Place of Supply :

Following are some example which can helpful for determining Place of Supply : When There is Movement of Goods 1) Where the supply involves a movement of goods, the place of supply shall be determined by the location of the goods ...
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Taxability of subsidy !!

Taxability of subsidy CIT vs. Chaphalkar Brothers Pune (Supreme Court). Taxability of subsidies: A subsidy granted by the Govt to achieve the objects. Of acceleration of industrial development. And generation of employment is capital. in nature and not revenue. The fact ...
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Capital gains–Deduction under section 54– Investment in new asset after furnishing of return under section 54

Anita Ajay Shad v. ITO Decision: Against the assessee. Capital gains--Deduction under section 54-- Investment in new asset after furnishing of return under section 54 Capital gains Facts: Assessee sold certain property and claimed deduction under section 54 in respect of proceeds. Invested in ...
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Revisionary power of commissioner

Hitech Analytical Services v. Pr. CIT Decision:    Case remanded. Revision under section 264--Firm's expenses claimed in individual return-- Filed revised computation for both Facts: Assessee claimed expenses incurred on audit fees, car loan interest, depreciation, petrol expenses and travelling expenses in her individual return. AO ...
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Clarification on GSTR-1

GSTR Clarification from  The taxpayers whose aggregate turnover during preceding financial year exceeded Rs. 1.5 Cr or the new registrants who estimate their turnover to exceed Rs. 1.5 Cr during current financial year, have to file return on monthly basis. Filing ...
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Power to transfer the case

power to transfer case: Where assessee's case was transferred from one place to another in same city after an agreement was arrived at between concerned Heads of department, in view of provisions of sub-section (3) of section 127, assessee could not ...
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Applicability of time limit u/s 153(2A)

section 153(2A)  Nokia India (P) Ltd. v. Dy. CIT Decision:    In assessee's favour. Assessment--Applicability of time-limit under  section 153(2A) -- Proceedings remanded to AO--Non-cancellation of entire assessment order Facts: Question arose for consideration is whether limitation period prescribe under section 153(2A) would be applicable only where ...
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