#Section 12
Log in to FollowSection 12 of Income Tax Act, 1961
Goods and Services Tax
Goods and Services Tax
Proceedings u/s. 130 cannot be put in service if excess stock found at time of survey: Allahabad HC
Income Tax
Income Tax
Bank’s Claim for non- rural bad debt write off u/s 36(1)(vii) was allowable without adjusted against provisions for bad and doubtful debts.
Corporate Law
Corporate Law
Condonation rejected as time limit prescribed u/s. 61 of IBC not satisfied: NCLAT Chennai
Corporate Law
Corporate Law
Construction of Dewas by-pass road is works contract hence tax leviable under Commercial & Entry Tax Act
Income Tax
Income Tax
Depreciation on right to collect toll on roads developed on BOT basis ineligible: ITAT Mumbai
Income Tax
Income Tax
Rejection of Exemption U/S 11 Unjustified as Form 10B Filed but Not Visible on E-Filing Portal
Income Tax
Income Tax
Registration status u/s. 12AA and exemption u/s. 11 and 12 needs to be re-examined: ITAT Jodhpur
Corporate Law
Corporate Law
Collection of cess by Agricultural Market Committee was not Tax but a fee for its services
Custom Duty
Custom Duty
CESTAT Orders Revised Duty Assessment for Customs Evasion via Fake Invoices
Goods and Services Tax
Goods and Services Tax
Proceedings u/s. 130 of GST Act cannot be initiated for excess stock found during survey: Allahabad HC
Income Tax
Income Tax
Section 80C Or 80TTA Deduction cannot be denied for deficiencies in ITR forms
SEBI
SEBI
HC directed SEBI, BSE and NSE to compensate Rs. 50 Lakhs for illegal freezing of Demat account
Income Tax
Income Tax
Normal period will apply for reopening of assessment where escapement of income is below 50 Lakhs
Income Tax
Income Tax
