Section 115TD – An overview of the applicability of tax where the charitable institution ceases to exist or converts into a non-charitable organization

*GST PORTAL ADVISORY:* Enhanced E-Invoicing Initiatives & Launch of Enhanced E-invoice portal

Transfer of development rights under Joint development agreement (JDA) distinct from sale of land.

Relevance of Tax Residency Certificate, while claiming the benefit of the double taxation avoidance agreement

Numerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT

Implementation of e-Verification Scheme-2021: Press release by CBDT

ITC is allowed on rooftop solar system affixed on building roof as it qualifies as plant and machinery

ITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B

TRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023)

CIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta HC

GST Rate & HSN Code for Coal, Petroleum & other fossil fuels

How to claim TDS refunds if it is not shown in the ITR filed

GST Portal to share data with RBI’s frictionless credit platform

HC holds GST Compensation Cess is not exempt on import of goods by SEZ

GST: Failure to generate e-way bill on time without having any poyential financial implications is a mere technical errors & should not be a ground for imposition of penalties

Provisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only applicable in case of transfer of shares

Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC

No GST exemption available on providing practical training to nursing students and psychologists: Karnataka AAR