Category: Income Tax

Kerala High Court upheld the GST registration cancellation as appellant had been delaying payment of CGST & SGST   COMPLETE ORDER Kerala High Court in the case of Magnamind Ventures (P) Ltd. Vs State of Kerala Appeal Number : WA. No. 658 of 2020 Date of ...

Income Tax Raid at Kanpur, Gorakhpur, Noida, Delhi and Ludhiana: Shocking revelation - Accommodation entries of more than Rs. 100 crore in the form of non-genuine unsecured loans, Tax Driver is one of the Directors in the companies Government of ...

Inter State Fake Invoice racket with fake transactions valued at over Rs. 131 Crore value busted by DGGI Ministry of Finance Inter State Fake Invoice racket with fake transactions valued at over Rs. 131 Crore value busted by DGGI involving fraudulent ...

Stamp Duty Valuation u/s 50C cannot be ignored while computing Capital Gain exemption u/s 54F: Section 50C provides for adoption of stamp duty valuation as the full value consideration for computation of capital gain u/s 48 whereas Section 54F offers ...

Some Common Mistakes committed by insolvency professionals in conduct of corporate insolvency resolution process Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Facilitation/005/2020 13th November, 2020 To All Registered Insolvency Professionals All Registered Insolvency Professional Agencies All Recognised Insolvency Professional Entities All Registered ...

Assessee can be asked to prove Source of Credits but Not Source of Source Lalchand P. Dhariwal Vs ITO (ITAT Surat)  I.T.A. No. 2623/AHD/2016 Short overview of the case:  ITAT observed that shri Kamlesh Dhariwal, son of the assessee, has filed confirmation in ...

Taxation on Gift, Inheritance, Investment & sale of Gold “Gold is money. Everything else is credit” - J. P. Morgan. Diwali, India’s biggest festival is celebrated with traditional clay oil lamps, dazzling lights, colorful Rangoli & lanterns. It is also regarded ...