If credit is there in the business account, it is “Income from Business: SC
If credit is there in the business account, it is “Income from Business: SC There is an old landmark judgmenet…
Income Tax
Reassessment notices issued u/s 148 after 01.04.2021 quashed by Madras High Court also
Reassessment notices issued u/s 148 after 01.04.2021 quashed by Madras High Court also The Madras High Court on the issue of…
Minimum seven working days advance notice of such personal hearing should be granted: Bombay High Court
Minimum seven working days advance notice of such personal hearing should be granted: Bombay High Court Hon’ble the Bombay High…
CBDT releases observation on IT search at BMC contractors and a prominent person in Mumbai
CBDT releases observation on IT search at BMC contractors and a prominent person in Mumbai The Press Information Bureau, Delhi…
Validity of Rejection of books of accounts u/s 145
Validity of Rejection of books of accounts u/s 145 Here is one interesting case on the rejection of the…
Job work services undertaken by the applicant on the materials belonging to other registered persons are taxable at 12%.
Job work services undertaken by the applicant on the materials belonging to other registered persons are taxable at 12%. …
Income Tax Authorities could not be asked to hand over documents to Police.
Income Tax Authorities could not be asked to hand over documents to Police. Thie Karnataka HC has I’m a recent…
Calcutta HC ordered the refund of tax and penalty levied for expiry of one day in the e-way Bill
Calcutta HC ordered the refund of tax and penalty levied for expiry of one day in the e-way Bill In…
Theory of Human Probability
Theory of Human Probability It is also important that when we examine the genuineness of the transactions entered into…
The existence of books of account is a condition precedent for invoking of the power of addition under section 68
The existence of books of account is a condition precedent for invoking of the power of addition under section 68…
Time given to assessee to file response against draft assessment order was only 1 day: Bombay HC set aside the assessment
Time given to assessee to file response against draft assessment order was only 1 day: Bombay HC set aside the…
Key Features of the Limited Liability Partnership (Second Amendment) Rules, 2022
Key Features of the Limited Liability Partnership (Second Amendment) Rules, 2022 1. There can be 5 Desiganted partners (without having…
Before you Borrow Money- Know about the source of the Lender
Before you Borrow Money- Know about the source of the Lender Conversion of black money through loans and advances has…
Section 263 revisonary proceedings under Income Tax Act, 1961 against a dead person are null and void
Section 263 revisonary proceedings under Income Tax Act, 1961 against a dead person are null and void Author…
Taxation of Non-Resident Individual (NRI) Part 3 : FAQ’S on Taxability of NRI By: Ayushi Raja
Taxation of Non-Resident Individual (NRI) Part 3 : FAQ’S on Taxability of NRI By: Ayushi Raja (The author is…
Landmark Judgement by Hon’ble supreme Court : Dues of Secured Creditor has priority over Dues of Central Excise Dept.
Landmark Judgement by Hon’ble supreme Court : Dues of Secured Creditor has priority over Dues of Central Excise Dept. There…
The management of business affairs in a company is not the sole duty of a Director, the results of a company’s performance is a team work of the Board of Directors: NCLT, Kochi
The management of business affairs in a company is not the sole duty of a Director, the results of a company’s performance is a team work…
Deduction towards Expenditure on freebies to medical professionals & violation of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002
Deduction towards Expenditure on freebies to medical professionals & violation of Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations,…
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