Partners remuneration as allowable u/s 40(b)(v) in profit-sharing ratio. ITAT upheld the remuneration clause in the partnership deed ABCAUS Case Law Citation: ABCAUS 2790 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties Sood Brij & Associate Vs. CIT (2010)15 taxmnn.com 76 (Delhi) CIT vs. Vaish …

Clandestine removal of goods without payment of excise duty can not be alleged on the basis of bilties/GRs recovered from transporters without conducting any investigation. – HC ABCAUS Case Law Citation: ABCAUS 2789 (2019) (02) HC The respondent-assessee was a company registered under the Indian Companies Act and was …

200 % Custom Duty imposed on All goods originating in or imported from Pakistan after Pulwama terror attack. MINISTRY OF FINANCE(Department of Revenue) Notification No. 05/2019-Customs New Delhi, the 16th February, 2019 G.S.R. 124(E).—WHEREAS, the Central Government is satisfied that the import duty leviable on all goods originating in …

Question of ITC in Building Construction Material such as Angle, Cement, H.R. Sheets, Channel, Cylinder etc. under UPVAT – High Court admits Petition  ABCAUS Case Law Citation:ABCAUS 2788 (2019) (02) HC The respondent company had claimed Input Tax Credit (I.T.C.) in regard to the Building Construction Material such …

Payment of IGST on supply of warehoused goods while deposited in a customs bonded warehouse for the period July, 2017 to March, 2018 – Clarification Circular No. 91/10/2019-GST F. No. CBEC-20/16/04/2018 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and …

Specifying place of supply and name of State in the tax invoice mandatory for All registered persons in the course of inter-State trade or commerce Circular No. 90/09/2019-GST F. No. CBEC-20/16/04/2018 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and …