Learn about Sec 269SS, 269ST & 269T of the Income Tax Act & how they affect businesses. Analysis of these sections & their importance for maintaining business success.
In re Precision Camshafts Limited (GST AAAR Maharashtra) The moot issues before us are as to whether activity of appellant is an intermediary service as held by the MAAR or as contended by the appellant, an activity of design and development of patterns/tools used for manufacturing of camshafts, for a overseas customer is a composite […]
Whether the submission of bank guarantee for provisional release can be completely waived off if differential duty has been paid?
The timeline for declaring the net quantity of edible oils etc. without mentioning temperature is extended for six months, considering the request of the industries to exhaust the un-utilized packaging material.
HC should not interfere in these types of cases where full-fledged investigations are required on alleged fictitious transaction/claim and all these are matters of evidence which cannot be appreciated by the writ court.
Interest income earned by a co-op society on its investment held with cooperative bank would be eligible for section 80P(2)(d) deduction
Order passed u/s.263 is invalid and shall be deemed to have never been issued if it does not contain the DIN
If property is used as stock in trade then such property would become or partake the character of stock and any income from stock would be income from business and not income from property.
Toyota Kirloskar Motor (P) Ltd Vs ACIT (ITAT Bangalore) The Appellant submits the in its own case for AY 2003-04, the Honourable Bangalore Tribunal has accepted that TP adjustment has to restricted to AE transactions. Further, in Appellants own case for AY 2013-14 [ITA No.2016/Bang/2018, dated 18.08.2021], the Honourable Bangalore Tribunal has upheld the action […]
ITAT reversed the demand under Section 200A attributable to merely wrong mention of TAN in the TDS deposit challan
