Delhi ITAT ruling on Manish Kumar Mittal Vs ITO case clarifies treatment of cash-in-hand from business profits declared under Sec 44AD, preventing it from being added as unexplained money.
In Gujarat Guardian Ltd Vs C.C.E-Bharuch, CESTAT Ahmedabad ruled that remuneration paid as commission to whole-time directors based on profit doesn’t constitute an employer-employee relationship, thus no service tax applies.
Delhi High Court upholds suspension of customs broker license for fraudulent permit to third parties, ruling in favor of Commissioner of Customs.
Explore how DCIT vs. Claris Lifesciences Limited case sets precedent for setting off deemed short-term capital gain on sale of depreciable against long-term capital loss.
Read about the interim relief denial by Competition Commission of India in the case of People Interactive India Private Limited vs. Alphabet Inc. (Google) regarding Googles app store fee policy.
Understand the adjudication proceedings under Section 92(4) of the Companies Act, 2013 against M/s. North Star Construction Private Limited and its directors.
ITAT Ahmedabad overturns AO’s decision, ruling that penny stock sale cannot be treated as unaccounted income if the purchase is genuine. Details of the case and verdict provided.
Discover penalties imposed on North Star Construction Pvt Ltd for non-filing of Balance Sheet as mandated by Section 137 of Companies Act, 2013. Detailed analysis, penalties, and implications explained.
Learn about rectification guidelines under DGST Act, 2017 for FY 2017-18. Explore eligibility criteria and procedural insights. Ensure compliance with timelines.
In a case involving share purchase discrepancies, ITAT Mumbai directs the AO to re-calculate tax liabilities after verifying relevant documents. Full text of the order provided.
