DCIT Vs Hema Mohanlal Divyasree (ITAT Cochin) We have carefully perused the JDA entered between the assessee and the developer. As per the JDA (in page 3 para 4), the construction should have completed and the share of build up area marked for the assessee ought to have been handed over within 36 months of obtaining necessary […]
The supply of medicines and allied items to the outpatients through the pharmacy attached to the hospital run by the appellant is taxable under GST.
Zaveri and Co Pvt. Ltd. Vs Union of India (Gujarat High Court) 1. Mr. Uchit Sheth, learned advocate for the petitioner has submitted that the petitioner has challenged rule 96 (10) (b) of the Central Goods and Service Tax Rules, 2017 insofar as the same has been given retrospective effect. It was pointed out that […]
Various instances have been reported by the DPD importers wherein shipping lines were found to be moving the DPD containers to the CFSs of their own preference & not in accordance with the default stacking code shared to them through the CSLA. Movement of DPD containers to the CFSs other than the choice of the DPD importers may result in extra cost to the DPD importers and also delay in clearance.
It was held that Amount received by assessee from his father out of sum received by father for transfer of mining lease right to a Company in which assessee was shareholder cannot be treated as deemed dividend income of the assessee under section 2(22)(e) as sum was not received on behalf of Assessee and it was for a commercial transaction.
. The suspected fraud cases are being reported to CPC-ITR, Bengaluru by CPC-TDS and various field formations. Such suspected cases are broadly classified in two categories i.e (i) Suspected Fraud PANs (ii) PANs linked with the suspected fraud TANs.
Implementation Guide to Standard on Auditing (SA) 230, Audit Documentation (Revised 2018) The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi Foreword Standards on Auditing are critical in ensuring and enhancing quality in audits of financial statements. It is therefore necessary that the auditors properly understand and implement […]
It is the case of the Revenue that the appellant is reimbursing the freight amount to their consignees to the extent freight is paid by the consignee. Besides, it was also found that the appellant was also issuing credit notes for reimbursement of freight charges. Thus, the case of the Revenue is that the freight is ultimately paid by the appellant i.e. the consignor even in the cases where invoices show balance freight amount to be paid by the consignee-dealer.
Please refer to the article titled ICAI is dead. How a ministry report put the final nail in the coffin written by N Sundaresha Subramanian and Muskan Khan and published in the ET Prime dated 22nd November, 2018
Ministry of Finance releases Discussion Paper entitled 3 Essential S of Climate Finance – Scope, Scale and Speed: A Reflection on the sidelines of COP 24 in Katowice, Poland
