Introduction: In a significant legal triumph, Meena Nayyar recently secured a favorable outcome in four separate income tax appeals before the Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘E’. The appeals, spanning assessment years 2011-12 through 2015-16, were filed against the orders of the ld. CIT (Appeals)-27, New Delhi, dated 29.08.2019. Background: The crux of …
Introduction As March 2024 approaches, salaried employees find themselves at a crucial juncture for tax planning. With the end of the financial year looming, now is the ideal time to assess and implement strategies that can optimize tax liabilities. This blog will guide salaried individuals through a comprehensive checklist of actions to take before the …
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Introduction As we approach the end of the financial year in March 2024, business professionals are presented with a critical opportunity for strategic tax planning. This blog aims to provide businesspersons with a comprehensive checklist of actions to take before the closing of March 2024, offering insights to make informed decisions and optimize tax savings. …
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In a significant legal development, the Hon’ble Kerala High Court, in the matter of M/s. Hilton Garden Inn v. Commissioner of Kerala Goods and Service Tax Department and Others [WP (C) No.25069 of 2023 dated November 23, 2023], delivered a noteworthy judgment on November 23, 2023. The court allowed the writ petition, taking the stance …
In a significant ruling, the Authority for Advance Ruling (AAR), Rajasthan, addressed the complex issue of Goods and Services Tax (GST) liability concerning the leasing of residential property for commercial purposes. This ruling, documented in Advance Ruling No. RAJ/AAR/2023-24/14 on November 29, 2023, specifically involved M/s. Deepak Jain and Back Office IT Solution Pvt. Ltd. …
Introduction Dealing with tax matters can be intricate and, at times, challenging. If you find yourself dissatisfied with an order issued by the Assessing Officer, there are avenues available to challenge it through the appeals system. This blog post aims to provide clarity on the options available to taxpayers for appealing orders, with a focus …
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The Hon’ble Madhya Pradesh High Court, in a landmark decision dated November 20, 2023, addressed the matter presented in WP No. 26693 of 2022, where M/s. Raymond Ltd. (referred to as “the Petitioner”) sought relief against the Show Cause Notice (“the Impugned SCN”) dated September 03, 2022, issued by the Revenue Department (“the Respondent”). The …
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Introduction: In a recent landmark decision, the Income Tax Appellate Tribunal (ITAT) issued a significant verdict in the case of Ajay Kumar Aggarwal versus ACIT, Central Circle-13, New Delhi. The appeals (ITA Nos. 4002 to 4009/Del/2017) cover Assessment Years 2007-08 to 2014-15, and the order, pronounced on April 5, 2023, carries considerable implications for the …
Introduction In a recent decision by the Income Tax Appellate Tribunal, Delhi Bench ‘A,’ New Delhi, dated April 5, 2023, the case of Smt. Anu Gera against the Income Tax Officer, Ward 22(1), New Delhi, was considered. The appeal, filed against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2009-10, …
Introduction In the realm of tax disputes, the Income Tax Appellate Tribunal, Delhi Bench, recently rendered a significant judgment in ITA No.757/Del/2017. The case involved Mr. Amit Tyagi versus the Deputy Commissioner of Income Tax, Circle-1, Ghaziabad, and pertained to the assessment year 2010-11. This article seeks to dissect and analyze the intricacies of the …
