Clipped from: https://taxguru.in/income-tax/addition-based-mere-statement-without-independent-finding-unsustainable-law.html Ganesh Ginning Factory Vs ACIT (ITAT Ahmedabad) ITAT Ahmedabad held that addition on the basis of statement of director without independent finding given
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
👍👍👍Reopening of assessment on the basis of change of opinion is untenable
Clipped from: https://taxguru.in/income-tax/reopening-assessment-basis-change-opinion-untenable.html Bharat Amratlal Shah Vs ITO (Bombay High Court) Bombay High Court held that reopening of assessment on the basis of change of opinion
👍👍👍Exemption u/s 54F available towards purchase of residential property one year before the sale of capital asset
Clipped from: https://taxguru.in/income-tax/exemption-u-s-54f-available-towards-purchase-residential-property-one-year-before-sale-capital-asset.html Akshay Janak Shah Vs CIT (ITAT Mumbai) ITAT Mumbai held that purchase of residential property within specified period of one year before the
👍👍👍Tax Liability of a Non Resident Indian (NRI)
Clipped from: https://taxguru.in/income-tax/tax-liability-resident-indian-nri.html In India, the tax liability of any individual is based on his residential status. There are three types of residential status under Income
RCM One Case Study- Is There Any Solution
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-case-study-solution.html X & Company during the Financial Year has following sales amount for his mining business :- Table-1 TURNOVER SGST @5% CGST@5% 1,00,00,000.00 2,50,000.00
Reopening of assessment unsustainable in absence of any failure on part of assessee
lipped from: https://taxguru.in/income-tax/reopening-assessment-unsustainable-absence-failure-part-assessee.html Mumbai Postal Employees Co-operative Credit Society Ltd Vs ITO (Bombay High Court) Bombay High Court held that failure on the part of assessee
Not intentional or mala fide delay in filing of an appeal is condonable
Clipped from: https://taxguru.in/income-tax/intentional-mala-fide-delay-filing-appeal-condonable.html Punjab State Warehousing Vs ITO (ITAT Amritsar) ITAT Amritsar held that appellant being a government undertaking is required to take necessary permission for
Requirement of e-way bill cannot be escaped by undervaluing goods
Clipped from: https://taxguru.in/goods-and-service-tax/requirement-e-way-bill-escaped-undervaluing-goods.html Radha Fragrance Vs Union Of India (Allahabad High Court) The Hon’ble Allahabad High Court in M/s. Radha Fragnance v. Union of India and Others
Place of Supply Provisions under GST
Clipped from: https://taxguru.in/goods-and-service-tax/place-supply-provisions-gst.html In GST, the concept of a place of supply has been made relevant not only for the supply of services but also for
Major amendments in Budget 2023 relating to Capital Gains
Clipped from: https://taxguru.in/finance/major-amendments-budget-2023-relating-capital-gains.html From a tax perspective there are 3 major amendments in Capital Gains in this budget 2023 w.r.t. followings: ♦️ Residential House Property (RHP) ♦️ Gold
All about the composition Scheme of GST for Small taxpayers
Clipped from: https://taxguru.in/income-tax/composition-scheme-gst-small-taxpayers.html Introduction The GST Composition Scheme was created to make GST payment easy for MSME businesses and simplify GST return filing. Small taxpayers can
TDS on Immovable Property
Clipped from: https://taxguru.in/income-tax/tds-immovable-property.html TDS on Immovable Property – Sec 194IA Conditions: Note :- For the purpose of TDS calculation, Consideration paid for acquisition of immovable property
Granting of personal hearing before submission of reply is against principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/granting-personal-hearing-before-submission-reply-is-against-principles-natural-justice.html Shree Shyam Granites and Marbles Vs Assistant Commissioner (ST) (FAC) ( Madras High Court) Madras High Court held that granting of personal hearing
👍👍👍👍👍Delayed payments, lack of formal financing in MSMEs affect job creation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/delayed-payments-lack-of-formal-financing-in-msmes-affect-job-creation/article66576684.ece Issue can only be tackled over time by maintaining constant pressure, says Chief Economic Advisor to Govt The impact of delayed payments and
👍Hospitality sector’s average occupancy seen crossing 70 per cent in 2024 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/hospitality-sectors-average-occupancy-seen-crossing-70-per-cent-in-2024/article66577185.ece Currently, the occupancy rate stands at 66 per cent on an industry level, and there has been an increase in the average room
👍👍👍👍👍👍👍What does the new law on surrogacy say? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/explainer-what-does-the-new-law-on-surrogacy-say/article66570771.ece The court intervention, experts say, may put an end to the profiteering and racketeering rampant in surrogacy Surrogacy is considered altruistic when the
👍Exemplary penalties are called for in the Axis case – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/exemplary-penalties-are-called-for-in-the-axis-case/article66577104.ece In seeking to bar Viresh Joshi and co from the markets and impound their ill-gotten gains, SEBI appears to be letting off the
👍👍👍👍👍Be mindful of ‘consequences’ of regulatory actions: CEA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/be-mindful-of-consequences-of-regulatory-actions-cea-tells-cci-regulators/article66576628.ece Chief Economic Advisor V Anantha Nageswaran asks regulators to remove/lower entry barriers in industry Chief Economic Advisor V Anantha Nageswaran addressing the 8th
aniltikotekar4sme.com 