Articles

News

For Section 44ADA, the revised limit for opting Income Tax Presumptive Taxation Scheme from Assessment Year 2024-25 is Rs. 75 Lakhs.

All About New Limits of Income Tax Presumptive Taxation Scheme for Professionals: Section 44ADA

Judgement

GST SCN sent to the wrong email address: HC sets aside Order and asks Department to consider GSTR-3B rectification

GST SCN sent on wrong E-Mail: HC sets aside Order and asks Department to consider GSTR-3B Rectification

Ministry of Finance notifies 24 SEBI Entities for Aadhaar Authentication for PMLA

The Income Tax Department has started sending notices under Section 133(6) of the Income Tax Act for Assessment Year 2023-24 (AY 23-34) to salaried individuals asking for proof of deductions and exemptions claimed in the Income Tax Return (ITR) Form.

Income Tax Department sends notice to salaried Individuals asking proof of deductions claimed in ITR

HC noted that merely e-way bills had the incorrect address but the invoices and bilty documents contain the correct address of the destination. In such a case, no presumption to evade tax arises at all. The mere technical error committed by the petitioner cannot result in imposition of such harsh penalty upon the petitioner.

Incorrect Address on E-way bill a mere technical error: HC Deletes Penalty

In the present case, apart from the factual aspect that the Part B of E-Way Bills was not filled up, there is no material on record to show that the petitioner had any mens rea to evade tax.

Non Updation of E-Way Bill Part B without any intention to evade tax would not lead to imposition of penalty under GST: HC

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