Foreign exchange forward contract incidental to export business to cover up losses due to foreign exchange rate variation not speculative…
Cheque not filled though signed by drawer no defence in trial of offence u/s 138 of NI Act. Accused must…
Opening GST Portal to allow filing/Revision of TRAN-1. Supreme Court dismisses SLP of the Government against order of Punjab &…
Denial of Registration 12AA for not spending income by trust. CIT to consider issue u/s 12AA(3) if the facts justify…
Registration u/s 12AA can not be denied for non-commencement of activities. Registration can be applied for by a new trust.…
Non striking of applicable limb of penalty u/s 271(1)(c) in notice. ITAT permits restoration of appeal if issue is decided…
Godown used for storage of explosives qualifies for exemption u/s 54G being a place used for purpose of business of…
No penal action on filing of belated GSTR-9/GSTR-9C returns-SC declines to interfere Rajasthan High Court Judgment In a recent judgment,…
Unutilised MODVAT credit of Excise Duty not allowable u/s 43B. Paying cost of raw materials does not mean that assessee is liable to pay Excise Duty on…
No bar in law for a person dealing in land to also have investment in land. Assessee can hold same…