No Section 194D TDS on expenses incurred in foreign travel of insurance agents if sum paid directly to services providers: Bombay HC
Revenue seem to believe that it is not enough for the assessee to please the deity (Income Tax Act) but must also please the priest (Income Tax Officer): Bombay High Court
“We wonder whether the officers ever bother to read before writing the reasons or recommending for approval or while granting approval”: Bombay High Court
Navi Mumbai CGST Commissionerate busts Input Tax Credit racket of more than Rs. 10 Crores – Arrests one businessman
Extension of 3 months would not serve the purpose if the technical glitches continues- Gujarat High Court in Southern Gujarat Income Tax Bar Association Vs UOI
MCA revises additional fees for Companies. For delay in certain filings, additional fee will go upto 18 times w.e.f 1st July 2022
If there are multiple basket & multiple option of the market rates are available then option which is most favourable to assessee needs to be adopted for determining inter-unit transfer price u/s 80-IA(8)
Reversal of ITC for the reason that the supplier is fake and non existing: A welcome judgment by High Court
If two views are possible and AO has adopted one view, CIT cannot presume that “it is prejudicial to the revenue”