PCIT Vs Arshia Global Tradecom Private Limited (Calcutta High Court) In the case on hand the reassessment proceedings, the assessee was unable to justify the genuineness of the transactions. The assessee failed to produce original cash memos and bills for the sales alleged to have been effected and to substantiate the cash deposit into their […]
Viral Ashish Parikh Vs ACIT (ITAT Ahmedabad) it is transpired that the assessee can be granted immunity from disallowances of expenses on account of non/short deduction of taxes provided that the assessee (payer) furnishes the certificate in the prescribed form. Thus the onus is upon the assessee. However we find that assessee has not furnished […]
Appellant filed an RTI application seeking the information on Rate of Deduction of Donation to Corona Relief Fund for income tax purpose.
No Penalty u/s. 271(1)(c) for filing inaccurate particulars of income when assessee filed Revised Return offering to tax rental income
Operational guidelines in respect of ‘License Fee’, ‘Platform Services’ and ‘Sharing of Infrastructure’ for DTH services in India. In furtherance of the amended DTH Guidelines issued on 30th December, 2020; this Ministry has issued the operational guidelines for Direct To Home (DTH) services in India. These Guidelines provide the operational framework in respect to the payment […]
Bombay HC set aside the assessment orders under the Maharashtra VAT Act whereby a Developer was assessed as un-registered dealer for the periods from 2011-12 onwards
PCIT-4 Vs Krishi Rasayan Exports Pvt. Ltd (Calcutta High Court) Whether the interest subsidy and excise refund would be treated as capital receipt or revenue receipt for the purpose of computation of book profit under the provision of Section 115JB of the Income-Tax Act, 1961 ? Identical issue was also considered by this Court in […]
Central Motor Vehicles (Fifteenth Amendment) Rules, 2022. Notification issued regarding comprehensive reforms in the Trade Certificate regime under the Central Motor Vehicle Rules, 1989. Ministry of Road Transport & Highways (MoRTH) vide GSR 703(E) dated 14 September 2022 has notified comprehensive reforms in the Trade Certificate regime under the Central Motor Vehicle Rules, 1989. Due […]
In cheque Bounce case arraigning of the sole proprietary concern rather was a condition precedent for making the complaint well constituted, as it becomes the principal offender, and, with its remaining un-impleaded, as such, the absence of its impleadment cannot make the instant complaint to be well constituted, nor, any valid prosecution can in its absence, be drawn, even against the accused petitioner, who can be assigned only a vicarious liability alongwith it.
HC held that attempt by CIT to exclude a genuine disputant of tax liability, like petitioner, from possibility of settlement under VSV Act is extremely hyper-technical.
