Due to Project Completion Method

Tribunal held that reopening based solely on an Investigation Wing report mentioning the wrong company name and incorrect figures is invalid.

As the very basis of reopening the case was wrong, the Tribunal held that the reassessment is invalid and without jurisdiction.

Tax professionals and businesses express frustration as the GST portal remains unresponsive for hours, disrupting GSTR-1 filing across India.

A major probe has revealed that nearly 50 GST officers allegedly invested crores in land through a powerful builder with departmental ties.

The central bank fined HDB Financial Services for failing to collect PAN or equivalent identification for certain loan accounts.

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News