Cash Credit Bank Account in GST CAN NOT BE ATTACHED I CA Satbir singh Downlad Click here Cash Credit Bank account Can not attached in GST Facts of the case Provisional attachment of the cash credit account has been passed in the Form GST DRC-22 Taxpayer filed writ Petition Decision of High Court The cash… Read More »
No Sec 68 Addition of Partners Capital Contribution in Partnership Firm : HC In the case at hand, the partners have shown the agricultural income in their personal returns of the past years which had been accepted by the department as such. The partners are all identifiable and separately assessed to tax. The source of… Read More »
Held Bank accounts were in the nature of either the cash credit account or term loan account. In other words, the accounts were opened to enable the assessee to borrow the money from the bank for the purpose of its business. Any money, therefore, that the bank may make available to the assessee would necessarily… Read More »