Budget 2023-24 is a crucial tool by the government to reinforce commitment to quality of life. In order to achieve this, all sectors of the economy need to get due attention and resources to ensure the delivery of essential services to the people and stimulate growth. Here is a detailed analysis of the Budget 2023-24 […]...
The Draft Digital Personal Data Protection Bill, 2022 was released by the Ministry of Electronics and Information Technology for public feedback on November 18, 2022 with the last date for public feedback being January 2, 2023. The draft bill post taking into consideration the comments, will be introduced in the upcoming session in Parli...
Subramanya Karthik Vs ITO (ITAT Bangalore) -
Subramanya Karthik Vs ITO (ITAT Bangalore) ITAT held that decisions cited by the learned Counsel for the assessee proceed on the assumption that the disallowance of employees’ share of PF and ESI paid beyond the due dates under relevant law has been made only under section 143(1)(a)(iv) of the Act, while in the intimation under [&hellip...
HISTORY OF BODY CORPORATES IN INDIA “At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom…” With the aforesaid iconic lines of India’s First prime Minister, hon’ble Pt. Jawaharlal Nehru, India attained its Independence and become an Independent Country, however, along with the Joy and t...
The services by way of renting residential dwelling for use as the residence (other than commercial purpose) has been *exempted from GST. However, based on the recommendation of the 47th GST Council Meeting, w.e.f. 18.07.2022, an exception has been carved out of the given exemption entry providing that the exemption would not be availab...
ACIT (OSD) TDS 2(2) Vs Shoppers Stop Limited (ITAT Mumbai) -
ITAT Mumbai held that payment made under the Sales or Return agreement are not in nature of ‘works contract’ but ‘purchase of goods’ and hence not liable to deduct tax at source under section 194C of the Income Tax Act....
Astra Zeneca Pharma India Ltd. Vs DCIT (LTU) (ITAT Bengaluru) -
ITAT Bangalore held that disallowance merely considering the provisions of section 144C(8) of the Income Tax Act without verification of details furnished by the assessee is unsustainable in law....
VIC Enterprises Pvt. Ltd. Vs ACIT (ITAT Delhi) -
ITAT Delhi held that the scholarship to a student who was neither an employee nor associated with the company for any commercial or business purpose doesn’t satisfy the provisions of section 36 and section 37 and hence not allowable as deduction....
DCIT Vs NIBR Bullion Pvt. Ltd. (ITAT Mumbai) -
ITAT Mumbai held that addition merely on the basis of confession during the course of search operation without supporting evidence is unsustainable in law....
Kacharu Madhukar Shinde Vs JCIT (ITAT Delhi) -
ITAT Delhi held that penalty u/s 271E of the Income Tax Act leviable on account of repayment of loan in cash in excess of Rs. 20,000 vis-à-vis failure of assessee to prove that such payment is covered by exceptional circumstances covered under section 269T....