Follow Us:

Archive: June, 2022

Posts in June, 2022

Cash Gift from Father Taxable on failure to prove creditworthiness

June 21, 2022 37758 Views 0 comment Print

Praveen Kumar Chauhan Vs ITO (ITAT Delhi) Revenue submitted that the assessee failed to explain the source of cash deposits. The only contention of the assessee before the authorities below was that the amount was received as a gift from his father. He submitted that the assessee has merely filed an affidavit. However, creditworthiness of […]

No penalty for non-furnishing of segmental details of AE & non-AE transactions due to practical difficulties

June 21, 2022 1311 Views 0 comment Print

ITAT held considering the practical difficulties involved in furnishing the segmental details of AE transactions and non-AE transactions, penalty under Sec. 271G could not be justifiably imposed.

Expenditure on distribution of freebies & gifts to doctors not allowable

June 21, 2022 1203 Views 0 comment Print

ITAT Ahmedabad upholds disallowance of Amay Pharma’s expenditure on gifts to doctors. Setback on c/f loss setoff. Latest SC ruling cited.

Recent amendments related to Directors appointment, Form DIR-2 & DIR-3

June 21, 2022 5547 Views 0 comment Print

Stay updated with the recent amendments related to Directors appointment, Form DIR-2 & DIR-3 in the Companies Act, 2013.

Brief overview of Change in Directors in a Company – Appointment and Removal of Directors

June 21, 2022 43488 Views 0 comment Print

If Articles of Association permit, existing Board of Directors can appoint other ‘Additional directors‘ who can hold office till their confirmation at next meeting of shareholders.

The Beginner’s Guide to Affiliate Marketing Taxes

June 21, 2022 14178 Views 0 comment Print

Affiliate marketing is indeed a profitable business. If you’re new to it, you may wonder if the commissions you’re earning from affiliate links are taxable.

Gifts & Incentives to Distributors/Dealers – Tax Implications

June 21, 2022 10712 Views 1 comment Print

Understand the tax implications of distributing gifts and incentives to distributors/dealers. Learn about GST and TDS regulations in promotional activities.

Shortcoming of staff of Subordinate Court or any delay in compliance by Court are not by itself a reason to transfer a case

June 21, 2022 357 Views 0 comment Print

Nazma Naz Vs Rukhsana Bano (Supreme Court of India) Having heard learned counsel for the petitioners and learned counsel for the State, and having perused the material placed on record, we are clearly of the view that the impugned order dated 19.12.2018 as passed by the High Court, transferring the proceedings in Sessions Trial No. […]

Small Industries Development Bank of India (Defined Contributory New Pension) [Amendment] Regulations, 2022

June 21, 2022 486 Views 0 comment Print

These Regulations may be called the Small Industries Development Bank of India (Defined Contributory New Pension) [Amendment] Regulations, 2022.

Weekly newsletter from Chairman, CBIC dated 20/06/2022

June 20, 2022 1110 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110 001 Tel. : +91-11-23092849, Fax : +91-11-23092890 E-mail : vivekjohri.irs gpv.in 20th June,2022 Chairman DO No. 29/CH(IC)/2022 Amongst the many splendours of the natural world, the most joyous is perhaps watching birds. Darwin referred to […]

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031