• Income Tax

Issue of income tax notice for prima facie adjustment u/s 143(1)(a) – ITBA Instruction

7 years ago

Issue of notice for prima facie adjustment u/s 143(1)(a) of the Income Tax Act. ITBA Instruction for processing of ITR…

  • Companies Act

Companies (Adjudication of Penalties) Amendment Rules 2019 – MCA Notification

7 years ago

Companies (Adjudication of Penalties) Amendment Rules 2019. Reply to notice shall be filed in electronic mode only but oral submissions…

  • GST

notice returned with postal endorsements “not known” or “abolished” not deemed served –HC

7 years ago

GST notice returned with postal endorsements as “not known” and “abolished” by no means suggest that there is any deemed…

  • Income Tax

Computation of turnover for share/derivatives trading & applicability of Section 44AD

7 years ago

Computation of turnover for share/derivatives trading and applicability of Section 44AD. AO to either follow ICAI guidance note on tax…

  • Income Tax

Startup Certification u/s 80-IAC and Exemption u/s 56(2)(viib) of Income Tax Act

7 years ago

Startup Certification u/s 80-IAC & exemption u/s 56(2)(viib) of Income Tax Act- Govt. amends Startup Rules MINISTRY OF COMMERCE AND…

  • Income Tax

Partners remuneration as allowable u/s 40(b)(v) in profit-sharing ratio upheld

7 years ago

Partners remuneration as allowable u/s 40(b)(v) in profit-sharing ratio. ITAT upheld the remuneration clause in the partnership deed ABCAUS Case…

  • Excise/Custom

Clandestine removal of goods can not be alleged on the basis of bilties/GRs recovered from transporters

7 years ago

Clandestine removal of goods without payment of excise duty can not be alleged on the basis of bilties/GRs recovered from…

  • Excise/Custom

200 % Custom Duty imposed on All goods originating in or imported from Pakistan 

7 years ago

200 % Custom Duty imposed on All goods originating in or imported from Pakistan after Pulwama terror attack. MINISTRY OF…

  • VAT

ITC of Building Construction Material under UPVAT – High Court admits Petition

7 years ago

Question of ITC in Building Construction Material such as Angle, Cement, H.R. Sheets, Channel, Cylinder etc. under UPVAT - High…

  • GST

Payment of IGST on supply of warehoused goods deposited in customs bonded warehouse

7 years ago

Payment of IGST on supply of warehoused goods while deposited in a customs bonded warehouse for the period July, 2017…