In a recent case

Recent Posts

• Disallowance requires a direct nexus – No disallowance of expenses u/s 14A for exempt dividend income when investments were made in earlier years
• The notice issued under Section 148A(d) to a deceased person was void ab initio: Delhi HC
• Issues not considered in original assessment – Reassessment proceeding not illegal: Bombay HC
• Reduction of capital constitutes a ‘transfer’ of capital assets under Section 2(47) of the Income Tax: Supreme Court
• Goods purchased for sales promotions, such as “Gold coins” and “T-shirts,”  Vs. Input Tax Credit (ITC) admissibility Vs Alternate Way Out
• Controversy: Place of supply when Billing Address Differs from Delivery Address in case of B2C Supply of Goods
• Non-payment of additional tax – Whether return filed under section 139(8A) can be treated as defective?
• GST on intra-group corporate guarantees – Bombay HC Grants Stay 
• House property construction not done due to litigation, Capital gain exemption cannot be denied
• Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income