Interest on borrowed capital is not disallowable if interest free Loan given to sister concern is out of the interest free fund

No TDS requiere on ayments made to bank towards credit card charges: Mumbai ITAT

No possession, No purchase deed: Still exemption against long term capital gain granted

ITAT Bench : Summer schedule of non bench Sitting of ITAT

Agricultural income during demonetisation under I-T Scanner

Admissibility of Input tax credit on GST charged by contractor for hiring of buses for transportation of employees

No cancellation of registration as cash deposited in old denomination notes was from fees collected from students

Interesting case : Sending of notice to old address of assessee in a mechanical way would result in proceeding as null and void

HC directed GST authorities not to impose demand/penalty as revised GSTR-3B was filed manually due to problem in system

Transfer of shares without filing of share certificates is invalid under the Cos. Act

Sec. 271AAA penalty deleted as assessee disclosed manner of earning undisclosed income; SLP dismissed

Transfer of shares could not be tantamount to transfer of assets of company: HC

Notice issued on dead person was invalid, such notice could not bind legal heirs unless proper notice was issued on them

Non-production of directors of subscriber companies & validity of addition under section 68

Applicability of TDS on boarding and lodging expenses of auditors borne by assessee

Order No. 49 of 2019- Promotion in the grade of Pr. CCIT

GST : Tough time for Practitioners

Discount cannot be equated to commission for TDS u/s 194H