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
ITC is allowed on rooftop solar system affixed on building roof as it qualifies as plant and machinery
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: 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
No GST exemption available on providing practical training to nursing students and psychologists: Karnataka AAR
CBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed