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AAR Karnataka allows withdrawal of application by Office Official Liquidator

September 11, 2019 426 Views 0 comment Print

The Applicant, however, vide their letter dated 04.09.2019 have requested to permit them to withdraw the application filed for advance ruling quoting the reason that the questions raised in their application were based on Place of Supply and also sale & shipment of the aircraft has already been completed.

Interim Moratorium: To be a Judicial Discretion ?

September 10, 2019 8967 Views 2 comments Print

Everyone rushes to drill the well and if they know that the well is about to dry they will rush more to get those last drops. Moratorium banns to drill the wells which are about to dry. Moratorium is said to be the main plank of the rescue culture.

Solution to Difficulties in filing of online CA Exam Forms

September 10, 2019 3939 Views 0 comment Print

Clarification on difficulties faced by candidates in on-line submission of application forms for appearing in CA exams to be held in November 2019 It has been brought to our notice that some candidates are experiencing difficulty in submission of exam forms on-line for appearing in CA exams to be held in November 2019. In this […]

Consider Net Interest expenses for section 14A disallowance: ITAT Delhi

September 9, 2019 1431 Views 0 comment Print

DCIT Vs M/s. DLF Assets Pvt. Ltd. (ITAT Delhi) On the aspect of disallowance made by the Ld. AO by invoking the provisions u/s 14A of the Act r/w Rule 8D (2) (ii) of the Rules, it is the submission of the Ld. AR that the interest expenses net of interest income may be considered […]

Aadhaar data cannot be shared : CIC

September 9, 2019 1032 Views 0 comment Print

Explore the legal battle: Anupam Saraph vs. UIDAI. The dispute over Aadhaar data security, personal information, and disclosure regulations. Central Information Commission’s decision analyzed.

L&T Case: Classic example of change of opinion

September 9, 2019 4512 Views 0 comment Print

The assessee had challenged reopening of assessment on two grounds. The CIT(A) had accepted the arguments of the assessee, in light of provisions of section 147 of the Act, and the assessment order passed by the AO u/s 143(3) of the Act, dated 29/12/2018 and came to the conclusion that the assessment has been reopened on change of opinion without there being any tangible material, in the possession of the AO, which suggest escapement of income.

GST payable on Supply of cleaning & sweeping service to hospitals

September 9, 2019 31566 Views 1 comment Print

In re Altabur Rahaman Mollah (M/s Reliable Hospitality service) (GST AAR West Bangal) The Applicant, stated to be supplying facility management services like mechanised and manual cleaning, housekeeping, security services etc. to various Central Government and State Government hospitals, seeks a ruling as to whether exemption from payment of GST is available for such supplies […]

RBI Master Circular: Disbursement of Government Pension by Agency Banks

September 9, 2019 1110 Views 0 comment Print

Reserve Bank Of India RBI/2019-20/57 DGBA.GBD.No.521/31.02.007/2019-20 September 9, 2019 All Agency Banks Dear Sir/Madam Master Circular – Disbursement of Government Pension by Agency Banks Please refer to our Master Circular RBI/2018-19/1 dated July 2, 2018 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by […]

SAT quashes SEBI’s ban on an international professional services firm

September 9, 2019 1821 Views 0 comment Print

Price Waterhouse & Co. Bangalore LLP & Ors. Vs SEBI (SAT Mumbai) SAT Held that Order of Whole Time Member (WTM) of SEBI debarring the PW firms to audit listed company on the ground of PW network or projecting it as a PW brand cannot be sustained. There is no doubt that there has been […]

Section 10(23C)(vi) Exemption cannot be denied to Assessee running school for educational purposes

September 8, 2019 7014 Views 0 comment Print

M/s Ram Lal Bhasin Public School Vs CIT (ITAT Amritsar) For claiming exemption u/s 10(23C)(iiiad) of the Act, the entity must be an University or other educational institute existing solely for educational purpose and not of the purposes of profit. In the present case it is not in dispute that the assessee is a school […]

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