Union of India Vs Dharampal Satyapal Ltd. (Tripura High Court) This appeal is filed by the department to challenge the judgment of Customs, Excise and Service Tax Appellate Tribunal (CESTAT for short) dated 20.11.2019. Following substantial question of law is framed for our consideration: “Whether the Tribunal was right in law in coming to the […]
Yashovardhan Birla Vs CIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai bench, in its order has examined the definition of ‘undisclosed asset’ in the Black Money (Undisclosed Foreign Income and Assets) and Impositions of Tax Act (BML Act) and held that the assets which constitute part of income tax proceedings and have been […]
Sharp correction of March 2020 and subsequent quicker recovery has attracted many investors to equity market. Majority of them are investing through mutual funds. I wish to warn these new investors against the mistakes which novice commit while investing in equity mutual schemes. Let us discuss some of the major mistakes. Making investments without linking […]
Current appeal has been filed discussing the taxability of ‘Relays’, which is used as a part of Railway Signalling System. Westinghouse Saxby Farmer Ltd (Appellant) has come in the Court aggrieved by the dismissal of appeal challenging the same by the Hon’ble CESTAT, Kolkata vide order dated March 26, 2008.
1. Movable Property – Movable property means property; the location of which can be changed, including things growing on, affixed to, or found in land, and documents although the rights represented thereby have no physical location. 2. Immovable Property – Immovable property includes; land, buildings, hereditary allowances, right to ways, lights, ferries, fisheries or any other benefit […]
Spytech Buildcon v. ACIT, Circle-6, Jaipur (Jaipur – Tribunal) Section involved – Section 43CA of Income Tax Act, 1961 Decision – In favour of Revenue Proposition – Transfer under provisions of section 43CA is recognized only when a registered document is executed. Even if the agreement of sale is entered before provisions of Section 43CA […]
Deadline for Aadhaar linking of UAN extended till 31.12.2021 for Establishments in NORTH EAST and certain class of establishments. Please check the circular below: EMPLOYEES‘ PROVIDENT FUND ORGANISATION No. BKG-27/5/2021-BKG/ Date: 11.09.2021 To, The Addl. CPFCs of the Zones, RPFCs in charge of Regional Offices Officer in charge of the District Offices Subject: Aadhaar seeding […]
BMG Informatics Pvt Ltd Vs Union of India (Gauhati High Court) In an important decision given by Justice A.M Bujor Barua of the Gauhati High Court in the case of W.P (C) 3880/2021 3878/2021 3675/2021 4120/2021 (BMG Informatics Pvt. Ltd. vs. Union of India) the Court as held that the circular no. CBEC-20/01/06/2019-GST dated 31.03.2020 […]
(1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:
Understand the TDS/TCS exemption on the transfer of capital assets/goods from Air India. Learn about the specific income tax notifications under the Income Tax Act, 1961.
