Goods and Services Tax - Hon’ble SC has in the case of UNION OF INDIA & ORS v/s M/S VISHNU AROMA POUCHING PVT. LTD. & ANR in SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 1434/2021 has come down heavily on the lethargy on part of the revenue department in late filing of appeals, even when so much computerization have been achieved. […]...
Read MoreGoods and Services Tax - How much Vivad would be closed and how much Vishwas the Vivad se Vishwas scheme will be able to achieve that in coming months would be in front of all of us,but this scheme has proved the true integrity that we professionals have. It is the professionals who foregoing their professional opportunities and are educating […]...
Read MoreGoods and Services Tax - As mark of celebration of 159th Income Tax Day on 24th July,2019, CBDT in a mega event to be held in Delhi to be graced by Hon’ble FM and other distinguished personalities of Finance Minstry, CBDT and Income Tax Department would be launching taxpayer’s e-assistance campaign....
Read MoreGoods and Services Tax - CBDT- HOW’S THE TAX COLLECTION? Income Tax Officers- high CBDT- HOW’S THE TAX COLLECTION? Income Tax Officers- HIGH CBDT –HOW’S THE TAX COLLECTION? Income Tax Officers- HIGH CBDT- I WANT TO HEAR HIGGGGHHHHHHHHHH Well, as we are marching towards March, i.e end of financial year, Income tax department by any means even by ignoring t...
Read MoreGoods and Services Tax - “Rahul”, “Rahul”, “RAHUL…………………..””RAHUL DO YOU HEAR ME OR NOT?” . “Smriti”, “Smriti””SMRITI…………………” “I AM TELLING YOU SMRITI, I AM GONNA THROW THAT PHONE OF YOUR’S IN THE DUSTBIN” “PHONE……..PHONE……PHONE………..DIN BHAAR PHONE MAIN(DAY AND NIGHT ON PHONE)” Wel...
Read MoreValuemomentum Software Services Private Limited Vs DCIT (ITAT Hyderabad) - Hon’ble Hyderabad ITAT has in the case of Value Momentum Software Services Private Limited in I.T.A. No. 2197/HYD/2017 has held that late deposit of Employees Provident Fund prior to 01-4-2021 will not attract any disallowance as the explanation inserted by Finance Act,2021 in section 43B and Sec ...
Read MoreFicus Pax Private Limited Vs Union of India & Ors. (Supreme Court) - Ficus Pax Private Limited Vs Union Of India & Ors. (Supreme Court) Hon’ble Supreme Court in an interim order passed today in the case of FICUS PAX PRIVATE LIMITED & ORS. P VERSUS UNION OF INDIA & ORS. has stated that Employers and Employees Should Try to negotiate and settle between ...
Read MoreRe. Shree Sawai Manoharlal Rathi (GST AAR Gujarat) - In the case of Sawai Manoharlal Rathi, the Gujarat Authority for Advance Ruling has held that interest income from PPF, interest income from personal loan and advances given to family/friends and interest income from saving bank account to be included in aggregate turnover for GST registration....
Read MoreDCIT Vs. Prem Kumar Gupta (ITAT Delhi) - Hon'ble Delhi ITAT held that there is difference between loan taken from Banks and unsecured loans taken from the relatives. In the case of unsecured loans from the relatives, no formalities and bank guarantee have to be given. Thus the Hon'ble Tribunal has held 15% interest paid on unsecured loans ...
Read MoreITO Vs. Hukum Singh Rao (ITAT Jodhpur) - It was explained by the appellant that the money deposited in the bank account represented cash received from elder son, who was tax payer and the withdrawals in the bank account had a a chronologically progressive linkage of events....
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Valuemomentum Software Services Private Limited Vs DCIT (ITAT Hyderabad) -
Ficus Pax Private Limited Vs Union of India & Ors. (Supreme Court) -
Re. Shree Sawai Manoharlal Rathi (GST AAR Gujarat) -
DCIT Vs. Prem Kumar Gupta (ITAT Delhi) -