Income Tax : Before going through the content of the article let us understand what the word Tax Terrorism means. The term ‘tax terrorism’ ...
Income Tax : A remedy by way of appeal from the orders of ITAT is provided both u/s.260A of the Income-tax Act, 1961 and u/s.15 (w.e.f. 6-1- 20...
Income Tax : Tax dispute resolution in the Indian context hasn’t particularly been an encouraging experience. While a portion of this taint c...
Income Tax : Tax dept says Central excise refund should be taxed because it is a benefit derived from a government scheme and is distinct from ...
Corporate Law : RADIO broadcasters have expressed concerns over the proposed move to introduce Section 33A in the Copyright Act which would give u...
Income Tax : The new Code does not provide for any appeal to the High Court. Section 192 provides for an appeal to the National Tax Tribunal, f...
Income Tax : The Delhi Income-Tax Tribunal has held that valuation of perquisite determined by the assessee relying on interpretation of Taxman...
Finance : The Supreme Court will decide whether recovery of government dues, including income tax and excise, should get priority over liabi...
Goods and Services Tax : The assessee was printing PAN cards for the Income Tax Department, Government of India. Service tax was paid on such activity. Sal...
Goods and Services Tax : Maharashtra Sales Tax Tribunal Mumbai holds devotional images made out of gold to be taxable at the rate of 1% under MVAT Act, 200...
Corporate Law : The Tribunals Reforms Bill, 2021 is introduced in Lok Sabha on 02/08/2021. The Tribunals Reforms Bill, 2021 inter alia provides fo...
The Supreme Court will decide whether recovery of government dues, including income tax and excise, should get priority over liabilities of banks and other creditors while dividing the assets of a sick company. Tax authorities have moved the apex court challenging the Punjab and Haryana High Court which held that excise dues cannot get priority over liabilities of secured or unsecured creditors, banks and financial institutions.
