Respond to I-T notice on time or risk refund adjustment against tax demand
Income tax notice: If AO doesn't respond within 21 days, CPC may release refund, or adjust it partially based on taxpayer's consent
Source: business-standard.com
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10 things taxpayers should keep in mind before filing income tax return
Income Tax Return filing: Form 16 contains all the salary details that need to be entered while filing income tax returns
Source: business-standard.com
Quarterly Digest Of Tax Cases: January-March, 2023
Indirect TaxesSupreme CourtSabka Vishwas Scheme : Supreme Court Grants Relief To Company Which Missed Deadline Due To IBC MoratoriumCase Title: Shekhar Resorts Limited vs Union of IndiaCitation : 2023...
Source: livelaw.in
Tax Cases Monthly Round Up: March 2023
Indirect Taxes Supreme Court KVAT Act | Dealer Claiming Input Tax Credit Must Prove Transaction Beyond Reasonable Doubt : Supreme Court Case Title: State of Karnataka v. M/s. Ecom Gill...
Source: livelaw.in
For Tax Liability of Rs2.18 Crore, Refund of Rs17.53 Crore Pending as ITR Is Not Processed. Bombay HC Admits Taxpayer's Plea
While observing that the taxpayer has an income tax (I-T) liability of Rs2.18 crore, while his refund due is Rs17.53 crore,
Source: moneylife.in