GSTRefund under Inverted Duty Structure.15 Dec 20180In GST act, there is a situation where rate of GST on output is less than Rate of GST on…
IT JudgementTo avoid penalty u/s 271(1)(c), “bonafides” have to be shown and cannot be assumed.15 Dec 20180To avoid penalty u/s 271(1)(c), “bonafides” have to be shown and cannot be assumed. Conclusions: (i) Absurd or illogical interpretations…
IT JudgementGST on Joint Development of Property15 Dec 20180Applicant, Land Owner entered in to development agreement with Builder to develop and promote multi storied residential apartment cum commercial…
ArticleIncome TaxInformation regarding bogus donation racket: CBDT15 Dec 20180Information regarding bogus donation racket: CBDT Information regarding bogus donation racket under section 35(1)(ii) of the Income-tax Act, 1961. Information…
IT JudgementValidity of addition due to non submission of confirmation from the creditor15 Dec 20180Validity of addition due to non submission of confirmation from the creditor FLO Dyne Controls (India) (P) Ltd. v. ITO ITA…
GSTTDS & TCS for E- Commerce15 Dec 20180TDS & TCS for E- Commerce Now a days, business of E- commerce are running quite speedily. E commerce operators…
GSTTDS &TCS for E- Commerce15 Dec 20180 TDS &TCS for E- Commerce Now a days, business of E- commerce are running…
IT JudgementInterest income can be taxed under both the heads, i.e., business income or income from other sources15 Dec 20180Interest income can be taxed under both the heads, i.e., business income or income from other sources Hindustan Unilever Ltd.…
IT JudgementDeduction towards interest on education loan taken in joint names15 Dec 20180Deduction towards interest on education loan taken in joint names Section 80E, provides for deduction of interest on loan taken…
GSTWhether replacement of parts during warranty period constitute supply under GST?15 Dec 201802018 TaxPub(GST) 0686 (AAR-Ker) IN THE AUTHORITY FOR ADVANCE RULINGS, KERALA B.G. KRISHNAN & B.S. THYAGARAJABABU, MEMBER Saraswathi Metal Works, …
IT JudgementCapital gain exemption u/s 54 on the basis of Agreement to sell of old property15 Dec 20180Capital gain exemption u/s 54 on the basis of Agreement to sell of old property The definition of ‘transfer’ defined…
IT JudgementTaxability of Foreign allowances received by assessee for service rendered outside India through TCC15 Dec 20180Taxability of Foreign allowances received by assessee for service rendered outside India through TCC DCIT v. Sudipta Maity ITA Nos.…
IT JudgementAfter Sachin Tendulkar, Saif Ali Khan Pataudi got relief for second House Property15 Dec 20180Saif Ali Khan Pataudi v. Asstt. CIT Decision: In assessee’s favour. Income from house property–Vacancy allowance–Property never let out–Applicability…
IT JudgementLicence fee paid for using MS Office software is a Capital expenditure or orevenue expenditure?15 Dec 20180Licence fee paid for using MS Office software is a Capital expenditure or orevenue expenditure? ILink Multitech Solutions (P) Ltd. &…
Income TaxSection 269T not applicable in respect of payment of interest15 Dec 20180Sec. 269T not applicable in respect of payment of interest; ITAT deleted sec. 271E penalty Where assessee builder could not…
Income TaxWithout documentary evidences, addition u/s 68 is justified15 Dec 20180Without documentary evidences, addition u/s 68 is justified Assessee had not furnished a single evidence or document to show as to…