Income TaxPAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued7 years agoPAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued Finally MCA issue of Form…
IT JudgementCapital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim7 years agoCapital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim Overview:…
Income Tax“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” – Bombay HC7 years ago“We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict…
IT JudgementProfiteering clause validity where Base price of product increased after reduction in GST rate7 years agoProfiteering clause validity where Base price of product increased after reduction in GST rate 2019 TaxPub(GST) 0175 (NAPA) IN THE…
IT JudgementLandmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad ITAT7 years agoLandmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad…
IT JudgementDetention & Release of goods if Petitioner already deposited tax and penalty7 years agoDetention & Release of goods if Petitioner already deposited tax and penalty IN THE GUJARAT HIGH COURT HARSHA DEVANI & BHARGAV…
Income TaxValidity of addition done by Income Tax Odficer only because shareholder could not be produced and he was a man of no means.7 years agoValidity of addition done by Income Tax Odficer only because shareholder could not be produced and he was a man…
Income TaxCBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-187 years agoCBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-18 total income, without giving effect…
IT JudgementNo exemption to charitable trust under section 11 if not registered under section 12AA.7 years agoNo exemption to charitable trust under section 11 if not registered under section 12AA. Overview : Where exemption under section…
Income TaxRegistration application u/s 12AA cannot be rejected by giving any vague reason7 years agoRegistration application u/s 12AA cannot be rejected by giving any vague reason Very often, the registration application u/s 12AA of…
Income TaxAbsence of dissolution clause in trust deed cannot be the basis for refusing registration to a trust7 years agoAbsence of dissolution clause in trust deed cannot be the basis for refusing registration to a trust There are lots…
Income TaxMere non- production of evidence of registration U/s. 12A/12AA cannot be the reason for denial of exemption u/s 117 years agoMere non- production of evidence of registration U/s. 12A/12AA cannot be the reason for denial of exemption u/s 11 Rotary…
Income TaxIRREVOCABLE CLAUSE IN THE TRUST DEED7 years agoIRREVOCABLE CLAUSE IN THE TRUST DEED Every trust applying for registration of trust u/s 12AA of the Income Tax Act…
IT JudgementIRREVOCABLE CLAUSE IN THE TRUST DEED7 years agoIRREVOCABLE CLAUSE IN THE TRUST DEED Every trust applying for registration of trust u/s 12AA of the Income Tax Act…
IT JudgementGST : Validity of seizure on a hyper technical basis and where the breach is purely technical and there is no allegation of intention to evade tax7 years agoGST : Validity of seizure on a hyper technical basis and where the breach is purely technical and there is…
IT JudgementValidation of revision under section 263 in respect of assessment order which is bad in law7 years agoValidation of revision under section 263 in respect of assessment order which is bad in law Overview : ssessment order…
IT JudgementPayment of bonus to director cum shareholder disallowance ? Is it not in the nature of dividend ?7 years agoPayment of bonus to director cum shareholder disallowance ? Is it not in the nature of dividend ? Overview :…
Income TaxTDS under section 194C & payment made to truck owner without deducting TDS7 years agoTDS under section 194C & payment made to truck owner without deducting TDS Overview : Where truck driver had only…