No GST exemption on drilling of borewells and letting out of compressors for pumping of water from bore wells to agricultural fields
Receipts from sales out of stocks that were accepted during scrutiny can’t be treated as unexplained income
Sec. 54 exemption available even if capital gains arising from sale of multiple properties invested on 1 residential house
Applicability of TDS under section 194-I on lease premium payment to Mumbai Metropolitan Regional Development Authority
QRMP (Quarterly Return Monthly Payment) Scheme Vs. Regular Scheme of Return Filing: Which one is better?
No disallowance u/s 40A(2) on payment made to sister-in-law as she isn’t relative as per sec. 2(41): ITAT
Delhi High Court asked CIT to revise Form 3 order issued under VsV, imposing 125% rate of disputed tax instead of 100%
Andhra Pradesh High Court allowed filing of Form GST TRAN 1, directed dept to either open the GSTN portal or accept manual application
Reversal of ITC required on inputs contained in finished/intermediate goods if destroyed in fire: Gujarat AAR
Dear CA, Non validation of audit report at income portal would result in treating it as invalid, to attract provisions related to non-compliance.
In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid
If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then strict disciplinary action should be initiated against the concerned officer: Gujarat HC
Irregularities during search proceedings: Officer assured court that there would be no such complaint in future
