No Reassessment if Assessee did not receive Loan but its sister concern received loan Thus, it is evident that in the facts of the said case: (i) the petitioner company had obtained a loan from a company in which it had shareholding not less than 10 per cent of the voting power. While the loan… Read More »
Advance Ruling declared as Void as Assessee hided that proceeding pending before Directorate General of GST Intelligence : AAAR APPELLATE AUTHORITY FOR ADVANCE RULING, MAHARASHTRA Assistant Commissioner of SGST v. Arihant Enterprises SMT. SUNGITA SHARMA AND RAJIV JALOTA, MEMBER ORDER NO. MAH/AAAR/SS-RJ/05/2019-20 SEPTEMBER 9, 2019 (Under Section 101 of the Central Goods and Services Tax Act, 2017… Read More »
New TDS and TCS Rates from 14.05.2020 for FY 2020-21 In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25%… Read More »