ITAT Delhi held that foreign commission paid by the assessee to its foreign agent for arranging of export sales and recovery of payment could not regarded as fees for technical services under section 9(1)(vii) of the Act. Accordingly, disallowance of expenditure u/s. 40(a)(i) unjustified.
Calcutta HC sets aside Section 148A(b) order for assessment year 2018-2019, citing lack of recorded reasons; directs fresh proceedings.
n Suraj Singh vs ITO, Calcutta HC rules notice under Section 148A(b) doesn’t need approval under Section 151, providing insights on the decision.
Explore the Calcutta High Court’s ruling against reopening assessments without tangible evidence of income escapement. Understand the legal implications.
GST Analysis: Get insights on the success till date, loopholes and way foreword in this analysis of Goods and Service Tax
Delve into what disqualifies an individual from taking up directorship with the Companies Act 2013. Understand mental incapacity, insolvency and other criteria in director disqualification with this blog post.
Dive into implications of CGST Rule 37A on input tax credit reversal. Learn process, time limits, and consequences for recipients and suppliers.
Kolkata High Court judgment on re-evaluation of answer scripts in Cost Accountancy exams. Analysis of regulations and court decision. No provision found.
SEBI Board’s 203rd meeting in Mumbai approved crucial changes, including flexibility in Social Stock Exchange, a regulatory framework for Index Providers, and amendments for Small & Medium REITs.
Explore Lenovo vs Joint Commissioner GST case on Section 54(1) time limits for GST refund. Detailed analysis of rejection and mismatch issues.
