Held that Government is vicariously liable for negligence on the part of the Government hospital. Court ordered lumpsum compensation of Rs. 5 Lakhs payable to the petitioner.
sale of land is not taxable under GST, only stamp duty is required to be paid on the sales. However, the transactions are to be properly checked before conducting the tax implications as the amount may include the development charges in these transactions.
Held that revisional jurisdiction u/s. 263 of PCIT cannot be invoked for initiation of penalty proceedings without holding that the assessment order passed by the AO as erroneous and prejudicial to the interest of revenue.
Avoid name rejections and re-submissions from the CRC during company registration. Learn the guidelines to ensure your proposed name meets the requirements.
Missed the due day of filing your income tax return? Discover what steps you need to take next to file a belated return and avoid penalties.
CESTAT set aside demand of service tax on refundable security deposit on the grounds that security deposit is refundable deposit and it cannot be included in the value of taxable service.
Held that assessee has no interest in the ownership of the asset but he is in possession of the asset for conducting its business, the litigation expenditure incurred is only to protect his business and, therefore, the same is revenue expenditure.
Center decides to remove the fare cap on air tickets from 31st August 2022. Cap on airfares was imposed by Civil Aviation Ministry in May, 2020. Civil Aviation Minister Jyotiraditya Scindia says, decision has been taken after a careful analysis of daily demand and prices of air turbine fuel. AV.13011/1/2020-US(SS)-MoCA Government of India Ministry of […]
Held that as the business has not been set up during the year under consideration all the pre-operative expenditures are not deductible as business expenditure
In re Spraytec India Ltd. (CAAR Delhi) It is not in dispute that no Show Cause Notice had been issued to the applicant by DRI, New Delhi regarding the past clearances at the time of the applicant filing application before the erstwhile AAR, even if it is acknowledged that DRI. New Delhi was investigating the issue […]
