Severance Pay received by employee for loss of job is capital receipt & not taxable under the Income Tax Act

Provision for ‘sales incentive’  is deductible under Sec. 37(1): Bombay  HC

Payment to UK company for providing access to software to member firms is not taxable: Delhi HC

CBI arrested CGST officer in a bribery case

A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata

Sale of Agricultural Land is not liable for capital gain tax if it is not a capital asset

Gifting of “Brand” to corpus of Private Trust is not taxable: ITAT Mumbai

An Excellent Representation for Extension of Date of ITR by Chartered Accountant Association, Jalandhar

Taxability of Minor Income

ITC cannot be availed on works contract services for construction of an immovable property except for erection of plant & machinery.

Supply of Bill without supply of Goods: Fake ITC Bill Racket busted by CBST Mumbai of Rs. 3000 Cr

Whether Rotary / Lions/Jaycees etc liable fro GST on contributions from the members for meetings and other petty administrative expenses

No TDS if the payee is not-identifiable

Interest on Housing Loan: Points & Precautions

Bogus purchases of Rs. 250 Cr discovered during Income Tax Raids in West Bengal

Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including bank lockers of such unconnected third parties)

CPC was not justified in disallowing the delayed payment of PF/ESIC

Input Tax Credit & dummy and sham firms – fake and fabricated invoices without supply of any physical goods