• Income Tax

Revised computation of deduction u/s 10A of Income Tax Act allowable-HC

7 years ago

Revised computation of deduction u/s 10A of the Income Tax Act, 1961 permissible having regard to Section 10A (5) and…

  • ICAI

ICAI Guidance Note Bank Branch Audit 2019 Edition- Part C

7 years ago

ICAI Guidance Note 2019 Edition Section C - Bank Branch Audit other than Foreign Exchange Transactions AASB has issued the third…

  • Income Tax

Acceptance of loans by journal entries not violates section 269SS – SLP dismissed

7 years ago

Acceptance of loans by passing journal entries in books of accounts not in violation of section 269SS hence no penalty u/s 271D imposable – SC dismisses…

  • Income Tax

News of mass prosecution notices for TDS default are misleading – CBDT

7 years ago

News of en masse prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies-…

  • GST

TCS on motor vehicle not part of value of goods and services – HC admits Petition

7 years ago

TCS on motor vehicle u/s 206C(1F) of the Income Tax Act not integral part of the value of the goods…

  • GST

HC strucks down GST Circular proposing tax on DISCOM on bundled services

7 years ago

High Court struck down GST Circular proposing levy of GST on DISCOM for various other bundled services connected with the…

  • Income Tax

Penalty u/s 271(1)(c) imposed by CIT without recording satisfaction in order u/s 263 invalid

7 years ago

No Penalty u/s 271(1)(c) can be imposed by CIT without recording satisfaction in revision order 263.  Provision of Section 271(1B)…

  • Income Tax

Penalty SCN not striking off relevant limb upheld when later notices not challenged

7 years ago

Validity of Penalty notice non striking off relevant limb u/s 271(1)(c) upheld when subsequent opportunity notices sent by AO were…

  • Companies Act

National Company Law Tribunal (Amendment) Rules 2019

7 years ago

Application for obtaining approval of the NCLT for consolidation and division of share capital - Notice to be served to…

  • GST

Service Tax Audit prima facie permissible post GST regime-Calcutta HC

7 years ago

Service Tax Audit prima facie permissible post GST regime - Calcutta High Court. Authorities entitled to audit for the period…