ITAT Mumbai held that unsold flats which are in stock in trade should be assessed under the head “business income” and there is no justification in estimating the rental value from those flats and notionally computing annual letting value under section 263 of the Act.
CESTAT Ahmedabad held that service of laying of pipeline for Gujarat Water Supply & Sewerage Board (GWSSB) is not falling under the service of industrial or commercial construction service.
Section 138 notification under Income-tax Act 1961. Learn how UIDAI plays a crucial role in disclosing information about assessees. Stay informed with this update.
HSN codes & GST rates for Urban Roots, Bio Kavach, and Immunity Booster Avinja 7. Read detailed AAR Telangana ruling on classification and tax rates.
Stay compliant! Learn about the latest GSTN notification on ITC reversal for GSTR 3B non-filing by suppliers. Understand the rules, deadlines, and consequences. Act before November 30th.
Unlock the secrets of Dematerialisation for Private Companies. Explore the latest MCA amendment, demat benefits, and the process. Understand implications and consequences under the Companies Act. Ensure compliance with expert insights
Kerala High Court modifies VAT Tribunal’s decision in Gaiagen Technologies case. Ruling clarifies service and works contract, directs fresh assessment. Read more.
Learn about Manipal Finance Corp.’s appeal against penalties under Companies Act 2013. Analysis of non-appointment of company secretary and regulatory violations.
Bombay High Court’s decision in Bhumika Highstreet Pvt. Ltd. vs Assistant Commissioner case. An in-depth analysis of GST refund rejection order, violations of natural justice, and court’s directive for a fresh show cause notice.
ITAT Pune held that initiation of revisionary proceedings under section 263, based only on the proposal sent by AO for making revision, lacked jurisdiction and hence revisionary proceedings liable to be set aside.
