No coercive action against taxpayer if writ filed challenging Black Money Act : HC In the income tax proceedings petitioners had not disclosed any black money or asset; rather have denied the same. In such circumstances and taking an overall view of the matter, we feel that while respondents may proceed pursuant to the impugned notices… Read More »
Penalty enviable for accepting Cash Deposit exceeding Rs 20000 : HC There is nothing to indicate that the assessee has got any registration as a banking company, as defined under the Banking Regulation Act or not even to the effect that the appellant is a ‘non-banking financing company’ having authorisation from the Reserve Bank of… Read More »
Bogus Donation made to claim deduction , matter rightly remanded back to Assessing Officer : HC Tribunal went further and based on sworn statement of founder director of M/s.Herbicure Healthcare Bio-herbal Research Foundation that the organization returned the donation to the assessee, thought it fit to remand the matter to ascertain the means of the… Read More »
State Urban Development Authority activities are Charitable activities , entitled for Exemption : HC Development Authority : Considering the fact that the assessee was a statutory body, an Authority constituted under the provisions of the Act, to carry out the object and purpose of Town Planning Act and collected regulatory fees for the object of… Read More »
No Attachment of Bank account to recover Interest without issuing Show Cause Notice : HC Bank Account No notice as contemplated under Section 73 of the GST Act was issued to the respondent- assessee before quantifying interest amount and attaching Bank account of the respondent-assessee. In paragraph 6, the learned Single Judge has held that… Read More »
No Anticipatory bail under GST if Taxpayer involved in economic fraud & running business from bogus address : HC I find that this is not to be a fit case in which indulgence of granting anticipatory bail should be exercised because it has come on record that the applicant’s firm was found indulging in running… Read More »
Commentary on Indian STAMP ACT with Central/State Acts & Rules (in 2 volumes) Hardcover – 1 January 2020 by Deepak Diwan & Kabir Diwan(Author),Kabir Diwan(Auth Buy Online Click here Publisher: bharat law house (2020) Language: English Volume 1 Division 1 Important Issues Chapter 1 Stamp Duty and Income Tax Implications on Business Reorganisation Chapter 2 Family Settlement — Stamp Duty Implications Division 2… Read More »