NCLAT Delhi held that struck off the name of the company from the register of Registrar of Companies sustainable as Audited Financial Statement of two immediately preceding Financial Year reflect ‘zero revenue’ from its operations.
ITAT Delhi held that provisions of section 50C of the Income Tax Act applies only in case of transfer of land or immovable property. Invocation of deeming provision of section 50C in case of mere transfer of right in property accrued under agreement without transfer of title is unjustifiable.
CESTAT Chandigarh held that Chartered Accountant certificate was provided for quantification of tax, however, the said certificate was not discussed. It is settled law that certificates given by Experts in the respective fields cannot be ignored without cogent reasons.
CESTAT Kolkata held that providing operational or administrative assistance in any manner or providing infrastructural support service or managing distribution and logistics service, fall within the ambit of ‘Business Support Service’.
Delhi High Court held that restrictions and conditions to issuance of registration certificate to Haj Group Organizers (HGO) not imposed on account of late payment of GST as it would affect the pilgrims who have registered with HGO to undertake pilgrimage.
Madras High Courts ruling on ASR International vs Deputy Commissioner of Customs, regarding re-exportation of Link Samahan without payment of import duties.
Learn how to report F&O losses in ITR 3 with this step-by-step guide. Understand the eligibility criteria for filing ITR 3, including the treatment of F&O income, intraday transactions, and other sources of income. Follow the guidelines to file your tax return accurately and comply with Income Tax regulations.
This case revolved around purchase of a property from twenty co-owners, where assessee was treated in default for non-deduction of TDS. Assessee argued that demand resulted in double taxation as taxes already been paid.
Learn how businesses can protect personal information during mergers and acquisitions (M&A). Understand the importance of data privacy due diligence, adopting a holistic approach, and safeguarding employee data in compliance with privacy laws.
This article provides an overview of SEBI (LODR) (Second Amendment) Regulations, 2023 of June 2023, delving into key updates and their potential implications for listed companies, investors and overall market landscape.
