ITAT Ahmedabad held that only certain percentage of alleged bogus purchases should be disallowed. Disallowance of entire alleged bogus purchase unjustified when corresponding sale of finished product has been subjected to tax.
Draft regulations 1. These regulations may be called the Food Safety and Standards (Vegan Foods) Amendment Regulations, 2022. 2. In the Food Safety and Standards (Vegan Foods) Regulations, 2022, in regulation 4, for sub regulation (2), the following shall be substituted, namely:-
ITAT Mumbai held that bitumen, bitumen emulsion, cut back bitumen, modified bitumen produced by the assessee certainly fall in the category of “mineral oil” for the purpose of section 80IB(a) of the Income Tax Act, 1961.
Delhi High Court held that Section 21 of the Chartered Accountants Act, 1949 provides suo moto power to the institute to initiate disciplinary proceedings against its member without any written complaint/ allegation.
ITAT Kolkata held that CBDT instruction no. 3/2016 exempt referring the specified domestic transactions with AE to TPO. Thus, revisionary order directing AO to pass fresh assessment order after making reference to TPO is unsustainable.
ITAT Delhi held that addition u/s 69A of the Income Tax Act unsustainable as cash deposit of INR 4.50 cr. is income under the scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY) and the same is cleared by a valid declaration under the scheme.
ITAT Delhi held that power incentive granted by the Government of West Bengal is actually given for sole intention of setting up new industry and attractive private investment and hence the same is capital receipts and not chargeable to tax.
Delayed employees PF remittance Supreme Court decision in Checkmate Services – Under s.143(1), power to disallow. Tribunal decisions divergent.
Bitcoin crypto is an investment that is best for the people who want the best profit and safety for the funds and details. This name is trendy in the trending crypto market, and if you check the best potentials for safety and profit, there is no other option like this one. It is an asset famous for its great potential and features provided to the users.
In this investment world, there are several trending ways to earn a significant profit; the crypto asset is coming to the top. Crypto assets benefit the person who wants to make substantial, but it is only possible if there is a piece of proper knowledge.
