Amount received by the assessee from the HUF, being its member, is a capital receipt in his hands and is not exigible to income tax.
Landmark Judgment : Notice under section 143(2) had not been issued and served to assessee at correct address within the period of limitation and therefore, entie assessment order was vitiated.
GST refund claim rejected : Gujarat HC directed GST Authorities to look into matter and take an appropriate decision
Order issued by GST Authority on seizure of goods, imposition of tax & penalty is appealable under GST: Karnataka HC
Modi Mission : CBDT has compulsorily retired yet another 15 very Higher senior officers of Income Tax Department
Once income had been treated as unexplained cash credit under section 68, it could not be treated as business income and, therefore, deduction under section 80P(2) could not be allowed
Whether Payment made by Assessee Hospital for catering services is a technical service liable for TDS U/s 194J ?
Composite supply or mixed supply if Contract is for supply, Installation, testing & commissioning Air-Conditioners ?
Landmark Judgement : Assessee could not be held liable for levy of late filing charges under section 234E for the period prior to June, 2015 in the absence of amendment to section 200A
Whether recent date extension is applicable to Non audit cases of Companies, Trust and Societies or not?
Important Issue : Taxation on Reconstitution of partnership firm and division of assets between retiring and continuing partners through family arrangement.
