CIT ‘s order is contradictory to the provisions of section 119(2)(b) of the Income-tax Act by allowing the appeal of the assessee without appreciating the legal position that, if the return was not selected for the scrutiny assessment u/s. 143 of the Income tax Act
Section 56(2)(viia) cannot apply to a foreign company as Rule 11U(b)(ii) (prior to 01.04.2019) which defines “balance sheet‟ was not applicable to a foreign company.
The Respondent has denied the benefit of Input Tax Credit( ITC) to the buyers of the flats being constructed by him is in contravention of the provisions of Section 171 (1) of the CGST Act, 2017
Interesting case: Capital gain Exemption if Payments towards purchase of plot is done prior to one year of capital gain exemption
The tax rate applicable on the supply of construction service to land owner in lieu of transfer of development rights to the promoter’s portion is liable to tax @ 9% under CGST and 9% under KGST.
Carry forward and set-off of Unabsorbed depreciation & Effect of Circular No. 14 of 2001 with amendment by the Finance Act, 2001
Applicability of Tax deduction at source u/s 195 on Commission paid to foreign agents for procuring export orders
Expenditure incurred towards installation of software where no enduring benefit is conferred is a Capital or revenue expenditure?
Temporary Diversion of 7 posts of Pr. Commissioner/Pr.ADG and Commissioner/ADG of CBIC for drawal of pay and allowances
Landmark Judgment : Section 54 exemption is available if assessee purchases multiple residential units in same building
Whether purchases corresponding to the excess stock found during Survey would be allowed as deduction ?
