Surat Mercantile Association Vs Union of India (Gujarat High Court) Rule 86A of the GST Rules has given unbridled power to a GST officer to block input tax credit in electronic credit ledger maintained on GSTN portal without giving any notice or intimation to the tax payer if the concerned GST officer has reason to […]
Learn about compound financial instruments and their role in accounting standards. Discover how they are classified and the impact they have on financial reporting.
The concept of legal compliance management service must have appeared to be part of your businesses in Recent Years. The whole idea has startled to fulfill their requirements of the business like regulatory management for the sake of the companies. Based on that, in recent years there have been several legal service providers springing up to […]
Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. Tax exemption under […]
Surat Mercantile Association Vs Union of India (Gujarat High Court) Hon’ble Gujarat High Court has issued notice to Centre and State Government on 03.12.2020 in the matter of Surat Mercantile Association. Vs UOI & others, SCA. No. R/SCA/15329/2020, wherein the petitioner has challenged the constitutional validity of Section 16(2)(c) of the CGST Act/WBGST Act, which […]
The larger bench of the Hon’ble Supreme court orders all Investigation Agencies, including DRI/ NCB/ED/NIA/CIA, having the power to interrogate and arrest, to install CCTV camera and recording equipment and record the same when interrogation takes place.
FOUNDATION COURSE EXAMINATION – 5th DECEMBER 2020 INSTRUCTIONS WITH STEP-BY-STEP GUIDE FOR FOUNDATION COURSE EXAMINATION-2020 HOME BASED ONLINE INSTRUCTIONS Read very carefully, do not ignore any information General guidelines: Read carefully all the details and instructions from official website. If you read all the instructions very carefully, then you will not face any issue during […]
Art-E-Mide Construction Pvt. Ltd. Vs DCIT (ITAT Kolkata) AO noted that the assessee has paid consolidated salary (contract pay) of Rs. 8,39,960/-. Since it was shown as contractual payment made by the assessee of Rs. 8,39,960/- according to AO, Section 194C of the Act was attracted and therefore, the assessee was bound to deduct the […]
Gail (India) Ltd. Vs DCIT (ITAT Delhi) So far as the satisfaction of relevant conditions u/s 32 is concerned, the AO in the original order had expressed reservation on the grant of investment allowance during the current year as in his view, 75% of the reserves were not created in the current year. In terms […]
Shambala Properties Pvt. Ltd. Vs ACIT (ITAT Bangalore) The assessee is owning a building and is in the business of real estate development. The assessee declared income from house property and income from other sources. The Learned Assessing officer has completed the assessment at a total income of Rs. 1,16,64,440/- as against the declared income […]
