TDS Default : Provisions of section 271C are applicable for not only failure to deduct tax but also failure to remit tax deducted to Government account.
CIT(A) erred in deleting the addition made on account of capitalization of share listing expenses and deleting the disallowance made on account of community Development (Donation) expenses u/s 37(1) of the Income Tax Act, 1961.
There is no “transfer” under Section 2(47)(v) of the Income Tax Act, 1961 read with Section 53-A of the Transfer of Property Act ,if possession is delivered to a developer in his capacity as licensee for the development of property and not in his capacity as transferee.
GST : ITC restrictions further tighten. Margin without reflecting in GSTR 2A, reduced From 20% to 10% .
Profit arising from sale of shares to assessee was to be regarded as business income where more than 200 transactions of sale and purchase of shares took place throughout year through various share brokers
ITAT held that Section 24(b) and Section 48 are covered under different heads and neither of the sections exclude operation of the other
Scheme containing the terms and conditions for the Empanelment of Chartered Accountants for the office of the Official Liquidator attached to the High Court of Gujarat Effective from 3.12.2019
Penalty under Section 76 of the Finance Act, 1994 can be imposed for mere default/delay in payment of Service Tax in addition to the penalty under Section 78 and these penalties are mutually exclusive and even if offences are committed in the course of same transaction or arise out of same act, penalty is imposable for ingredients of both offences.”
Tariff Notification No. 90/2019-Customs (N.T.) dated 13.12.2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Arecanut, Gold & Silver
