Bogus Purchases: Entire purchases could not be brought to tax but  only the profit element could be brought to tax

Recent Posts

• Where there is no substantial question of law, interference with the findings of Tribunal is not warranted: MP High Court
• Tax Clearance Certificate for Foreign Travel: Confusion & Clarification
• Section 2(22)(e) covers only direct benefit received by the shareholder from any payment made by the company, and not indirect benefit derived from any other transaction.
• Guidelines for better administration by tax officers issued by Commercial Tax Department, Chennai
• Filing Form 10/10B is merely directory in nature and failure to furnish Form 10/10B before the due date cannot be so fatal as to deny the claim of exemption under section 11(2): ITAT Hyderabad
• ROC imposed penalty on a company for contravention of Section 90(4A) and Section 90(5) of the Companies Act, 2013
• Change in the GST Act effective from 1st September 2024
• 360 Degree overview of the E-disputes Resolution Scheme – 2022
• ITAT Mumbai started following Hexaware Technologies
• Assessments under central charge and international taxation would have to be completed under faceless assessment scheme: Bombay HC