Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.
CIT Vs Ms Gopal Shri Scrips Pvt. Ltd. (Supreme Court) The short question, which arises for consideration in this appeal, is whether the High Court was justified in dismissing the appeal filed by the Income Tax Department on the ground that it has rendered infructuous. Having heard the learned counsel for the appellant (Income Tax […]
DCIT Vs M/S Shyam Sunder Khemka (ITAT Delhi) Assessee being a manufacturer substantial expansion was carried out in asst. yr. 2008-09 hence, initial assessment year would be refixed 2008-09 and assessee would be eligible to claim 100% deduction for next five assessment years and thereafter 25% for next 5 assessment years subject to restriction imposed […]
Do you know excuses which we give for not getting things or any act done are obstacles for our own growth. It is a silence killer of our growth in a sense we unknowingly avoid to do certain things or act which we should required to do to reach next level in the life. 99.99% […]
Where assessee-school had provided transport facility by charging separate fee, the transportation activity being incidental to achieve the main object of the assessee-trust, i.e., providing education could not be considered as business activity, so as to deny exemption under section 11 because the transport facility was not provided to outsiders and was confined only to the students and staff of the assessee.
(before few minutes, swami was occupied with many friends. After leaving all except one friend named Neeti, swami was using his whatsapp to answer the query of his CS group friends’.) Neeti: Hey!! Swami, how are you so popular, kuch jadu tona kar rakha he kya. Swami (smiling face): Yo Neeto, mere ache nature ka […]
Quirk of becoming efficacious Company Secretary (CS) Place: Mood Refresher point – pappu’s tea stole Rahul: Aye Swami, jara batana yar, what are the qualities one should possess to become good CS As you know I want to be best CS. Swami: Dekh bhai, me itna bada to hu nai ke me tuje kuch “gyaan” […]
As the year end is right around the corner the assessee have already started calculating their yearly income and the advance tax deadline has just passed few days ago, where assessee computes his total income of the year and pays tax in advance. Other than the advance tax the other source of tax payment by […]
This is my second post on the topic GST Audit Desk Review which will help you all to focus on the key areas . To begin with- 1. Understand the domain of your assessee: Like the trade practices, policies, ratio trend, sales trend, etc. 2. Try to figure out the issues that may prevail: Like […]
Whether Section 83 of CGST provides for provisional attachment of any property, including bank account of the taxable person during the course of Investigation i.e., before issuance of SCN /Assessment order/notice?
Introduction A Class Action is one where a class or group of people with a common grievance join hands to seek relief. It is a cost effective procedural device whereby few people can sue for the advantage of a larger group. The concept of a class action has been part of the legal system of […]
