The Tribunal ruled that grants from the Maharashtra Government for road projects were capital in nature. Such promoter’s contributions cannot be taxed as business income.
This guide breaks down the mandatory annual e-filing process for the Statement of Account and Solvency (Form 8) for Limited Liability Firms on the MCA V3 portal. It details the steps for reporting solvency, financial statements, and mandatory digital signature requirements.
Learn how SEZ, STPI, and Non-STPI frameworks differ in tax incentives, compliance, and operational flexibility to help GCCs make an informed India strategy.
Understand tax rules for rent-free or concessional employer-provided accommodation. Learn valuation methods, exemptions, and perquisite calculations for government, non-government, and hotel accommodations.
Learn how to apply for a lower or nil TDS certificate under Form 13. Covers eligibility, applicable incomes, filing steps, validity, and key compliance points for individuals, firms, and companies.
Reassessment proceedings initiated without obtaining prior approval from the appropriate “specified authority” under Section 151(ii) such as the Principal Chief Commissioner of Income Tax or the Principal Director General were invalid.
Court held that determining jurisdiction between State and Central GST authorities requires factual examination and advised petitioner to pursue statutory appeal remedies.
ITAT Mumbai held that denial of 80G registration due to a wrong section reference was unjustified and directed the Commissioner to reconsider the application on merits.
NCLT Chandigarh approved a ₹53.65 lakh plan by Geeta Jain for Pala Decor Pvt. Ltd., affirming that CoC’s commercial wisdom prevails under IBC Sections 30–31.
The Madras High Court held that a taxpayer’s delay in withdrawing an appeal should not disqualify them from waiver of interest and penalty under Section 128A, where tax was fully paid before the cut-off date.
