DSIIDC Ltd. Vs PCIT (ITAT Delhi) It is pertinent to note that the Assessing Officer has raised only a query before completion of assessment u/s 143 (3) relating to claim of 80IA(4). However, the Assessing Officer has not given any cogent finding. Thus, the observation of the Principal Commissioner of Income Tax that the assessment […]
CIT Vs John Ettimootil Samuel (Madras High Court) The Tribunal, in our view, rightly took note of the fact that the reopening of the assessment was after four years and there was no tangible material to establish that the assessee failed to disclose fully and truly all materials, which are required for the assessment at […]
आयकर छापों के पीछे मुख्यतः 5 तरह के लेनदेन: पिछले चार- पांच बड़े आयकर छापों की बात करें तो हम पाऐंगे कि लगभग एक तरह के लेनदेन द्वारा करोड़ों की आयकर चोरी की गई. सबसे पहले अदकारा तापसी पन्नु और डायरेक्टर अनुराग कश्यप के ठिकानों पर आयकर छापा जिसमें 650 करोड़ रुपये के लेनदेन कर […]
Green Park Estate Pvt. Ltd. Vs ACIT (ITAT Delhi) A perusal of the reasons recorded in the case of the assessee as well as in the case of M/s Green Valley Tower Ltd. are identical on the issue of alleged interest paid on post dated cheuqes. We have also gone through the paper book containing […]
Virmati Software And Telecommunications Limited Vs Commissioner of Central Excise & ST, Ahmedabad (CESTAT Ahmedabad) As regards the demand of Rs. 47,43,442/- which represent service tax on difference between the telephone recharge amount received from customers and amount out of the same paid to telecom companies. In this fact, it appears that difference amount is […]
An annual general meeting (AGM) under Companies Act, 2013 is a yearly meeting of company’s interested shareholders to receive, consider, approve and adopt the Annual Financial Statements (whether standalone or consolidated) ending on 31st March every year together with the Board of Directors Report and Report of the Auditors thereon. Other matters which are generally […]
Deduction is allowed if the assessee has paid any amount towards any annuity plan of Life Insurance Corporation of India (LIC) or any other insurer for receiving pension from pension fund. Pension received from the policy is also considered as part of taxable income. A general life insurance policy cannot be used to claim deductions […]
Hi Friends! My name is CA Rohan R. Pingle & today I am going to share with you my experience of becoming a Chartered Accountant. As you all know after results out, rank holders are interviewed and they should; because they deserve that. But I think interviews of rank holders are beneficial to those who […]
Today we are discussing the cases where GST registration is compulsorily required. Section 24 of the CGST Act, 2017 has several categories of such persons, 1. Persons making any INTER-STATE TAXABLE SUPPLY | Section 24(i) Exception: i) Persons making inter-state supplies of taxable services , having an aggregate turnover not more than Rs20 Lakhs (Rs. 10 lakhs for special category States, except […]
I am privileged to cover a news item from Times of India dated 24th September 2021 on release of latest digital Indian Sign language dictionary by our respected Prime Minister earlier this month. This throws more light on the far reach of the economy which has not done much to explain in sign language its […]
