Interest Exp disallowed if Sales to sister concern and amount not realized : HC However, in the instant case, the Assessing Authority, by an order dated 31-3-2000 has held that the assessee mainly supplies its finished products to its sister concern namely M/s. Canara Wood and Plywood Pvt. Ltd. Mangalore, which is engaged in the… Read More »
No Dis allowance u/s 40(a) of Surcharge on sales tax and turnover tax as it is not a ‘fee or charge’ : HC HIGH COURT OF KERALA Kerala State Beverages (Manufacturing and Marketing) Corporation Ltd. v. Assistant Commissioner of Income Tax C. K. ABDUL REHIM AND T.V. ANILKUMAR, JJ. IT APPEAL NOS. 135, 146 & 313 OF… Read More »
SLP dismissed due to Low Tax Effect : SC SUPREME COURT OF INDIA Principal Commissioner of Income-tax – 1 v. Amantha Healthcare Ltd. ROHINTON FALI NARIMAN AND S. RAVINDRA BHAT, JJ. SPECIAL LEAVE PETITION (CIVIL) DIARY NO. 37344/2019 NOVEMBER 22, 2019 Ms. Anita Sahni, Zoheb Hossain, Ms. Vishakha Advs. and Mrs. Anil Katiyar, AOR for the Petitioner. ORDER 1. Delay condoned. 2. The special… Read More »
Fresh Reassessment notice issued after removing technical defects is valid : HC The respondents are not precluded from invoking section 148 of the Income-tax Act, 1961 for the 2nd time as the issue as to whether income had escaped assessment or not was decided by the Commissioner of Income-tax (Appeals) on merits. It was pointed… Read More »
No reassessment if amount assessed in Block assessment u/s 158BC and regular Assessment u/s 143 : HC In the present case, the assessing officer in the course of regular assessment had in fact asked for information in relation to this very amount of Rs. 10.33 Crores. This information was duly furnished by the petitioners. Only… Read More »
Ministry of Finance Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Posted On: 17 MAY 2020 1:30PM by PIB Delhi Please click here for PPT
Big Changes in GST from 18.05.2020 I New GST Notification I GST में बड़ा बदलाव ! CA Satbir Singh
This Court directed that the vehicle as well as the goods be released, upon payment of the tax, in terms of the impugned notice. HIGH COURT OF GUJARAT Hanuman Trading Co. v. State of Gujarat J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/SPECIAL CIVIL APPLICATION NO. 6129 OF 2019 FEBRUARY 19, 2020 ORDER J.B. Pardiwala, J. Rule,… Read More »
File Application for GST TRAN-1 committed errors with Nodal Officer : HC HIGH COURT OF MADRAS Beauty Wares v. Assistant Commissioner of CT&CE, Coimbatore C. SARAVANAN, J. WRIT PETITION NO. 186 OF 2020 JANUARY 7, 2020 Jaikumar for the Petitioner. K.S. Ramasamy, CGSC for the Respondent. Prayer: Writ petition is filed under article 226 of the Constitution of… Read More »
Kerala Tax on Paper Lotteries Act, 2005 is unconstitutional & invalid: HC HIGH COURT OF KERALA State of Sikkim v. State of Kerala C.K. ABDUL REHIM AND T.V. ANILKUMAR, JJ. WA.NO. 648(E) OF 2008 APRIL 30, 2020 S.K. Bagaria, Sr. Adv., A. Kumar and Smt. G. Mini, Advs. for the Petitioner. C.E. Unnikrishnan and Pallav Shishodia, Sr. Advs. for the Respondent. JUDGMENT Abdul Rehim,… Read More »