Tax officers should not take advantage of an assessee’s ignorance to collect more tax out of him than is legitimately due to him: Karnataka HC
Court directed the Assessing Officer to dispose of the assessee’s rectification application under Section 154 within six weeks from the date of the Court’s Order.
GST on post purchase Cash discount for early payment of supply invoices (bills) given by the supplier of goods to the applicant without adjustment of GST
Whether capital contribution of the individual partners credited to their accounts in the books of the firm be taxed as cash credit in the hands of the firm? – An analysis by FCS Deepak Pratap Singh
Exercise of discretion to grant stay on IT demand cannot be arbitrary & 20% pre- deposit is not mandatory: HC
