The role of the opposition cannot be minimized in democracy. The opposition is an inevitable and unavoidable condition of democracy not only should be accepted as constitutional, but must be preserved and perceived because it is indispensable.
Taxation isn’t such a big deal as it’s made out to be either. Sure, it can get technical with deductions and tax planning, but learning is about small steps in the right direction. Not instant leaps to the end.
The waiver of loan amounts to cessation of liability other than trading liability, thus, the said amount cannot fall under Section 28(iv) will not be applicable.
GST demand Recovery without giving any opportunity to petitioner to file statutory appeal which is mandatory before initiating any recovery proceeding is clear violation of Section 78 of GST Act.
DCIT Vs Macrotech Developer Ltd (ITAT Mumbai) ITAT concur with the view taken by the CIT(A) that as the assessee had own funds which were far more than the investments in OPCD, therefore, the presumption would be that the investments were made from own funds and no disallowance of any part of interest expenditure claimed […]
Kishore Kumar Arora Vs Union of India (Delhi High Court) Based on the material placed on record, it would have to be concluded that the taxable turnover of the petitioner was Rs. 15,28,468/-, which, as noticed above, is below the threshold limit of Rs. 20,00,000/- fixed for tobacco products. We are, therefore, inclined to agree […]
Renu Devi Banka Vs Union of India (Calcutta High Court) By this writ petition, petitioners have challenged the impugned show-cause-notice dated 3rd February, 2022 issued by the Special Director, Directorate of Enforcement, Adjudicating Authority, Chandigarh, against the 24 persons who are third parties/ noticees and none of them are the petitioners in this Writ Petition […]
ITAT condones Delay in Appeal filing as appellant could not file appeal within time stipulated due to death of his counsel
Salary of accountant cannot be treated as professional service for managing books of two firms to invoke TDS under section 194J
There may be chances of diversion that might have taken place due to human error and it cannot be definitely concluded that diversion was deliberate
