Karnataka High Court held that it is not necessary for each partner to contribute towards share capital for becoming partner in the partnership firm.
ITAT Pune held that payment of Education Cess (including secondary and higher secondary education), is an additional surcharge levied on income-tax and hence it partakes the character of Income-tax, and accordingly is not allowable deduction.
Karnataka High Court held that the benefits of implementing Bharath Series (BH-Series) registration is available to private individuals also. The State of Karnataka cannot deviate from the notification dated 26.08.2021 issued by Ministry of Road Transport and Highways, Government of India
Disallowance under section 36(1)(va) on account to late deposit of employees contribution of provident fund was justified as employees contribution retained its character as income by virtue of section 2(24)(x) unless the conditions spelt by Explanation to section 36(1)(va) were satisfied i.e. depositing such amount received or deducted from the employee on or before the due date.
Bombay High Court held that insisting on bank guarantees for differential duty justifiable based on finding of SVB (Special Valuation Branch) that petitioner is undervaluing its import from related party.
ITAT Ahmedabad held that AO failed to prove that material seized, during the course of search in case of third party, belong to the assessee. Hence, invocation of proceedings u/s. 153C of the Income tax Act is against the provisions of law
Last Month, Last Chance to file ITR of FY 2021-22 – December is the last chance for taxpayers to file their Income Tax Return for FY 2021-22. Understand why 31/12/2022 is an important date for income tax payers.
AAR held that, the supply of un-branded packaged namkeens and potato products such as chips/sev etc., according to pre-determined weights, will attract GST at 12%
In re Universal Industrial Park (GST AAR Gujarat) AAR held that in absence of specific activities proposed to be carried out by the applicant and lack of sufficient documents, the application does not have any locus standii. Thus, we are not in position to pronounce the Ruling on the application filed by the applicant. Therefore, we […]
Whether supply of Pencils Sharpener along with Pencils being the Principal supply will be considered as the Composite Supply or Mixed Supply.
