Gifting of “Brand” to corpus of Private Trust is not taxable: ITAT Mumbai
Gifting of “Brand” to corpus of Private Trust is not taxable: ITAT Mumbai Balaji Trust [TS-1092-ITAT-2021(Mum)] Here is an interesting…
Income Tax
An Excellent Representation for Extension of Date of ITR by Chartered Accountant Association, Jalandhar
An Excellent Representation for Extension of Date of ITR by Chartered Accountant Association, Jalandhar CHARTERED ACCOUNTANTS ASSOCIATION (C R Building,…
Taxability of Minor Income
Taxability of Minor Income Author CA. Sahil Dhingra Introduction: Any person under the age of 18…
Supply of Bill without supply of Goods: Fake ITC Bill Racket busted by CBST Mumbai of Rs. 3000 Cr
Supply of Bill without supply of Goods: Fake ITC Bill Racket busted by CBST Mumbai of Rs. 3000 Cr The…
Whether Rotary / Lions/Jaycees etc liable fro GST on contributions from the members for meetings and other petty administrative expenses
Whether Rotary / Lions/Jaycees etc liable fro GST on contributions from the members for meetings and other petty administrative expenses…
No TDS if the payee is not-identifiable
No TDS if the payee is not-identifiable In the case of Pfizer Ltd, Mumbai vs Department of Inocme Tax (ITA Nos…
Interest on Housing Loan: Points & Precautions
Interest on Housing Loan: Points & Precautions Query] During covid, the banks have given us an option to stop the…
Bogus purchases of Rs. 250 Cr discovered during Income Tax Raids in West Bengal
Bogus purchases of Rs. 250 Cr discovered during Income Tax Raids in West Bengal Income Tax Department conducts search operations…
Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including bank lockers of such unconnected third parties)
Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including…
CPC was not justified in disallowing the delayed payment of PF/ESIC
CPC was not justified in disallowing the delayed payment of PF/ESIC This was the remarkable observation by ITAT DELH in…
Input Tax Credit & dummy and sham firms – fake and fabricated invoices without supply of any physical goods
Input Tax Credit & dummy and sham firms – fake and fabricated invoices without supply of any physical goods ORISSA…
Constitutional validity and legality of section 194N of the Income Tax Act, 1961 challenged- Interim Stay Granted to the petitioner
Constitutional validity and legality of section 194N of the Income Tax Act, 1961 challenged- Interim Stay Granted to the petitioner …
“Mistake apparent from the record” for the purpose of section 154 & 254(2)
“Mistake apparent from the record” for the purpose of section 154 & 254(2) Income Tax Appellate Tribunal (ITAT) is a…
Income Tax Raids in Surat revealed unexplained investments of more than Rs. 200
Income Tax Raids in Surat revealed unexplained investments of more than Rs. 200 Income Tax Department conducts search operations in Gujarat…
Respected FM, Please Extend the Dates in Advance
Respected FM, Please Extend the Dates in Advance 2020 will not only be known by life which got affected by…
Only when there is a genuine liability and there is cessation of such liability or it is written off in the books of account, then section 41(1) can be applied.
Only when there is a genuine liability and there is cessation of such liability or it is written off in…
Validity of addition on the basis of statement recorded of third-party without incriminating material found during search
Validity of addition on the basis of statement recorded of third-party without incriminating material found during search Short Overview Statement…
Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section 68
Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section…
