the taxtalk

the taxtalk

Trust or institution – Object to develop training and research centre to facilitate skill development to entire chain of work force engaged at various levels in garment and textile industry entitle for registration under provisions of Section 12AA.   Gear Training and Research Foundation. v. CIT (E) ( 2021) 92 ITR 28 ( SN) (Jaipur) …
Continue reading Trust or institution – Object to develop training and research centre to facilitate skill development to entire chain of work force engaged at various levels in garment and textile industry entitle for registration under provisions of Section 12AA.

PREAMBLE: The Present Appeal arising out of order dated 21st March, 2022 passed by National Company Law Tribunal, Division Bench – I, Chennai Bench in CP/IB/75/2021 along with IA/839/CHE/2021 and IA/844/CHE/2021.     Mr. Amar Vora v City Union Bank Ltd. National Company Law Appellate Tribunal, Chennai Bench Company Appeal (AT) (CH) (Ins) No. 130 …
Continue reading PREAMBLE: The Present Appeal arising out of order dated 21st March, 2022 passed by National Company Law Tribunal, Division Bench – I, Chennai Bench in CP/IB/75/2021 along with IA/839/CHE/2021 and IA/844/CHE/2021.

More than 1100 Amendment in GST Law by the Government – Dealers not allowed to rectify just one Mistake  

Excess Stock declared to bank is taxable as Unexplained Investment: HC MP High court has recently held that the Value of stock submitted with bank in excess of what is reported in books to be held as unexplained investment. The case details and kta short overview is as under: *Suraj Bhan Oil (P.) Ltd. v. …
Continue reading Excess Stock declared to bank is taxable as Unexplained Investment: HC

Incomplete GSTR-2B in some cases – Regarding. 15/05/2022 It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible In GSTR-2A of such reciplents.   2.  The technical team is working to resolve this issue for the …
Continue reading Incomplete GSTR-2B in some cases – Regarding.