Jharkhand High Court held that initiation of prosecution proceedings under section 276CC of the Income Tax Act in absence of any demand, as demand adjusted against refund, is bad-in-law and liable to be set aside.
Bombay High Court held that award of tender of work related to daily spraying and fogging activity for control of Vector Borne Disease by Nashik Municipal Corporation on the basis of fake Chartered Accountant Certificate is liable to be set aside.
CESTAT Delhi held that Wireless Access Points which works on technology and doesn’t support LTE is exempted from whole of customs duty under serial 13(iv) of the notification dated 01.03.2005.
ITAT Delhi held that disallowance of expenditure owing to suspension of business unsustainable as there is nothing on record to show that assessee has completely abandoned or closed the business forever by disposing of its assets and going into liquidation.
Implications of Karnataka’s E-Way Bill notification on movement of gold, silver, and precious stones. Learn about intra-state and inter-state compliance, B2B, and B2C transactions.
Learn more about GST on Personal and Corporate Guarantees, based on the 52nd GST council’s recommendations. Understand the difference between personal, bank & corporate guarantees.
Explore Income-Tax Implications of Joint Development Agreements in Property Transactions. Unveil the complexities of Section 45(5A) of the Income-tax Act, 1961, covering mechanisms, tax implications, and legal provisions. Learn about tracking ITC temporary reversals, reclaiming reversals, reporting in 4D(1), avoiding excess claims, and calculating aggregate ITC. Master ECRRS for accurate and seamless GST compliance. Stay informed, stay compliant! #IncomeTax #PropertyTransactions #JointDevelopmentAgreement
Explore the seamless implementation of the E-Invoice System for GST compliance. Learn the procedures, modes, and detailed steps for IRN generation through offline tools, API integration, and more
Lower court strikes down Haryana State Employment of Local Candidates Act due to unconstitutionality. P&H HC quashes the Act for providing 75% reservation to residents in private jobs paying < Rs. 30,000.
Learn the taxability of dividend income with answers to FAQ’s. Understand the basics of dividend income and its taxation in 2020 with this handy guide. Taxability of Dividend Income – FAQ’s
