Bombay HC held that supplying of reasons for reopening assessment is a jurisdictional requirement and non-supplying of same when assessee specifically asked for same would made reassessment notice bad in law.
Generally, We come across entrepreneurs who have a pretty good product/service and same has been accepted by the market and because of that they are doing quiet well.
Article explains Time of Supply Of Goods Or Services in Issue of Invoice, Receipt of Payment, in case of Reverse Charge Mechanism (RCM), in case of issue of voucher and in other cases. It further explains Time of Supply in case of change in rate of tax in respect of supply of goods or services.
In current Indian accounting system, all lands are being shown as fixed assets in financial statements of any Company and are being depreciated based on their lives accordingly.
In case, the petitioner submits any application to the Income Tax Department, the authorities can look into matter for the purpose of declaration of undisclosed income by availing the remedy under the PMGKY Scheme.
Disputes have cropped up in respect of classification of railway/bus/other tickets/passes, railway ticket rolls and bus ticket rolls, mark sheets/certificates, OMR Sheets/ Answer Books with OMR, Answer booklets, inland letter cards, passbooks, applications forms, paper outer strip seal, Railway receipt (RR) and practical notebook.
The Nation celebrates National Girl Child Day tomorrow. On 24th January every year, we celebrate the girl child, acknowledge her equal status and position in society and together we commit to fight the disadvantages, discriminations and inequalities the girl child faces in our society.
