All expenses towards creation of a new asset or for enhancing capacity of existing asset are in nature of capital expenditure
All expenses towards creation of a new asset or for enhancing capacity of existing asset are in nature of capital…
IT Judgement
Supply of UPS along with battery should be considered as ‘Mixed Supply’: AAR
Supply of UPS along with battery should be considered as ‘Mixed Supply’: AAR Fact of the case: The appellant supplies…
No E-Way bill if transportation of personal effects:HC
No E-Way bill if transportation of personal effects:HC Facts of the case: An individual purchased a car from a…
Provisions of IBC upheld by Hon’ble Supreme Court
Provisions of IBC upheld by Hon’ble Supreme Court
Assessee had to only write off debts as irrevocable in its account and not required to prove that they had become bad for its deduction
Assessee had to only write off debts as irrevocable in its account and not required to prove that they had…
Admissibility of exemption u/s 54 if construction of house was commenced even before the date of transfer of original asset
Admissibility of exemption u/s 54 if construction of house was commenced even before the date of transfer of original asset…
Foreign agent commission and reimbursement of expenditure were not taxable in India and hence, section 195 had no application.
Foreign agent commission and reimbursement of expenditure were not taxable in India and hence, section 195 had no application. (2018)…
Disallowance u/s 43B if Liability to pay service tax not existed
Disallowance u/s 43B if Liability to pay service tax not existed When assessee did not receive any amount from its clients,…
Capital gains on sale of Land acquired through inheritance
Capital gains on sale of Land acquired through inheritance Assessee having acquired the land by way of succession/inheritance from her…
GST: Parallel proceeding & Enquiries by different officers in respect of same subject
GST: Parallel proceeding & Enquiries by different officers in respect of same subject 2018 TaxPub(GST) 0912 (Bom-HC) IN THE…
Landmark Judgement in favor of Revenue: Commissioner of Customs (Import), Mumbai Vs. M/s. Dilip Kumar and Company & Ors.
Landmark Judgement in favor of Revenue: Commissioner of Customs (Import), Mumbai Vs. M/s. Dilip Kumar and Company & Ors. Commissioner…
No revision u/s 263 allowed if appeal against order of AO was pending before CIT(A): Madras HC
No revision u/s 263 allowed if appeal against order of AO was pending before CIT(A): Madras HC I Where assessee…
Whether services rendered by the intermediary to the students of foreign universities are export of services?
Whether services rendered by theintermediary to the students of foreignuniversities are export of services? [Global reach education services (p) Ltd…
In order to invoke provisions of section 13(2)(c), it is essential to prove that amount paid to person referred to in sub-section (3) of section 13 is in excess of what may be reasonably paid for services rendered
In order to invoke provisions of section 13(2)(c), it is essential to prove that amount paid to person referred to…
Some useful judgements on scope of rectification u/s 154.
Some useful judgements on scope of rectification u/s 154. (I) The term “record” means record of all proceedings leading to…
Failure to issue Form No. 16: We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict measures contemplated by law against them: High Court
N THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.2537 OF 2018 Ramprakash Biswanath Shroff…
CBDT clarifies – Section 56(2)(x) even applies to fresh issue of Shares by the Company. Controversy continues
CBDT clarifies – Section 56(2)(x) even applies to fresh issue of Shares by the Company. Controversy continues Any firm or…
Second proviso to s. 40(a)(ia) is beneficial to the assessee and is declaratory and curative in nature
The second proviso to s. 40(a)(ia) is beneficial to the assessee and is declaratory and curative in nature. Accordingly, it…
(ia) is beneficial to the assessee and is declaratory and curative in nature){kind=link}
(ia) is beneficial to the assessee and is declaratory and curative in nature&description=&image=https://thetaxtalk.com/wp-content/uploads/2019/01/Untitled-117-min.png){kind=link}