ITAT Raipur held that addition u/s 68 as unexplained cash credit unsustainable as AO has not rejected the books of accounts Accordingly it can be concluded that by accepting the books of accounts AO has also accepted the cash deposits to have been sourced out of duly disclosed source.
Section 54 gives relief to a taxpayer from the Capital gain arising on the sale of his residential house and from the sale proceeds he acquires another residential house.
Legally binding agreement between shareholders that lays down rights & obligations of shareholders to each other & company. What is a Shareholders Agreement (SHA)?
Explore Indias socio-economic trends & budget proposals through Economic Survey! Get the complete overview of how policies, reforms & international trends affected India’s current & past financial performance. Learn more!
Explore Indias 2023-24 budget expectations from the Corporate Sector. Regulatory, structural & behavioral changes due to pandemic & government policy approach will determine economic recovery.
MCA extends the time for holding of AGM & EGM through Video Conferencing (VC) till 30th September, 2023. Get to know the latest amendments in General Circular 10/2022 and 11/2022
AAR held that the procurement and distribution of drugs, medicines and other surgical equipment by the assessee on behalf of the Government without any value addition, and without any profit or loss, without even the intent to do business, will amount to Supply
CESTAT held that mere non-payment of tax or non-discharge of liability does not suffice to alienate the responsibility of the ‘proper officer’ to offer convincing reasons for the belief that the ingredients for invoking extended period are evident.
HC set aside the order passed by 7 Revenue Department cancelling GST Registrations of assessee on the grounds of suspicion. Held that, the transaction cannot be suspected merely on the grounds that the GST Registration of the other-end dealer was cancelled with retrospective effect.
Explore the adjudication order concerning Avanti Leathers Limited under the Companies Act, 2013, addressing penalties for non-compliance with section 203.
