ITAT Delhi held that addition under section 68 towards unexplained income unsustainable as AO failed to consider leased land while assessing the agricultural income.
ITAT Mumbai held that damage on account of right to sue is a capital receipt and accordingly not chargeable to tax.
CESTAT Chandigarh held that the registration of the premises is not a pre-condition for availment of cenvat credit and thereof consequently the refund.
Allahabad High Court held that a departmental inquiry against government servant is not to be treated as a casual exercise and accordingly suspension of Assistant Commissioner of State Tax without merit is liable to be quashed.
Private Placement Memorandum (PPM) serves as a comprehensive document that provides prospective investors with essential information about the fund’s investment strategy, objectives, risks, and legal structure.
Income Tax Bar Association & All Gujarat Federation of Tax Consultants request a one-year deferment for new Form 10B and Form 10BB compliance due to practical difficulties.
Discover simplified taxation scheme under Section 44AD of Income Tax Act. Learn eligibility criteria, exemptions, and key insights into this taxpayer-friendly approach.
Learn about Income Tax Returns, exemptions based on age and income, and key insights for accurate filing. Avoid common mistakes and understand parameters for scrutiny.
Discover key features of OPC (One Person Company) in India, including its structure, taxability, advantages, and compliance requirements. Learn how OPCs can benefit solo entrepreneurs.
Explore interplay between Article 137 of Limitation Act and Section 238 of Insolvency and Bankruptcy Code (IBC). Learn how statutory limitations impact insolvency proceedings.
