Ministry of Corporate Affairs (MCA) has exempted incorporation fee for firms having share capital up to Rs 15 lakh.
Ministry of Corporate Affairs (MCA) has exempted incorporation fee for firms having share capital up to Rs 15 lakh. MCA…
IT Judgement
No adhoc addition on estimation basis sustainable if assessee submitted every entry of trading account before the Adjudicating Authorities
No adhoc addition on estimation basis sustainable if assessee submitted every entry of trading account before the Adjudicating Authorities Hari…
No denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record
No denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record [2019]…
Ad hoc additions & disallowances cannot be sustained without any specific defect in the books of accounts
Ad hoc additions & disallowances cannot be sustained without any specific defect in the books of accounts Business Expenditure Salary…
ITAT, Mumbai deleted capital gain computation done on the basis of Stamp Duty Valuation
ITAT, Mumbai deleted capital gain computation done on the basis of Stamp Duty Valuation It is mechanically followed by the…
AO cannot reopen to investigate into the source of genuineness and creditworthiness of the investors as it falls within the realm of fishing enquiries which is wholly impermissible in law
AO cannot reopen to investigate into the source of genuineness and creditworthiness of the investors as it falls within the…
CIT is not entitled to withdraw s. 12A registration on the ground that the activities of the trust are no longer charitable after the insertion of the proviso to s. 2(15).
CIT is not entitled to withdraw s. 12A registration on the ground that the activities of the trust are no…
If the predominant purpose is charitable, the earning of profit from an incidental activity like letting of property does not affect the charitable status.
If the predominant purpose is charitable, the earning of profit from an incidental activity like letting of property does not…
AO has to take into account the manner in which the business works, the modalities and manner in which SAP/additional purchase price/final price are decided and determine what amount forms part of the profit: Supreme Court
AO has to take into account the manner in which the business works, the modalities and manner in which SAP/additional…
Classification of goods on supply of printed Educational books as per instruction of School Education Department
Classification of goods on supply of printed Educational books as per instruction of School Education Department 2019 TaxPub(GST) 0122 (AAR-Chhatt)…
HC deleted additions as no order was passed by Rent Control Tribunal fixing higher rent of assessee’s premises
HC deleted additions as no order was passed by Rent Control Tribunal fixing higher rent of assessee’s premises [2019] 103 taxmann.com 190…
Maharashtra state withdrawal all sales tax cases
Maharashtra state withdrawal all sales tax cases Maharashtra state withdrawal all sales tax cases Order for withdrawal of pending assessment…
ESOP: HOLDING PERIOD IS TO BE CALCULATED FROM THE DATE OF GRANT IN CASE OF TRANSFER OF UN-EXERCISED STOCK OPTION
ESOP: HOLDING PERIOD IS TO BE CALCULATED FROM THE DATE OF GRANT IN CASE OF TRANSFER OF UN-EXERCISED STOCK OPTION.…
Interest on TDS & Service Tax is allowable expenditure
Interest on TDS & Service Tax is allowable expenditure An interesting judgment is delivered by ITAT Kolkata with regard to…
Important Judgment of High Court: Beware of time limit for filing appeal under GST law against GST order passed by GST Authority
Important Judgment of High Court: Beware of time limit for filing appeal under GST law against GST order passed by…
Controversy: Letting out space on terrace of the building to mobile companies is Income from house property or Income from other source ?
Controversy: Letting out space on terrace of the building to mobile companies is Income from house property or Income from…
Interesting Judgement- No disallowance under section 40A(3) if Cash payments exceeding the prescribed limit is done by partners on behalf of the firm
Interesting Judgement- No disallowance under section 40A(3) if Cash payments exceeding the prescribed limit is done by partners on behalf…
Mere filing of documents as proof of Identity and Bank Statement shall not prove the Creditworthiness of the applicant company: SC
Mere filing of documents as proof of Identity and Bank Statement shall not prove the Creditworthiness of the applicant company:…
