Bahrain VAT – 48 Things you must know!

Supply of medicine, food etc. in hospital is composite supply

Closing inventory valuation has to be done including GST and taxes!

Income Tax Act, 1961, Section 271(1)(b) Whethee Penalty under section 271 (1)(b) can be levied for Non-compliance of notices of notice under section 274(1) is not issued?

Validity of Assessment Notice issued u/s 143(2) on the basis of original return of income instead of revised return

No addition on account of notional interest on interest free advance permissible if Assessee’s have sufficient surplus in capital account

5200 GST Registration to be cancelled !

Where net profit estimated by AO then disallowance under section 40(a)(ia) towards Payment without TDS can be done

Empowering GST Officers under CGST & SGST

Validity of Transitional input tax credit on the Principles of Natural Justice where Credit is denied by issuing a show-cause notice

High Court imposes Rs. 1.50 Lakh cost on Income Tax officers for raising demand without valid notice to Assessee

Demo cars indispensable for sales promotion, allows ITC on same as capital goods: AAR

DTAA between India and Austria

Central GST Authoritoes & State GST Authorities are free to poach or encroach into each other’s Taxpayer Territory

No need to prove occasion for receiving gifts from relative; ITAT Indore deleted sec. 68 additions

Deemed Dividend u/s 2(22)(e) Whether only a proportionate addition can be made by considering percentage of the shareholding?

If supported by the documents on record, AO cannot treat transaction as Non-genuine due to extraneous considerations

If additions by authority is Deleted, Penalty cannot Survive!