In re Veena Madhukant (Shree Parshwanath Coconuts) (GST AAR Tamilnadu) The Authorised representative was intimated that the question raised in the application stands decided under Section 60 of the CGST/TNGST Act 2017 in their own case by the Jurisdictional authority, therefore as per first proviso to Section 98(2) of the Act, the application cannot be […]
The convenience of ordering food on-click coupled with the necessity arising out of COVID-19 pandemic has enabled the proliferation of food delivery start-ups in recent times. Multiple food options at tips of the fingers and quick delivery at any time and place have made such start-ups popular among millennials and Gen-Z. Therefore, the growth of […]
Discover how a genuine loss of the Assessee was disallowed by the AO but allowed by the ITAT. Learn about the written submissions and observations that led to this outcome.
What are Sweat Equity Shares? The Promoters and employees who contribute to the formation of the company may like to get compensated against their hard work (Sweat) in the form of equity either discounted price or consideration other than cash. This is what term as sweat equity. It helps the business retain its brilliant human […]
Indian Medicine Council (Amendment) Ordinance, 2021. In section 3A of the Indian Medicine Central Council Act, 1970, in sub-section (2), for the words ‘within a period of one year’, the words ‘within a period of two years’ shall be substituted.
Office Order No. 107 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Commissioner of Income Tax (CIT) (level 14 in the pay matrix Rs. 144200-218200/-) on in-situ basis with immediate effect or with effect from the date they assume charge of the post. whichever is later.
It is clarified by IRDAI that where insurers have an arrangement with the hospitals for providing cashless facility, such network hospitals are obligated to provide cashless treatment for all treatments including treatment for COVID-19.
Confederation of All India Traders has requested for extension of due dates of Income Tax and GST Compliance in the month of April-2021. All these compliances tabulated below if not complied in time may result into interest and late fee. It is explained that Considering Covid-19 and resultant Lockdown delay in compliances on part of […]
Augmenting the thrust towards CBE, the Board is initiating further corresponding changes in the Examination and Assessment practices for the year 2021-22. While the overall marks and duration of examination shall remain same, change in the composition of assessment tasks would help us achieve the desired ends.
Sobha City Vs ACIT (ITAT Bangalore) No addition for transfer pricing (TP) adjustment related to Specified Domestic Transactions (SDT). Conclusion: The reference to TPO for transfer pricing adjustment in respect of specified domestic transactions mentioned in clause (i) of section 92BA was not valid, as the said provision had been omitted. Accordingly, AO was directed […]
