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Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
ITAT Ahmedabad held that the transaction charges are actually additional cost of funds raised for the purpose of business Hence expenditure incurred on account of the same was wholly and exclusively for the purpose of business.
CESTAT Delhi held that period of limitation should be calculated from the date when the order was served and not from the date when order was dispatched.
Section 7 of the Act provides for specified Health Warning on all tobacco product packs. These rules have been amended time to time, for display of specified health warning on both sides of the tobacco product packages covering 85% of the principal display area.
Port and Custom Authorities have to take necessary action inter-alia to verify the import or export with respect to Extended Producer Responsibility, to Inform the Ministry and Central Pollution Control Board of any illegal traffic and take action against importer for violations under the Indian Ports Act, 1908 or the Customs Act, 1962. The duties and responsibilities of Port and Customs are prescribed in Schedule-V of the said rules.
Delhi High Court held that compensation received from Government of Goa on cancellation of plot is capital receipt and hence not taxable.
Navigate post-incorporation compliances of LLP with insights on Form-3 execution, bank account opening, GST registration, DIR-3 KYC, income tax return filing, and annual filings. Learn the closure process, file Form 24, and meet the necessary requirements for LLP dissolution.
Jharkhand High Court held that impugned order passed, confirming penalty for expiry of e-way bill, without proper application of mind and without dealing with the contention raised by the petitioner is against the violation of principles of natural justice and hence bad in law.
Explore the tax implications on the distribution of assets to partners, retirement, and dissolution of partnership firms in India. Learn about the recent legislative changes, applicable sections, and the computation of income. Stay informed to navigate the complexities.
Explore business valuation in India, understanding regulations, requirements, and case studies. Learn about valuation methods, impact of Indian case laws, and key insights for stakeholders.
Author of this article has attempted to bring some clarity on 7aspects of the taxability & applicability of RCM on payments made to its directors by company. The author has also thrown some light on the Circular 140 issued by department.
