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Archive: 05 April 2015

Posts in 05 April 2015

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6141 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19206 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Amounts already paid without TDS cannot be disallowed- Merilyn Shipping followed

April 5, 2015 1987 Views 0 comment Print

Contention of the Assessee- Provision of Sec. 40(a)(ia) shall apply only in respect of the amounts payable at the end of the year and shall not apply on the amounts actually paid by the appellant during the year.

Section 40(a)(ia) not attracted in respect of payment already made by the end of previous year

April 5, 2015 1945 Views 0 comment Print

The following disallowances were made by the AO by invoking provisions of section 40(a)(ia) of the Act: – 1 Disallowance on account of transportation charges paid to M/s. Lalji Mulji – Rs. 1 ,59,386/- 2 Disallowance on account of export freight charges paid – Rs. 6, 17,830/ – 3 Disallowance on account of export freight paid to Indian agents of foreign shipping companies – Rs. 3,70,062/-

s. 40(a)(ia) Disallowance has to be made irrespective the fact that whether payment is made during the year or not

April 5, 2015 1963 Views 0 comment Print

In this case ITAT Mumbai distinguished the Allahabad High Court’s ruling in the case of CIT v. Vector Shipping Services (P) Ltd. (ITA No.122 of 2013) and held that the issue of ‘paid and payable’ was not subject of reference before the Allahabad High Court.

Penalty U/s. 271(1)(c) cannot be imposed for failure to deduct TDS

April 5, 2015 4653 Views 0 comment Print

It is not the case of the Revenue that the assessee had not incurred the expenditure claimed or that the claim of expenditure was bogus or incorrect. The disallowance of expenditure was attracted due to non-deduction of TDS and it cannot be said to be a case of concealment of income or furnishing of inaccurate particulars of income.

Revised Procedure/ Guidelines for Appointment of Non Official Directors

April 5, 2015 3093 Views 0 comment Print

Government Amends Procedure For Appointment of Non Official Directors (Nods) on The Boards of Public Sector Banks, Insurance Companies and Financial Institutions to Professionalise the Boards The Government of India has amended the procedure for appointment of Non Official Directors (NoDs) on the Boards of Public Sector Banks (PSBs), Insurance Companies and Financial Institutions with […]

Service Tax Reverse Charges Mechanism for LLPs

April 5, 2015 46063 Views 12 comments Print

Analysis on Service Tax RCM for LLPs/ Critical Analysis on Reverse Charges Mechanism in Service Tax for LLP after change in definition of Body Corporate

Procedure to Apply for the Food License

April 5, 2015 5834 Views 5 comments Print

For the better life of a human being, the good food is the one of the key factor which provides the proper quantity of vitamins, carbohydrate and other nutrients to a person. Hence, the Government keeps an eye over such traders/ manufactures/ venders who deal in any type of food items. For this Government passes the various laws, rules, regulations from time to time.

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