Loan by a Private Limited Company to its Director or Guarantee by

Loan by a Private Limited Company to its Director or Guarantee by Private Limited Company for the loan taken by its directors or other company The issue is dealt with by section...

Financial Crunch is no reason of Non-Remittance of TDS amount to Govt -Karnataka HC

Financial Crunch is no reason of Non-Remittance of TDS amount to Govt -Karnataka HC IN THE HIGH COURT OF KARNATAKA AT BENGALURU Relevant extract of Judgement is as follows : 12. Pursuant to said...

In the absence of any transfer order no other AO than the one who...

In the absence of any transfer order no other AO than the one who initiated the proceedings shall have jurisdiction to continue with proceedings IN THE INCOME TAX APPELLATE TRIBUNALDELHI BENCH :...

Landmark Judgment : Non-service of section 148 Notice within stipulated

Landmark Judgment : Non-service of section 148 Notice within stipulated period will result in invalid assessment Short Overview : Though AO had issued notice under section 148 on 26-3-2014, i.e., within period of...

NCCD education cess and secondary & higher education cess to be leviable even if...

NCCD education cess and secondary & higher education cess to be leviable even if the Central Excise duty or Customs duty was exempted SUPREME COURT OF INDIACIVIL APPELLATE JURISDICTION The Relevant Text of...

Analysis: Rejection of books of accounts in the Income Tax Act – 1961

Analysis: Rejection of books of accounts in the Income Tax Act – 1961 Rejecting books of accounts & analysis of Provision in the Income Tax Act – 1961 The A.O may proceed under...

No Penalty should be levied due to clerical error committed by a CA while...

No Penalty should be levied due to clerical error committed by a CA while filing ITR IN THE INCOME TAX APPELATE TRIBUNAL DELHI BENCH “C”: NEW DELHI ORDER The Relevant extract of the Order as...

Assumption of jurisdiction u/s 147 cannot be sustained

IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”B” JAIPUR BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM December 23, 2019 (Date of pronouncement) “In the facts and circumstances of the...

CBIC Circular clarifying Levy and Collection of Social Welfare cess in cash issued

CBIC Circular clarifying Levy and Collection of Social Welfare cess in cash issued Circular No. 02/2020-Customs F.No.605/06/2019 -DBK Government of India Ministry of Finance, Department of Revenue Central Board of Indirect Taxes and Customs (Drawback Division) **** 4th Floor,...

Whether the Appellate Tribunal has rightly allowed the respondent’s appeal

Whether the Appellate Tribunal has rightly allowed the respondent’s appeal to grant registration under Section 12A of the Income Tax Act, 1961  Commissioner Of Income Tax vs Rishabh Foundation Trust 44                                     1                                                                ...