Ministry of Finance Government provides relief for third party Motor Insurance & Health policy holders in the light of COVID-19 lockdown Date for renewal of health, motor insurance policies extended to April 21 Posted On: 02 APR 2020 The Government has provided relief for third party Motor Insurance & Health policy holders in the light… Read More »
Share sold through Stock Exchange are not Sham Transactions The transactions were carried through Demat account and banking channel on which STT has been paid by assessee. The report of the SEBI was not adverse in nature against the assessee because name of the assessee did not appear therein for conducting dubious transaction. The report… Read More »
HIGH COURT OF GUJARAT Arun Munshaw HUF v. Income-tax Officer, Ward 7(1) J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/TAX APPEAL NO. 1091 OF 2008 JANUARY 13, 2020 Mrs. Swati Soparkar and B.S. Soparkar for the Appellant. Mrs. Mauna M Bhatt for the Respondent. JUDGMENT J.B. Pardiwala, J. – This Tax Appeal under Section 260A of the Income-tax Act, 1961 (for… Read More »
Deemed approval of Trust Registration The Tribunal held that once the limitation prescribed under section 12AA of the Act expired and the consequential default on the part of the CIT(E) in deciding the application would result deemed grant of registration is a settled proposition. Therefore, it has been held by the Tribunal that the judgment… Read More »
HIGH COURT OF GUJARAT JMK Solar Energies (P.) Ltd. v. State of Gujarat J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/SPECIAL CIVIL APPLICATION NO. 9769 OF 2019 FEBRUARY 5, 2020 Harsh K. Raval for the Petitioner. Soaham Joshi, AGP Government Pleader for the Respondent. ORDER J.B. Pardiwala, J. – By this writ-application under article 226 of the Constitution of India, the… Read More »
Additional evidence Before ITAT HIGH COURT OF BOMBAY Braganza Construction (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle-2(1), Panaji M.S. SONAK AND C.V. BHADANG, JJ. TAX APPEAL NO. 47 OF 2012 DECEMBER 6, 2019 S.R. Rivankar and Rama Rivankar, Advs. for the Appellant. Ms. Susan Linhares, Standing Counsel for the Respondent. JUDGMENT M.S. Sonak, J. – Heard Mr. Rivankar, the learned Counsel for… Read More »
Tracking GST Refund Application Status on the GST Portal and PFMS portal 28/03/2020 1. The functionality to track the status of refund application has been available on the GST portal. By utilising this functionality, the taxpayers can know the stage at which the refund application is pending with the tax-officer/ taxpayer. 2. A tax officer… Read More »
Govt. notifies interest rate for Small Savings Schemes on quarterly basis with the approval of Finance Minister. The rate of interest first quarter of Financial Year 2020-21 have been announced wherein Govt. has reduced interest rate on various small savings schemes. vide F.No 1/4/2019 NS Dated 31.03.2020