Transfer of jurisdiction u/s 127 upheld as partnership firm was required to disclose residence of its partners ABCAUS Case Law CitationABCAUS 3459 (2021) (02) HC Important case law relied referred:Kishore Samrite Vs. State of U.P.  (2013) 2 SCC 398Pannalal Binjraj vs. Union of India (1957) 31 ITR 565 …

GSTN Advisory on GST Reconciliation Statement GSTR-9C – Tax rate wise declaration  By GST Reconciliation process,  through taxpayer discovers any discrepancy between his books of accounts and GST Returns and correct mismatches. However, the requirement of GST audit/reconciliation statement  has been abolished in the Budget 2021-22 and as per …

Court of Session designated as Special Court under PMLA 2002 – Amendment to area specified for trial of offence punishable u/s 4 in Bengaluru MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 22nd February, 2021 S.O. 794(E).—In exercise of the powers conferred by sub-section (1) of section …

Income of Haryana State Pollution Control Board (PAN AAAJH0446F) exempted u/s 10(46) of Income Tax Act 1961    MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)   NOTIFICATION   New Delhi, the 22nd February, 2021   S.O. 813(E).—In exercise of the powers conferred by clause (46) of …

Companies not to be considered as listed companies MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 19th February, 2021 G.S.R. 123(E).—In exercise of the powers conferred by the proviso to clause (52) of section 2 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of …

Partners salary revised just before end of financial year allowed being in accordance with terms of deed and law ABCAUS Case Law CitationABCAUS 3458 (2021) (02) ITAT In the instant case, the appellant assessee had challenged the order passed by the CIT(A) in confirming addition made by the …