circular No.36/2016

Recent Posts

• GST: No adverse inference can be drawn against the purchasing dealer merely because the supplier’s registration was cancelled later
• Interest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount 
• Scheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible Assessee
• Mutual Fund Gains of Singapore Resident Not Taxable in India under DTAA: ITAT Mumbai
• Transfer of Depreciable Assets: Tax rate prescribed U/s 112 is applicable even if it is deemed to be taxed as short-term capital gains U/s 50.
• ITAT Delhi Sets Aside Reassessment over Missing Section 143(2) Notice
• Remuneration and interest of a partner from partnership firm not covered U/s 44AD: Madras HC
• An incorrect assumption of facts makes the entire reopening process legally untenable: ITAT Deharaudun
• A Short overview of the laws related to ITC under GST
• ITAT directed CIT (E) for giving Permanent Registration as procedural non-compliance with state law doesn’t automatically imply non-genuineness of charitable activity.