Day: October 14, 2023
40 articlesIncome Tax

Income Tax
Section 50C not apply to property purchased/ sold as business property
Income Tax

Income Tax
Confirmation of addition by CIT(A) in absence of any evidence u/s 69A justified
Excise Duty

Excise Duty
Demand u/r 11 unsustainable as rule 10(b) of Central Excise Valuation Rules applies
Goods and Services Tax

Goods and Services Tax
Service provider liable to pay 50% tax on works contract service provided to body corporate
Income Tax

Income Tax
Revision order u/s 263 without satisfying two essential condition is unsustainable
Income Tax

Income Tax
Transfer of goodwill taxable under Capital Gain and not business income
Finance

Finance
India’s Exports and Trade Deficit in September 2023
Income Tax

Income Tax
Ease of Taxation for Small Taxpayers (Presumptive Taxation)
Income Tax

Income Tax
Addition u/s 68 impermissible as income estimated u/s 44AD of the Income Tax Act
Excise Duty

Excise Duty
Granting adjournment beyond three times unjustified hence appeal dismissed for non-prosecution
Goods and Services Tax

Goods and Services Tax
GST applicable on supply of water to residents of society by Company
Goods and Services Tax

Goods and Services Tax
GST payable on web based spot billing & collection of payment services for water supply
Custom Duty

Custom Duty
Confiscation & penalty justifiable due to illicit smuggling of gold without valid documents
Income Tax

Income Tax
