ITAT Surat held that provision of section 115BBE of the Income Tax Act as amended vide Taxation Laws (Second Amendment) Bill 2016 which is effective from 01.04.2017 cannot be applied to search conducted prior to the effective date.
held that no income tax additions can be made when source of investment made against the share capital/ premium/ warrants, stands explained, as assessee and investor companies, have substantiated the same by furnishing evidences and proved the Identity, genuineness of transactions and creditworthiness of investor companies.
Order rejecting application of petitioner for revoking order of attachment of bank accounts is appealable under Section 107 of OGST Act.
Discover the complete guide to start-ups, covering inception, marketing strategies, funding, tax benefits, registration under Start-up India Scheme, and the step-by-step closure process. Stay informed for successful entrepreneurship.
Understand Form 15CA and Form 15CB for making payments to non-residents in India. Learn about their significance, applicability, submission procedure, and the role of a chartered accountant. Seek professional guidance to ensure accurate compliance with international tax regulations.
Navigating Goods and Services Tax (GST) notices requires a strategic approach. Learn how to analyze allegations, understand questions, manage burden of proof, consider limitations, and seek professional guidance for effective responses. Protect your interests during the adjudication process under GST law.
Explore the detailed analysis of CBDTs Circular No. 6/2023, providing clarifications on the registration and approval process for charitable and religious trusts under the Income-tax Act, 1961. Learn about key provisions, application deadlines, and implications for existing and new trusts, ensuring compliance with income tax regulations.
Office of the Commissioner of the State Goods and Services Tax (SGST) Department in Kerala has issued Circular No. 11/2023 regarding the allocation of adjudication files to Deputy Commissioners of Taxpayer Services Vertical and Deputy Commissioner Adjudication. The circular aims to streamline the distribution of work among Deputy Commissioners of Taxpayer Services and Deputy Commissioners […]
The Ministry of Corporate Affairs announces the appointment of new Judicial and Technical Members in the National Company Law Tribunal.
ITAT Cochin held that delayed audit report, due to illness of a partner and hardware damage, constituted a technical venial breach that did not result in any loss to exchequer.
