Day: December 16, 2022
28 articlesIncome Tax

Income Tax
Exemption u/s 10(38) not available in case of LTCG for sale of bogus equity shares
Income Tax

Income Tax
Expenditure towards abandoned project is available as revenue expenditure
Income Tax

Income Tax
Remuneration u/s 40(b)(v) available on additional income offered
Income Tax

Income Tax
Benefit of carry forward and set off available to amalgamating company is also available to amalgamated company
Income Tax

Income Tax
There is no concept of deferred revenue expenditure
Goods and Services Tax

Goods and Services Tax
Order passed ex-parte and violating principle of nature justice is bad in law
Company Law

Company Law
Scheme of compromise and arrangement found to be beneficial to related creditors hence liquidation sustained
Income Tax

Income Tax
Transfer/postings of 48 officers in the grade of CIT/DIT
Income Tax

Income Tax
Transfer/postings of 62 officers in the grade of PCIT/PDIT
Company Law

Company Law
Section 66 doesn’t specify look back period for fraudulent trading
Goods and Services Tax

Goods and Services Tax
Exemption u/s 5(3) of CST Act cannot be invalidated for non-production of agreement between Indian exporter and foreign buyer
Income Tax

Income Tax
Loss incurred on hedging transaction to safeguard foreign currency fluctuation loss is not speculative loss
Goods and Services Tax

Goods and Services Tax
Time of supply of services – Section 13 of CGST ACT 2017
Finance

Finance
