Can ITC be availed on advances paid for goods or services?
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Can ITC be availed on advances paid for goods or services? Here is an interesting case — L&T ITHI…
Month: November 2024
Joint Development Agreement under the spotlight of the Income Tax Department
Joint Development Agreement under the spotlight of the Income Tax Department In a significant move, the Central Board of…
Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC
Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding:…
Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad
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
AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai…
Who are required to file GST Annual Return despite filing monthly returns?
Who are required to file GST Annual Return despite filing monthly returns? 1. GST Annual Return i.e. GSTR 9…
CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.
CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs. The CBDT…
How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past
How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past 1. LTCG tax…
No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period
No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period Here is an interesting…
CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year.
CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year. On November 16, 2024, the…
Bombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors
Bombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors Hindustan Unilever Ltd. (WRIT PETITION…
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year…
Whether exemption in the case of leave encashment is applicable to resignation too?
Whether exemption in the case of leave encashment is applicable to resignation too? 1. As per Section 10(10AA) of the…
Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court
Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court …
Annuity received from NHAI for road construction services – Whether exempt from GST?
Annuity received from NHAI for road construction services – Whether exempt from GST? Here is an interesting case – GMR…
The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification
The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification The Hon’ble Bombay…
Joint Development Agreement & Reduced LTCG rate of 12.50%
Joint Development Agreement & Reduced LTCG rate of 12.50%. Joint Development Agreement (JDA) has emerged as a popular and…
Only official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of the Income Tax Act: Delhi HC
Only official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of…
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