Delhi Police Education Fund Vs CIT (ITAT Delhi) Assessee argued that the assessee is involved in promoting the post Higher Secondary Education and fulfils the test of Section 2(15) of the Act, the definition of charitable purpose. Ld. DR argued that the assessee’s activities are limited to the wards of the Police personnel. Hence, it […]
General Understanding of Exports is that Goods and Services that are Produced in one country and sold to buyers in another. However, with Exploration of Trade Different Types of Transactions are also become Possible. One such International Transaction is “Third Country Exports” “Third–Country Exports” means exports made by an Exporter in one Country & Arranging Supply from a Third […]
GST has been a major structural reform of the current government. Replacing multiple taxes and cesses of state and central governments into a single tax has been a major relief to trade and industry. At the same time reduction in overall tax incidence has brought relief to the end-consumers. The IT driven tax filing system […]
Maharashtra Labour Welfare Fund (MLWF) is Covered under The Maharashtra Labour Welfare Act, 1953. Applicability : Maharashtra Labour Welfare Fund has become effective in the year 1953 and is applicable to all the companies in the state that has 5 or more persons employed. Includes all employees, including employees through contractor, except those working in […]
Simplified GST Series –Offences & Penalties /Section 123-128/CGST ACT 2017/PART-2 Article explains Section 123 Penalty for failure to furnish information return, Section 124 Fine for failure to furnish statistics, Section 126 General disciplines related to penalty, Section 127 Power to impose penalty in certain cases and Section 128 Power to waive penalty or fee or […]
Shri Nitin Gadkari also emphasized on clearing MSME dues by all on priority. He called upon large industries and business houses/Companies to treat this as an important matter. Shri Gadkari asked CII members to help in the development and growth of ancilliary units/industries to supply spare parts.
Univalue Projects Pvt. Ltd. Vs Union of India & Ors. (Calcutta High Court) a) The NCLT has acted without jurisdiction and exceeded its jurisdiction that is limited within the four corners of Section 424 of the CA, 2013 by passing the impugned order in violation of Section 7(3)(a) of the IBC, 2016. Furthermore, the impugned […]
It was often felt that in order to make the business bigger you need to invest a huge amount of capital into it. But in today’s era, businesses require something really astonishing and it suggests that businesses today become bigger not because of money but because of ideas and a marketing technique. Hence today while […]
Are you also one of those people who are losing their job due to this disastrous pandemic…..then join us in…………?? No, no I am not going to offer you any part-time job or something, neither I am here to console you or encourage you to go on strike against your employer because in the end, […]
In our considered opinion, no second innings should be given to appreciate the same set of facts which were already before the Assessing Officer. Moreover, in the remand report, the Assessing Officer himself has accepted that if the management fees had not been paid by the appellant, the true up adjustment received would have been Rs. 2.51 crores only and profits of the appellant would have been less than the profits returned but it.
