Estate of Late Harkishin Bhojraj Chanrai Vs DCIT CPC (ITAT Mumbai) Undisputed facts though the assessee has filed its return of income declaring an income of ₹ 1,288,261/– in the status of association of person of estate of a diseased individual. The tax liability is required to be computed as per the normal tax as […]
PCIT Vs Kumar Builders Consortium (Bombay High Court) Revenue argued that Section 80IB(10), does not at all envisage a pro rata deduction, in respect of eligible fats. In other words, it is suggested that even if a single flat in a housing project is found to exceed the permissible maximum built-up area of 1500 sq.ft., […]
Central Government appoints Judicial and Technical Members in National Company Law Appellate Tribunal (NCLAT) for a period of four year
ITAT held that Even if it is assumed MD was ill which incapacitated him for continuously four years , the assessee could have entrusted the task to other Directors/officers of the assessee
ICAI Releases Exposure Draft Guidance Note On Report Under Section 92E Of Income-Tax Act, 1961 (Transfer Pricing) Based on the law as amended by Finance Act, 2022
Representation requesting for Extension of due date for filing Income Tax Returns (Non-Audit and Salaried) for AY 2022-23 under section 139(1) of IT Act, 1961 with further request to permanently fix date of Filing ITRs as 31st August in future by issuing Notification
FTS does not include consideration `which would become income of the recipient chargeable under the head Salaries’.
The material available on record indicates that IP has entered into an arrangement with one Mr. Anil Goel, on March 21, 2020 for appointment of Mr. Anil Goel as advisory services in CIRP of CD. The scope of services, as provided in the said engagement letter covers finalisation of strategy and structure for resolution process […]
Import of Human Embryo under ITC (HS) 05119999 is Prohibited in accordance with the Assisted Reproductive Technology (Regulation) Act, 2021 and The Surrogacy (Regulation) Act, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi Notification No. 22/2015-2020 | Dated: 20th July, 2022 Subject: […]
ITAT held that ‘serving of liquor is not charitable activity under section 2(15) of the Income Tax Act, 1961,
