GST: Validity of Detention of goods along with vehicle for the reason of Undervaluation of goods due to heavy discount
GST : Admissibility of Input tax credit on GST paid on goods and services used for construction of Tie-in pipelines
When parties enter into a family arrangement, the validity of the family arrangement is not to be judged with reference to whether the parties who raised disputes or rights or claimed rights in certain properties
Capital gains exemption admissible even if assessee didn’t get legal title to land due to pending litigation
While a family arrangement/settlement does not amount to a “transfer” u/s2(47) as it only recognizes “pre-existing rights” between the parties, the same applies only to members of the families and not to transfers made by corporate entities.
Beneficial Interpretation Disallowance u/s 40a(ia) is not attracted if deduction is done in wrong section or if there is a shortfall in deduction
Gujarat High Court held that the permanent account number (PAN) cannot be declared inoperative due to non-linking of Aadhaar or Aadhaar Number.
Claim of Input Tax Credit of the petitioner firm has been rejected and interest has been imposed upon the petitioner firm, as provided under Section 30 of the Jharkhand Value Added Tax Act, 2005
When interest free funds are available to the assessee which were sufficient to make its investments, it would be presumed that the investments were made from the interest free funds available with the assessee.
