If the assessee uses motor lorries partly for own use and for hire charges he is not entitled to claim excess depreciation @ 30% as per the provisions of Sec. 32 of the Income Tax Act
If the undertaking is held for more than three years, it constitutes a “long-term capital asset” even if it consists of the some depreciable assets
Interesting Issue in GST : Admissibility of Input tax credit on Motor vehicle used for demonstration purpose
Capital Gain Exemption first, Loss adjustmentthereafter: Jaipur ITAT allowed capital gain exemption u/s 54F before set off of loss of other assets.
Music formed the raw material for assessee engaged in manufacturing and sale of music cassettes, compact discs (CDs) etc.
No GST payable on the mobilization advance which has been received prior to implementation of GST for providing works contract service
Rule 11 of ITAT Rules, 1963 empowers the appellant to urge any ground not set forth in the memorandum of appeal & it also empowers Tribunal
GST : GST on Printing services provided on the direction of foreign entity to recipient located in India
GST: Eligibility and conditions for taking input tax credit in case of Zer o Rated supply & Refund of IGST paid on Export of goods
Exemption under section 10(13A) on House Rent Allowance (HRA)- Performance bonus whether part of salary?
GST : Seizure of goods alongc with conveyance & Requirement to furnish bank guarantee equivalent to amount of his liability
No addition as undisclosed income if Revenue failed to bring on record that the amount in fact belonged to Assessee
Assessment on Excess capitalization of asset and consequently excess depreciation claimed by assessee in collusion with contractors
Validity of Search and seizure assessment if AO issued notice under section 153C instead of section 153A
Prescribed Authority under Section 133C notified by CBDT vide Notification No. 66/2020, Dated: August 13, 2020.
