Dear Taxpayer, if you have deducted tax at source but failed to credit the same to government account within prescribed time then you could not escape from the rigour of prosecution under section 276B.
CBDT introduced checks for recovery proceeding, asked to strictly adhere to the Second Schedule of the Income-tax Act
Classification of supply: Repairing and servicing of transformers owned by another person-Whether job work or composite supply?
Allowability of Deduction under section 10A/10AA on Profit enhanced due to disallowance under section 40(a)(ia)
Deemed dividend under section 2(22)(e): Receipt of advance vis-a-vis no accumulated profit in case of lending company
Addition merely on the basis of information obtained from other department is not sufficient to treat the transactions as bogus
Validity of Prosecution under section 276B read with section 278B on failure to deposit TDS to government account
Transaction could not be regarded as colorable device merely on the reasoning that there was no tax liability arising in the hands of seller being wife of the assessee.
Transaction could not be regarded as a colorable device merely on the reasoning that there was no tax liability arising in the hands of the seller being the wife of the assessee.
GST : Classification of services & Rate of Tax when Restaurant is located in the same premises as Hotel
