Landmark Judgment: The adoption of stamp valuation as the sale consideration is not justified in absence of any evidence that the sale consideration was more than the value shown in the agreement.

Recent Posts

• GST Clarification on the issue of availability of ITC on Demo vehicles
• GST Clarification in respect of advertising services provided to foreign client
• Allowability of provision/payment of Gratuity in Income Tax and its representation in Form 3CD
• Income Tax benefits available to Ganpati Mandals:
• Agriculturist is not required to maintain books of accounts U/S 44AA: ITAT Bangalore
• Issue of addition vide intimation U/S 143(1) in the case of delay in payment of Employee Contribution of PF
• Important GST Council Recommendations during 54th GSTC Meeting:
• 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.