“Expenditure” covers even a case of loss even though the said amount has not gone out from the pocket of the assessee.
Action of competent authority in collecting amount from petitioner towards tax and penalty under threat of detention of vehicle carrying goods for an absurd reason (‘wrong destination’) when the vehicle in question carried all the proper documents evidencing that it was an inter-State sale transaction was clearly arbitrary, violative of Articles 14, 265 and 300-A of Constitution of India: HC
Manipulation in income having tax effect of Rs. 350 crore found during search on leading film actress/producer: CBDT
Court directed GSTN to allow the petitioner to rectify his entries in GSTR- 3B return which was submitted by the petitioner mistakenly on account of genuine bonafide human error
Amounts received by employees under a Voluntary Retirement Scheme are entitled to relief under Section 89 (1) in addition to the exemption granted under Section 10 (10C) (viii)
There is no legal justification for withholding the amount which is otherwise refundable to the assessees in passing of any assessment orders for the relevant assessment years
Goods Value Rs. 4.49 Lakh but RTP supply them on Rs. 8.99 only, No Eway Bill required as Value of Supply in Tax Invoice is less than 50K.
Charitable trust: Whether Registration under section 12AA is allowable if Assessee-society established and registered abroad and not in India?
Validity of denial of accumulation of income of trust merely for the reason that purpose specified in Form No.10 is vague and general in nature
No addition u/s 68 sustainable if assessee is not maintaining books of accounts due to presumptive scheme of taxation
