Raman Chaudhary Vs ACIT (ITAT Delhi) It is evident, the assesse is an agriculturist. For purchasing some agricultural land jointly, the assessee had availed cash loan from other agriculturists. It is a fact on record that the genuineness of the loan availed by the assessee has been accepted by the departmental authorities. Of course, there […]
Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor. The key person of the group is also occupying a political position.
HC held that GST Assessment order passed without issuing SCN for the period of Assessment is invalid & criticized Assessing Officer for half-baked, incomplete and internet acquired knowledge and for not following principle of natural justice.
Patel Brass Works P. Ltd Vs ACIT (ITAT Rajkot) The issue for consideration before us is that if the assessee has not claimed deduction under section 80-IA of the Act in the return of income, can it be permitted to claim the same during the course of assessment proceedings by way of filing a revised […]
Clarification on issue as to whether the goods sought to be imported namely Lithium Ion Cell (Captive Consumption — For LED)” merits benefit under Sr. No. 471 of Exemption Notification No. 50/2017-Cus. dated 30.06.2017, as amended by Notification No. 02/2021-Cus. dated 01.02.2021 as part for use in manufacture of LED Emergency Bulb/ Light.
RESULTS OF CHARTERED ACCOUNTANTS FOUNDATION EXAMINATION HELD IN JUNE- 2022 PRESS RELEASE The result of the Foundation Examination Held in June 2022 was declared recently. The details of percentage of candidates passed in the above said examination are given below: GENDER No. of candidates appeared No. of candidates passed % of Pass No. of Exam […]
Activity of fabrication & mounting of Tanker and Tripper on chasis supplied and owned by principal is supply of Service – 18% GST Payable
ITC available on input services used for making outward taxable supply of same line of business subject to Notification No. 11/2017-CT (Rate)
Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operations on 02.08.2022 in the cases of certain producers, distributors, and financiers associated with the film Industry. The search operations were conducted at almost 40 premises located in Chennai, Madurai, Coimbatore and Vellore. During the course of the […]
RBI is prohibited from disclosing borrower-wise credit information, since the credit information submitted by a bank is Confidential
