NCLT held that documents being forged or not cannot be determined by the National Company Law Tribunal as National Company Law Tribunal is not a forum for adjudication of fraud.
ITAT Chennai held that towards professional and technical services for developing of web enabled software SIBIL for marketing related information, which in our view is payment for technical services and the same is subject to deduction of tax at source.
Facts- Petitioner statedly is a limited company engaged in procuring vehicles from Tata Motors Limited (“TML”) and selling them to dealers within and outside the State of Maharashtra.
ITAT Surat held that addition as unexplained investment in the hands of one of the co-owner unsustainable as department didn’t made proportionate addition in the hands of other co-owners.
Circular No. 12/2023 -Custom Dated: 24th May 2023 provides information on customs notifications related to duty remission/exemption schemes and Export Promotion Capital Goods (EPCG) schemes, as well as highlights key aspects of the FTP and Handbook of Procedures (HBP). It also urges relevant authorities to ensure timely processing of applications and address any difficulties faced […]
ITAT Delhi held that as payments made to the non-resident service providers not chargeable to tax in India, thus disallowance u/s 40(a)(ia) of the Income Tax Act on account of non-deduction of TDS is unsustainable.
Explore key ESOP (Employee Stock Ownership Plan) terminology and tax implications. Understand grant dates, vesting periods, exercise prices, and taxation triggers. Make informed decisions on ESOPs for financial growth.
This article will delve into the annual action plan of CSR in India as outlined by the Companies Act 2013. It will explore the key provisions of the Act, emphasize the significance of strategic planning, examine eligible activities, and provide insights into implementing effective CSR initiatives to maximize their impact.
ITAT Ahmedabad held that draft assessment order u/s 143(3) read with section 144C of the Income Tax Act passed on a non-existent company is null and void.
CESTAT Delhi held that the hostel service and education services are naturally bundled in the ordinary course of business and it is the education service that gives the essential character to such bundle. Accordingly, hostel service is not subjected to levy of service tax.
