Taxpayers face hurdles due to tax department inefficiencies, including contradictory affidavits and procedural oversights in legal matters.
AAR, West Bengal ruled that GST exemption is unavailable when maintenance charges exceed Rs. 7,500/- per month per member. Full charges are taxable in such cases.
Madras High Court ruled GST orders cannot exceed demands stated in Show Cause Notice without explanation. Such orders will be set aside under CGST Act.
AAR Maharashtra ruled no GST on electrical energy supply by AES Engineering, as it’s exempt under relevant notifications. ITC not applicable on exempt supplies.
Learn about cybersecurity risks in India’s securities market, SEBI’s Cyber Resilience Framework, and measures to protect financial institutions from cyber threats.
As per the AO, the impugned payment in cash exceeding the specified limit was not allowable as deduction and accordingly the AO disallowed the same under the provisions of section 40A(3) of the Act and added to the total income of the assessee.
In the impugned order it has been held that supply of free power is nothing but “consideration” towards licensing services rendered by the State Governments. The correctness of this view is assailed in the Writ Petition.
Smt. Deepti Gaur Mukerjee appointed as chairperson of the Investor Education and Protection Fund Authority by the Ministry of Corporate Affairs on October 3, 2024.
Details of adjudication against Mrs. Anubama for violating Section 155 of the Companies Act, 2013, resulting in a penalty of ₹19,51,000.
Learn about Sovereign Gold Bonds, eligibility, investment tenure, tax implications, and benefits of investing in digital gold issued by the Government of India.
