GST: Input tax credit when Goods or services or both used by registered person partly for effecting taxable supplies and party for effecting exempt supplies
Non-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.
Non-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.
“There is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly all material facts necessary for assessment” ITAT Kolkata quashing reassessment proceeding
“There is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly all material facts necessary for assessment” ITAT Kolkata quashing reassessment proceeding
Bank instructed to refund the charges received on or after 01.01.2020 for compliance to section 269SU: A welcome move by CBDT
Bank instructed to refund the charges received on or after 01.01.2020 for compliance to section 269SU: A welcome move by CBDT
“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting it
“Goodwill’ is an asset under Explanation 3(b) to S. 32(1) – Principle of ejusdem generis would strictly apply while interpreting it
Validity of Addition under section 68 when redeemable preferential shares have been redeemed to the investor companies in subsequent years which was much prior to the search
No disallowance under section 40A(2)(b), once the net profit is estimated at a certain percentage of turnover
Caution Point: When co-owners employ their assets in a joint enterprise with a view to earn profit, by reason of their common purpose or common action they constitute an AOP
