GST registration required for Charitable Trust running medical store to give medicines without profit: Gujarat HC
Merely because the assessee claimed deduction which has not been accepted by the Revenue do not amount to furnishing inaccurate particulars regarding the income of the assessee.
Self-acquired property of deceased Hindu governed by Dayabhaga school devolving in heirs is an individual property and not HUF Property.
A proviso cannot be construed as enlarging the scope of an enactment when it can be fairly and properly construed without attributing to it that effect.
A sudden search and seizure may unnerve the inmates of the place where the search is made. But this is to be expected: Supreme Court
In case money is borrowed by a newly started company which is in the process of constructing and erecting its plant, the interest incurred before the commencement of production on such borrowed money can be capitalised and added to the cost of the fixed assets: Supreme Court
No penalty should be imposed unless the party either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest: Supreme Court
Stay of demand may be granted if additions were made are debatable and thus assessee has made prima facie case.
Where the assessee objects to the adoption of stamp duty valuation as deemed sale consideration during the assessment proceedings, the AO is duty bound to make a reference to the DVO to determine the value of the property as per s. 50C(2).
For the purpose of determination of deemed consideration u/s 50C of the Act, stamp duty value of the property as on the date of execution of agreement to sale should be adopted, instead of value on the date of execution of sale deed.
Applicability of GST on painting, old car, old jewellery, antique jewellery, old watches, antique watches, collectibles
No penalty for non audit if Assessee is prevented by reasonable cause for not getting its accounts audited u/s 44AB within prescribed time
