• Income Tax

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

8 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

8 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

8 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 

8 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

8 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

8 years ago

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

  • GST

Specifying place of supply and name of State in the tax invoice mandatory

8 years ago

Specifying place of supply and name of State in the tax invoice mandatory for All registered persons in the course…

  • GST

Non reporting inter-State supplies to unregistered persons in GSTR-3B / 1 to attract penalty

8 years ago

Non reporting details of inter-State supplies to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM…

  • Income Tax

No penalty u/s 271A due to Bonafide belief that assessee was covered u/s 44AF – ITAT

8 years ago

No penalty u/s 271A when assessee was under Bonafide belief that being covered under section 44AF he was not required…

  • Income Tax

Rectification order u/s 154 revising NP rate was beyond the scope of rectification

8 years ago

Rectification order u/s 154 revising NP rate on the basis of previous year’s chart was beyond the scope of rectification…