Government exempts the services provided by a business facilitator or a business correspondent to a banking company with respect to Basic Savings Bank Deposit Accounts covered by Pradhan Mantri Jan Dhan Yojana (PMJDY) from Service Tax. In order to promote financial inclusion, the Government has exempted services provided by a business facilitator or a business… Read More »
Punjab & Haryana High Court Principal CIT vs. M/s Mobisoft Tele Solutions Pvt. Ltd. Income tax (Appeal) no. 193, 194 & 197 of 2015, 07/08/2015 Summary of Case :- Punjab & Haryana High Court held In the case of Principal CIT vs. M/s Mobisoft Tele Solutions Pvt. Ltd. that Tarun Mohan had obtained the copyright… Read More »
A manufacturer of tractor cannot be considered as comparable with manufacturer of harvester combine, simply because both machines fall in overall category of ‘Agricultural equipments’ IN THE ITAT DELHI BENCH ‘I’ Deputy Commissioner of Income-tax, Circle- 3 (1), New Delhi v. Claas India (P.) Ltd. R.S. SYAL, ACCOUNTANT MEMBER AND A.T. VARKEY, JUDICIAL MEMBER IT… Read More »