Month: October 2014

Recent Posts

• Penalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned in the board report
• CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB
• Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?
• If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.
• If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC
• Can ITC be availed on advances paid for goods or services?
• Joint Development Agreement under the spotlight of the Income Tax Department
• Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC
• Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad
• AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA