Mumbai ITAT held that if part consideration for additional area was paid through banking channels before the agreement date, the assessee may claim the benefit of the provisos to Section 56(2)(x).
Learn why a PSARA License is mandatory for private security agencies and understand the eligibility conditions, documentation, and approval process involved.
The Karnataka High Court held that projects obtaining partial occupancy certificates before RERA came into force are exempt from being treated as ongoing projects, thereby excluding RERA’s jurisdiction.
A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to penalties, loss of deductions, exemptions, and legal remedies. The key takeaway is that timely compliance with filing, assessment, appeal, audit, and tax payment obligations is crucial to avoid adverse tax consequences.
Mumbai ITAT held that an order labelled as a draft assessment order loses its character if accompanied by demand notices and penalty initiation. Failure to comply with Section 144C renders the assessment void and without jurisdiction.
This guide explains the legal provisions, procedural steps, and filing requirements involved in converting a public company into a private company under the Companies Act, 2013.
The Telangana High Court declined to examine the merits of the GST assessment order and allowed the taxpayer to pursue the statutory appellate remedy. The Court clarified that the appellate authority should consider the delay condonation plea based on the reasons explained by the assessee.
The Supreme Court ruled that fantasy sports involving monetary stakes constitute betting and gambling for GST purposes. The judgment confirms that skill elements do not negate GST liability where outcomes remain uncertain.
The Telangana High Court declined to examine the merits of the GST demand but permitted the taxpayer to file a statutory appeal with a delay condonation application. The ruling highlights that appellate remedies remain available even where notices are claimed to have been discovered belatedly through the GST portal.
The Telangana High Court held that an order rejecting delay condonation without assigning reasons suffers from lack of application of mind. The key takeaway is that authorities must pass speaking orders while deciding applications for revocation of GST registration cancellation.
