Follow Us:

Archive: August, 2022

Posts in August, 2022

Concessional rate benefit of 2.5% basic customs duty available on import of power tillers

August 25, 2022 1860 Views 0 comment Print

Held that power tillers and rotary tillers are self same goods. Accordingly benefit of concessional rate of basic customs duty of 2.5% under notification no. 12/2012- Customs dated 17.03.2012 is available on import of power tillers

TP adjustment presuming that expenses are incurred at the instance/ on behalf of AE unsustained

August 25, 2022 1128 Views 0 comment Print

Held that TP adjustment, relating to Advertisement, Marketing and Promotion expenditure incurred by the assessee, merely on the basis of presumption that expenses are incurred at the instance or on behalf of the AE is unsustainable

Representation on issues & disposal of cases under ‘Faceless Appeal Scheme

August 25, 2022 8859 Views 0 comment Print

Representation on issues faced by Assessee/taxpayer after introduction of Faceless Appeal Scheme, which require serious deliberation

176 candidates allocated region for Income Tax Inspector post

August 25, 2022 26502 Views 0 comment Print

Allocation of Region to 176 candidates selected to the post of Inspector of Income Tax in Central Board of Direct Taxes (CBDT)

Service tax payable on revenue realized and not on revenue recognized

August 25, 2022 3714 Views 0 comment Print

Held that the Service tax is paid on the basis of the revenue realized towards the provision of the taxable services and not on the basis of the revenue recognition.

Bad debt not allowable if not satisfies ingredients of Section 36(1)(vii) & Section 36(2)

August 25, 2022 3201 Views 0 comment Print

PCIT Vs Khyati Realtors Pvt. Ltd. (Supreme Court) Conclusion: Assessee was not entitled to claim deduction of bad debt as the case did not satisfy the ingredients of both Section 36(1)(vii) and Section 36(2) and also advance written off was not allowable as business expenditure u/s 37(1). Held: Assessee carried on real estate development business, […]

Resolution plan rightly rejected due to non-serious and casual conduct of resolution applicant

August 25, 2022 1869 Views 0 comment Print

Held that CIRP cannot be allowed to continue for indefinite period. Refusal to approve the resolution plan due to non-serious, casual and non-diligent conduct of the resolution applicant is within the four corners of law.

In absence of arbitration agreement, conduct of parties doesn’t mean parties have agreed to arbitration

August 25, 2022 4737 Views 0 comment Print

Held that in absence of written arbitration agreement, the conduct between the parties cannot be construed to mean that, the parties had agreed to arbitration.

How to e-file AOC 4 Form Using Gen Company Law Software

August 25, 2022 3531 Views 0 comment Print

Learn how to e-file AOC 4 Form using Gen Company Law Software. Ensure compliance with ROC regulations and submit financial statements on time.

Here’s how you maximise returns in ULIP

August 25, 2022 1011 Views 1 comment Print

Read our blog to learn what are ULIPs how to maximise your ULIP returns and the Advantages of Investing in ULIPs.

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