The issue of how to verify the genuineness of an Aadhaar card is often faced by organizations, when they are presented to them as a proof of identities. Unique Identification Authority of India (UIDAI) has stated that the veracity of ‘Aadhaar’ can be easily established both in an online and offline mode as mentioned below: […]
Central Bureau of Investigation has arrested an Interim Resolution Professional (IRP), National Law Tribunal (NCLT), Mumbai and two private persons including Proprietor of Mumbai based firm in a bribery case of Rs. Two Lakh.
REQUEST FOR PROPOSAL FOR EMPANELMENT OF STATUTORY AUDITOR FOR A PERIOD OF 3 FINANCIAL YEARS FROM 2021-22 to 2023-24 FOR MILK UNION AMRITSAR 1. INTRODUCTION The Punjab State Cooperative Milk Producers’ Federation Ltd, popularly known as Milkfed Punjab, came into existence in December 1973 to boost the dairy farming in the state. The objectives of […]
Merely because of organizing seminars itself cannot make the trust non charitable or commercial. In our considered view, the invoking of section 2(15) of the Act merely because of revenue from organizing seminar cannot make the trust looses the character of charity.
Jigar Jashwantlal Shah Vs ACIT (ITAT Ahmedabad) Now, we shall deal with the issue of whether section 56(2)(vii)(c) of the Act can be invoked in respect of additional 82,200 shares received by the assessee since the assessee’s wife and father did not exercise the rights issue and renounced the right in favour of the assessee. […]
Shivam Water Treaters Pvt. Ltd. Vs ACIT (ITAT Ahmedabad) The 1st issue that arises for our consideration whether the assessee is eligible to claim the depreciation on the purchase of cars in the manner as provided under section 32 of the Act. To claim the depreciation under section 32 of the Act, the following conditions […]
Enforcement Authorities South Zone, CTD have raided the residential and business premises of a GST Auditor at Bangalore and Davanagere based on field intelligence, data analytics and Police FIR and busted a fake ITC case. The Auditor has collected money in the name of tax from more than 12 registered tax payers and the same […]
Stay updated on the latest GST changes and compliance requirements for May 2022. Get insights on revised turnover functionality and more.
Gist and a Snap Analysis of SC Judgment – Union of India Vs Ashish Agarwal (Supreme Court), Appeal Number : Civil Appeal No. 3005/2022, Date of Judgement: 04/05/2022 1. The Union felt aggrieved due to the adverse outcome of several writ petitions which were filed on PAN India basis against notices issued u/s 148 of the Income […]
Smt. E. Santhakumari Vs ITO (ITAT Chennai) We noted that the Assessing Officer while framing the assessment has gone into the details of the cash deposits of Rs.30.00 lakhs and the other two more amounts of Rs.5,09,000/- and Rs.6,95,900/-. She stated before the Assessing Officer that the cash deposits is out of the gift received […]
