The tide up grants for a specific purpose would only mean that the assessee which was voluntarily organization, had agree to act as a trustee of a special fund granted by the donor with the result that it need not be pooled or integrated with the assessee is normal income or corpus.
Delhi High Court held that issuance of notice u/s 148 of the Income Tax Act to an unrelated e-mail address doesn’t constitute as due dispatch
Since the expression ‘salary’ included benefit of leave encashment which was nothing but salary for the unavailed leave to the credit of the employee, therefore, the condition that carry forward of balance privilege leave, was barred and requiring employees to seek encashment from their previous employer was an arbitrary and unconscionable condition.
Understanding the importance of debiting the electronic cash/credit ledger for tax payment. Learn about the implications and consequences of failing to do so.
GST which turned many stones over a time span of 5 years much remains still to be done. Let us look at what rare feats GST has achieved over the years and what challenges lies ahead .
Central Bureau of Investigation has arrested a Commissioner (Appeals), Central GST & CE, Guwahati and a middleman (private person) in an alleged bribery of Rs. 3.83 lakh.
CBI Arrests Then Deputy Registrar of Companies & Three Others During Further Investigation of a Case Related to Chit Fund The Central Bureau of Investigation has arrested then Deputy Registrar of Companies, Kolkata and three others including Founding Director, Territory Manager of private companies during further investigation of a case related to chit fund. CBI […]
The Central Bureau of Investigation has arrested an Income Tax Officer, Khurdha (Odisha) for demanding & accepting bribe of Rs. Five lakh from the Complainant. A case was registered on complaint against the accused. It was alleged that the accused had demanded bribe of Rs.30 lakh from the Complainant as a favour for not to […]
Shri Nitin Gadkari emphasizes importance of E-vehicles in transforming Automobile industry Union Minister for Road Transport and Highways Shri Nitin Gadkari said that automobile industry is being engaged to make more e vehicles. Launching the first Made in India Mercedes-Benz Luxury Electric Car (580 4Matic) at the company’s Chakan plant in Pune, Maharashtra he said […]
Fraudsters use illegal telecom set-ups to route ISD calls received through internet (VoIP) illegally to domestic mobile and wireline customers in India. Illegal telecom setups primarily use internet connectivity on one side and connect to domestic mobile and landline network for distribution of call which is not allowed as per regulations. Such illegal setups pose […]
