The assessment order has been quashed by the Calcutta High Court on the foundation that the department has losses to place the taxpayer on the notice concerning the addition u/s 69A of the income tax. It was noted by the bench of Justice Raja Basu Chowdhury that the judgment incurred via the respondent department as shown in the assessment order does stand corrupt via the causes of failure on the end of the department to put the applicant on notice concerning the addition under section 69A. As the assessment order…
Month: July 2024
After summons, Sukhbir Singh Badal appears at Sri Akal Takht Sahib | Chandigarh News
Shiromani Akali Dal (SAD) president Sukhbir Singh Badal visited the Sri Akal Takht Sahib in Amritsar on Wednesday more than a week after Akal Takht Jathedar Giani Raghbir Singh asked him to do so. Badal had been asked to appear in person before the supreme temporal seat of the Sikh community within 15 days and submit a written explanation on the allegations levelled by some senior SAD leaders that he “has not represented the sentiments of the Panth”. The Akal Takht Jathedar will now take a call on whether to…
FM Sends Proposal for Amendment S.271H w.r.t Penalty for Late TDS/ TCS Filing
At the time of the Budget presentation at 11 AM on 23rd July 2024, Union Finance Minister Nirmala Sitharaman asked to revise the S.271H of the Income Tax Act pertinent to the penalty for failure to provide the statements. Clause 81 of the bill asked to revise Sec.271H of the Act, sub-section (1) of the section furnishes for penalty in the matter of failure to deliver or cause to be delivered statements referred to S.200(3) or proviso to S.206C (3) or furnishing of inaccurate information in the statement. Read Also:…
Opposition protests ‘discriminatory’ Budget inside and outside Parliament: ‘No one has got justice’ | India News
The Opposition on Wednesday staged a protest inside and outside the Parliament over alleged discrimination against non-National Democratic Alliance (NDA) states in the Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on Tuesday. Members of the INDIA bloc first protested outside the Makar Dwar of the Parliament building. Then, during Question Hour in the Lok Sabha, they raised slogans about alleged injustice to Opposition-ruled states. Outside, leaders of the Congress, including Sonia Gandhi and Rahul Gandhi, along with those of the Trinamool Congress, Dravida Munnetra Kazhagam (DMK), Samajwadi Party…
Maratha quota issue: BJP to bat on front foot, underline its role vs MVA’s | Political Pulse News
With an eye on the upcoming Assembly elections and in a bid to reassert its identity in the ruling alliance while countering the Opposition Maha Vikas Aghadi (MVA), the BJP in Maharashtra has decided to shed its cautious approach on the contentious Maratha quota issue. The BJP’s core committee believes that its cautious approach on the issue has emboldened the Opposition, which is exploiting the caste-based polarisation to its advantage. “It was reflected in the recent Lok Sabha polls, where our tally fell from 23 in 2019 in the state…
SCN U/S 148 By Assessing Officer Defeats The Object of Faceless Assessment
The Punjab & Haryana High Court while indicating that the scheme of faceless assessment is applicable from the phase of SCN under section 148 as well as 148A, held that notice under section 148 could not be issued via the jurisdictional assessing officer post introduction of the faceless assessment scheme. As SCN has been issued via the revenue department under section 148 laying on the Board’s Memorandum and Instructions, the High Court explained that circulars, instructions, and letters issued by the Board or any other authority cannot override statutory provisions.…
Income Tax, Arrears Relief Calculator U/s 89(1), Income Tax Form 10E,Income Tax Form 16 Part B , Income Tax Automated House Rent Exemption Calculator U/s 10913A) :
Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, here is all that you need to know. Download Automated Income Tax House Rent Exemption Calculator U/s 10(13A) in Excel Format By now, you would have already figured out that income tax is calculated on the total income of a…
Alert issued to people living along Mutha River after release of water from Khadakwasla Dam
With the Khadakwasla Dam filled amid the incessant rainfall, the Pune administration on Wednesday released its water into the Mutha from the dam and issued an alert to people living along the river The catchment area of the Khadakwasla Dam, which is immediately upstream of the Mutha River and cuts across the city, has been receiving good rainfall for the last few days. The rain has filled the dam and the administration has started releasing water in the river at a speed of 9416 cusecs since 7 am. People who…
James C Scott showed new ways of studying resistance
In the late 1950s, when a young doctoral researcher at Yale University left for fieldwork in a Malaysian village of 70 families, several of his friends and teachers warned that the “unglamorous” move could prove detrimental to his career. About three decades later, the experience would provide James C Scott the basis for his groundbreaking work, The Weapons of the Weak. It explored the techniques used by peasants to resist state power and launched Scott as one of the leading figures of resistance studies. Scott, who died on July 19…
Today in Politics: INDIA bloc MPs to protest in Parliament against ‘discriminatory’ Budget | Political Pulse News
Opposition INDIA bloc MPs will stage a protest in Parliament on Wednesday against the “discriminatory” Budget tabled by the Narendra Modi government. A decision in this regard was taken at a meeting of the INDIA bloc allies on Tuesday after Finance Minister Nirmala Sitharaman tabled the Budget. “Today we had a detailed discussion on this budget. This budget is zero in the name of development. We will protest against this budget tomorrow outside the Parliament and raise our voice inside the Parliament. This budget is against the federal structure of…