In the present matter it is observed that the quarterly reports for the quarters ending 30.09.2020, 31.12.2020, 31.03.2021, 30.06.2021 and 30.09.2021 have not been submitted in a timely manner by the Liquidator. Mr. Ravikumar pleads that he had approached the NCLT registry for physical filing but was informed that the filing is to be done […]
Partition or family settlement is not transfer. When there is no transfer there is no capital gain and consequently no tax on capital gain is liable to be paid.
Held that the assessee can take shelter and claim deduction u/s 54 only when the assessee invests the long term capital gain in purchase or construction of a single residential house.
Held that the Revenue is bound by the resolution plan as accepted by the NCLT and not entitled to anything more than what is provided therein.
Held that assessee failed to provide details of calculation of the Performance Related Pay; also failed to prove the authority to pay the Performance Related Pay to the employees hence claim of Performance Related Pay is unsustainable
The name of Urban Exim Care Association, enlisted under Appendix 2E of FTP, 201520, has been amended as ‘Urban Exim Chamber of Commerce & Industry’ and address and contact details have been updated.
Circular No. 16/2022-Income Tax – Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and subsequent years. Circular No. 16/2022-Income Tax F.No.197/89/2022-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 19th July, 2022 Sub: Condonation […]
In all the cases of applications for condonation of delay in filing of Form No. 10BB for years prior to AY. 2018-19, the Commissioners of Income-tax are authorized to admit applications for condonation of delay u/s 119(2)(b) of the Act.
Kishore Arjandas Udasi Vs Wheelabrator Alloy Castings Pvt. Ltd. (NAA) Authority finds that, the Respondent has benefited from the additional ITC to the extent of 0.46% of the turnover during the period from 01.07.2017 to 31.12.2018 and hence the provisions of Section 171 of the CGST Act, 2017 have been contravened by the Respondent as […]
Smt. Sunita Malhotra & Sh. Vijay Malhotra Vs Godrej Project Development Pvt. Ltd. (NAA) The instant Report dated 26.08.2020, received on 31.08.2020 has been furnished by the Applicant No. 2 i.e. Director General of Anti-Profiteering (DGAP) under Rule 129(6) of the Central Goods and Services Tax (CGST) Rules, 2017 pursuant to the Interim Order No. […]
