In a tweet today @Infosys_GSTN tweeted that the facility to view, file and download returns of the period July 2017 has been restored on GST portal. Earlier Taxpayers were surprised to see that GSTN has removed data of July 2017 from their portal (GST.gov.in) and Taxpayers criticized the move heavily on Social Media. Move came […]
The issue under consideration is whether the order passed for imposing tax and penalty equal to 100% on areca nut for the release of detained goods and conveyances in transit is justified in law?
whether application filed under the SVLDR Scheme rejected on the sole ground that the demand was neither quantified without giving opportunity of being heard is justified in law?
3,130 tax personnel, including 600 IT officers are busy implementing the Faceless e-Assessment scheme of Income Tax. Out of 58,319 cases selected for faceless assessment, already 8,700 cases have been disposed off.
whether service tax can be levied on reverse charge mechanism basis on an Indian bank acting as a mediator between an Indian exporter and the foreign banker representing foreign importer?
There are a number of entities, the income / surplus of which is governed by the principle of mutuality and therefore, such income / surplus is not liable to income-tax. In other words, any surplus in the case of mutual concerns is exempt from income-tax and therefore, it would not form part of the gross total income of such mutual concerns.
A business in its normal course of business can incur losses on account of various reasons. One of the reason being heavy deductions and exemptions given by the government under the Income Tax Act,1961 in order to encourage the expansion of existing business or set up new business.
Vijay Goverdhandas Kalantri & Another Vs Union of India & Others (Punjab and Haryana High Court) The issue under consideration is whether the filing of the petition without jurisdiction only to gain benefit of its interim order is sustainable in law? In the present case, admittedly, both the petitioners are residents of Mumbai and the […]
The pilot project undertaken by the department proved to be highly successful. In total 58319 cases were selected in 8 cities i.e. Ahmedabad, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Delhi wherein till date 8701 cases have been completed without making any additions and only in 296 cases additions have been proposed which are presently under review.
The issue under consideration is whether the addition can be made against an individual member of the family, even if the that gold in possession belongs to entire family?
