Admissibility of deduction u/s 40A(3) if the assessee made cash payments exceeding prescribed limit in supplier’s bank account directly
Hon’ble Gujarat high court disposes the petitions on assurance by CBDT for resolution of technical glitches
Whether HUF can be a fictional entity or a group of natural persons who can reside in the house and take benefit of Sec 23(2)?
GST: Basis for computation of quantum of redemption fine payable in lieu of confiscation for release of goods is market value of goods and not MRP
GST – ITC cannot be availed on works contract service for construction of factory building whether such construction is on own account or otherwise; ITC will be available on plant and machinery including machine foundation
Limitation extension order passed by the Supreme Court in view Covid-19 applicable to applications filed for refund of GST
GST : Limitation mentioned in para 3 of Press release dated 18-10-2018, clarifying that last date for availing ITC for invoices issued from July, 2017 to March, 2018 is last date for filing return FORM GSTR-3B for month of September, 2018 is valid.
No violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)
No penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency
Appreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd
