Amendment To Section 72A To Incentivize Erstwhile PSUs
Incentives under the Income Tax Act have been provided in case of amalgamation of an erstwhile PSU which became so by reason of its strategic disinvestment.
Validity of Restriction on Refund Under Inverted Tax Rate Structure If Input And Output Are Same
Section 168(1) can be invoked only for the purpose of clarification in relation to the provisions of the CGST Act in order to ensure proper implementation of the relevant provisions.
Whether Order of Magistrate Is Suffice For Attracting Penalty Under Section 271D?
The onus of proving that the provisions contained in Section 269SS have been violated rests with the A.O. The Assessing officer is liable to prove that the amount of loan or deposit was accepted by other than the means prescribed. Only then the penalty can be imposed.
Clarification On Extended Timeline In Relation To Revocation Application Under GST
Issue of Clarification by CBIC with respect to the extended timeline for filing application for revocation of cancellation of GST registration.
Deemed Authentication of Documents For Faceless Assessment
New Rule 14C has been inserted to simplify the procedure of authentication for the electronic records furnished in the course of faceless assessment.
