The AO accepted this rationale, concluding that the interest expense was a business expenditure under Section 36 (1) (iii) ...

The company and its directors, Chandra Devi Biyala, Anil Kumar Bagri, and Jay Prakash Mukhiya, are required to pay the ...

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS, OFFICE OF REGISTRAR OF COMPANIES, NCT OF DELHI & HARYANA 4TH FLOOR, IFCI ...

The Income Tax Appellate Tribunal (ITAT), Kolkata, has set aside a penalty of ₹1 crore imposed on Tarai Transport Corporation ...

The Central Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, allowed the appeal filed by Northern Coalfields ...

At the very outset, this brief, brilliant, bold and balanced judgment authored by the Single Judge Bench comprising of Hon’ble Shri Justice Bibhu Datta Guru of the Chhattisgarh High Court at Bilaspur ...

It is settled law that notice issued u/s. 148 of IT Act by the Assessing Officer, having no jurisdiction, the assessment order and consequent pro-ceedings are invalid. Reliance is placed on following ...

ITAT Chennai held that since income of the assessee is assessed by applying flat gross profit rate of 2% hence provisions of section 40A (3) cannot be invoked. Accordingly, disallowance u/s. 40A (3) ...

“An Indian Company engaged in sector/activity prohibited for FDI is permitted to issue bonus shares to its pre-existing non-resident shareholders, provided that the shareholding pattern of the ...

(b) Trusteeship Services may also be provided to various schemes, including retail schemes launched by the Fund Management Entities (FMEs) registered under the IFSCA (Fund Management) Regulations, ...

The Delhi High Court addressed a petition by Shalender Kumar challenging orders by the Commissioner, Delhi West CGST Commissionerate, that withheld his GST refund. The petitioner had initially faced ...

2. Implications under Section 271DA: As per the law, receiving cash payments above ₹2,00,000 attracts a penalty equal to the amount received. Though the penalty is on the recipient, the Court ...