JCIT(OSD), (Exemptions) Vs Patiala Improvement Trust (ITAT Chandigarh) The AO noticed that during the year relevant to the assessment year under consideration the assessee carried on the business of sale and purchase of residential plots and commercial properties and earned huge net profit of Rs. 9,95,74,223/-, which does not fall within the ambit of the […]
Principal Commissioner Vs Devi 70 MM (NAA) The National Anti-Profiteering Authority (NAA) directed the Directorate General of Anti-Profiteering to reinvestigate and recompute the quantum of profiteering against Devi Cinema. It is a fact that the price of two categories i.e. the First and the Second class movie tickets has been reduced commensurately by the Respondent […]
Institute of Company Secretaries of India ICSI/TRG/2020 07.10.2020 Circular No : 06/2020 Directorate of Training Extension of Last date for submitting the training Quarterly report (2nd and 3rd Quarter) of trainees up to 31.12.2020. This is in continuation to earlier Circular No ICSI/Trg/06/2020 dated 19.06.2020 wherein the last date of submitting the 1st and 2nd […]
This is in continuation to the Circular No. ICSI/TRG/2020 dated 30th March 2020 vide which the CS trainees were allowed to work from home during the lock down period and the outbreak of COVID-19 pandemic. The period was treated as continuity of Practical training since the trainees were instructed to work in accordance with the direction of their trainers.
This is in continuation to Circular No ICSI/Trg/06/2020 dated 19.06.2020 wherein the students were provided relaxation by easing the eligibility in the provision of e MSOP upto 30th September 2020.
IEC holders are informed that Directorate General of Systems, CBIC, Govt of India has launched Bank Account Management module (Bank Account Management Advisory is available on Icegate website
Attention is invited to CBIC Circular number 04/2011-Cus dated 10.01.2011 vide which guidelines for safety and security of premises storing and handling hazardous goods have been laid down.
For the purpose of determination of value of supply under GST, TCS under the provisions of the Income Tax Act, 1961 would not be includible as it is an interim levy not having the character of tax.
CIT Vs Syndicate Bank (Karnataka High Court) Conclusion: When an order of refund was issued, the same should include interest payable on the amount, which was refunded. If the refund did not include interest due payable on the amount refunded, the revenue would be liable to pay interest on the short fall. This did not […]
Understanding the set off of refunds against tax remaining payable under Section 245 of the Income Tax Act, 1961. Learn how this provision empowers the authorities to adjust outstanding demand with refund amounts.
