Landmark Judgment: Opening balances can not be treated as unexplained cash credit u/s 68
Landmark Judgment: Opening balances can not be treated as unexplained cash credit u/s 68 Short Overview : It is only the…
IT Judgement
Landmark Judgment: Expenses incurred for earning remuneration from partnership firm is an allowable expenditure
Landmark Judgment: Expenses incurred for earning remuneration from partnership firm is an allowable expenditure Short Overview : Where Supreme Court in…
Though the assessee has not proved the genuineness of the purchases and sales, yet if the AO has accepted the sales, the entire purchases cannot be disallowed.
Though the assessee has not proved the genuineness of the purchases and sales, yet if the AO has accepted the…
Electronic assessment proceedings, though laudable, “can lead to erroneous assessment” if officers are not able to understand the transactions and statement of accounts of an assessee without a personal hearing : Madras HC
Electronic assessment proceedings, though laudable, “can lead to erroneous assessment” if officers are not able to understand the transactions and…
No disallowance under section 40A(2) if there is no material on record to demonstrate that payment made was excessive and unreasonable
No disallowance under section 40A(2) if there is no material on record to demonstrate that payment made was excessive and…
Validity of Circular No. 37/2018-Customs, dated 09-10-2018 vs. Refund-IGST paid for the goods exported from India
Validity of Circular No. 37/2018-Customs, dated 09-10-2018 vs. Refund-IGST paid for the goods exported from India IN THE MADRAS HIGH…
Vivad se Vishwas scheme – 2020 with all proposed changes.
Vivad se Vishwas scheme – 2020 with all proposed changes. 10 points of Vivad se Vishwas scheme – 2020…
Validity of Denial of exemption under section 11 to charitable trust for the reason of Excessive payment of salary and professional fees to Doctors
Validity of Denial of exemption under section 11 to charitable trust for the reason of Excessive payment of salary and…
ITAT Kolkata deleted share capital addition even after considering NRA Steel Judgment
ITAT Kolkata deleted share capital addition even after considering NRA Steel Judgment ITAT Kolkata deleted share capital addition even after…
Validity of Penalty u/s 271D on Contravention of section 269SS for Cash loans taken on account of sister’s marriage
Validity of Penalty u/s 271D on Contravention of section 269SS for Cash loans taken on account of sister’s marriage Short…
No disallowance under section 43B for non payment of tax within due date if Assessee has not routed it through profit and loss account
No disallowance under section 43B for non payment of tax within due date if Assessee has not routed it through…
CTC excellent Representation on Sectjom 269SU : Request to exclude entity engaged only in B2B, 100% Export Oriented Unit & Foreign Enterprises !!
CTC excellent Representation on Sectjom 269SU : Request to exclude entity engaged only in B2B, 100% Export Oriented Unit &…
Validity of Reassessment Notice under section 148 if there is no service of notice at address given in PAN card but Department have access to address given by assessee to bank
Validity of Reassessment Notice under section 148 if there is no service of notice at address given in PAN card…
Fees charged for banking services, whether to be construed as commission liable for TDS U/s 194H?
Fees charged for banking services, whether to be construed as commission liable for TDS U/s 194H? short Overview: Where no assessment…
Landmark Judgement : Acquiring property on lease for period exceeding 12 year eligible exemption u/s 54F exemption: Chennai ITAT
Landmark Judgement : Acquiring property on lease for period exceeding 12 year eligible exemption u/s 54F exemption: Chennai ITAT Ramaswamy…
Gujarat HC quashes levy of IGST ocean freight on transportation of goods by a vessel
Gujarat HC quashes levy of IGST ocean freight on transportation of goods by a vessel Holds that “Notification No.8/2017 –…
Tax deduction at source u/s 194H on payment to bank for Credit Card transaction processing
Tax deduction at source u/s 194H on payment to bank for Credit Card transaction processing Short Overview : Commission paid to…
Applicability of Tax deduction at source Under section 195 on Payment of commission charges to overseas agents
Applicability of Tax deduction at source Under section 195 on Payment of commission charges to overseas agents Shart overview: Where non-resident…
