Delhi High Court held that right to use radio frequency spectrum or its subsequent transfer covered under Clause (j) of Section 66E which was effective from 14.05.2016. Accordingly, compensation received during Financial Year 2015-2016 not leviable to service tax.
ITAT Delhi held that penalty u/s 271(1)(c) of the Income Tax Act alleging inaccurate particulars not leviable as assessee was subjected to tax on book profits u/s 115JB.
Jharkhand High Court held that show cause notice u/s 73(1) on mismatch in GSTR-3B and GSTR-2A issued on standard format without strucking off unnecessary particulars or without specifying contraventions is termed as vague.
ITAT Delhi held that eligible deduction under section 11 of the Income Tax Act cannot be denied merely on the basis of technicalities.
ITAT Hyderabad held that payment to contract teachers doesn’t qualify as ‘fee for professional services’ and accordingly TDS under section 194J of the Income Tax Act not deductible.
ITAT Mumbai deleted penalty under section 271(1)(c) of the Income Tax Act as penalty order was issued without striking off the irrelevant limb/ inapplicable words.
In this article, we will discuss the fundamentals of economics, including the basic principles of micro and macroeconomics, the factors of production, and the role of government in the economy.
Any payment towards output tax, whether self-assessed in the return or payable as a consequence of any proceeding instituted under the provisions of GST Laws, can be made by utilization of the amount available in the electronic credit ledger of a registered person
Adani Enterprises Limited acquired a total of 64.7% stake in news media company NDTV in 2022 through a series of transactions. However, this takeover has its roots in a series of corporate loans availed before 2010 from different entities by NDTV’s Promoter Company, RRPR Holdings Private Limited, to buy back a large chunk of NDTV’s shares from the open market and to pay back the existing loan obligation taken from banks.
Understand NBFC-CICs with this note covering their definition, qualification criteria, types of NBFCs, and specific details on Core Investment Companies. Stay compliant with RBI regulations. Contact us for queries.
