Category: Five Star
👍👍👍👍👍Non receipt of Notices: HC quashes Order of Maharashtra Sales Tax Tribunal
Clipped from: https://taxguru.in/goods-and-service-tax/non-receipt-notices-hc-quashes-order-maharashtra-sales-tax-tribunal.html Kirloskar Oil Engines Ltd. Vs State of Maharashtra and Ors. (Bombay High Court) Heard learned Counsel for the parties. 2. By this Petition,
🙏🙏🙏🙏🙏Reverse mortgage: A boon for the elderly – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reverse-mortgage-a-boon-for-the-elderly/article66827810.ece This instrument provides a valuable income stream for the retired, but more needs to be done to popularise it In India, older citizens
उद्योग-व्यवसायाचे उत्पन्न आणि प्राप्तिकर कायद्यातील तरतुदी | business income and provisions of income tax | Loksatta
Clipped from: https://www.loksatta.com/business/personal-finance/business-income-and-provisions-of-income-tax-print-eco-news-ssb-93-3640250/ ज्या करदात्यांच्या उत्पन्नात ‘उद्योग-व्यवसायाच्या उत्पन्ना’चा समावेश आहे अशांना प्राप्तिकर कायद्यानुसार काही अशा तरतुदींचे अनुपालन करावे लागते जे इतर उत्पन्नासाठी करावे लागत नाही. X
👍👍👍👍👍IBC: Section 9 petition cannot be dismissed merely because some invoices are time barred
Clipped from: https://taxguru.in/corporate-law/ibc-section-9-petition-dismissed-invoices-time-barred.html Next Education India Private Limited Vs K12 Techno Services Private Limited (Supreme Court of India) Feeling aggrieved and dissatisfied with the impugned judgment
👍👍👍👍👍Interest on deposits cannot be treated as business Income for Section 44AD
Clipped from: https://taxguru.in/income-tax/interest-deposits-treated-business-income-section-44ad.html Euro Homes Vs DCIT (ITAT Chennai) In so far as interest on deposits is concerned, the assessee has included interest received from deposits
👍👍👍👍👍Section 148 notice without Higher Authority Approval is invalid
Clipped from: https://taxguru.in/income-tax/section-148-notice-higher-authority-approval-invalid.html Smt. Rashmi Bansal Vs CIT (ITAT Delhi) In this case prior to issuance of notice under Section 148 of the Act, the Assessing
👍👍👍👍👍Tax on sale of property belonging to father is not leviable on son
Clipped from: https://taxguru.in/income-tax/tax-sale-property-belonging-father-leviable-son.html Gurbinder Singh Mahal Vs ITO (ITAT Amritsar) ITAT Amritsar held that the assessee is not liable for payment of tax related to sale
👍👍👍👍👍Gift of Immovable Property to Sister Not Taxable: ITAT
Clipped from: https://www.taxscan.in/gift-of-immovable-property-to-sister-not-taxable-itat/274028/ The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that a gift of immovable property to sister is neither taxable as capital gain or
👍👍👍👍👍CESTAT sets aside Revenue’s Demand for Extended Period in Absence of Malafide Act for Service Tax Evasion
Read More: https://www.taxscan.in/cestat-sets-aside-revenues-demand-for-extended-period-in-absence-of-malafide-act-for-service-tax-evasion/273686/ lipped from: https://www.taxscan.in/cestat-sets-aside-revenues-demand-for-extended-period-in-absence-of-malafide-act-for-service-tax-evasion/273686/ The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), sets aside the Revenue’s Demand for Extended Period in the absence of
👍👍👍👍👍Brought forward unabsorbed depreciation can be set-off against income from other sources allowed
Clipped from: https://taxguru.in/income-tax/claim-set-brought-forward-unabsorbed-depreciation-earlier-years-income-sources-allowed.html Petrofils Cooperative Ltd Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that the assessee is entitled to claim of unabsorbed brought-forward depreciation to be
👍👍👍👍👍Companies Act Section 140(5) not become nugatory on auditor resignation: SC
Clipped from: https://taxguru.in/company-law/companies-act-section-1405-nugatory-auditor-resignation-sc.html Union of India and Another Vs Deloitte Haskins and Sells LLP & Anr (Supreme Court of India); Criminal Appeal No. 2305-2307 of 2022;
🙏🙏🙏🙏🙏Cooperative Credit Society Eligible for Income Tax Exemption u/s 80(P)(2) of Income Tax Act: Supreme Court
Clipped from: https://www.taxscan.in/cooperative-credit-society-eligible-for-income-tax-exemption-u-s-80p2-of-income-tax-act-supreme-court/274337/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Cooperative%20Credit%20Society%20Eligible%20for%20Income%20Tax%20Exemption%20u/s%2080(P)(2)%20of%20Income%20Tax%20Act:%20Supreme%20Court In a major decision the Supreme Court of India ruled that the cooperative credit society is eligible for income tax exemption under Section
👍👍👍👍👍Microsoft launches dedicated website, helpline number for Indian SMBs to grow digitally; check details | The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-tech-microsoft-launches-dedicated-website-helpline-number-for-indian-smbs-to-grow-digitally-check-details/3071333/ Technology for MSMEs: The ‘digital transformation’ helpline number offers SMBs expert guidance and assistance in leveraging technology solutions, said Microsoft. X Technology for
👍👍👍👍👍Bogus Purchases Bills without actual delivery of goods: ITAT directs AO to charge 6.5% Gross Profit Rate
Read More: https://www.taxscan.in/bogus-purchases-bills-without-actual-delivery-of-goods-itat-directs-ao-to-charge-6-5-gross-profit-rate/273701/ Clipped from: https://www.taxscan.in/bogus-purchases-bills-without-actual-delivery-of-goods-itat-directs-ao-to-charge-6-5-gross-profit-rate/273701/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Bogus%20Purchases%20Bills%20without The Mumbai bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to charge 6.5% Gross Profit Rate on
👍👍👍👍👍The de-dollarisation debate
Clipped from: https://www.business-standard.com/opinion/columns/the-de-dollarisation-debate-123050101044_1.html There are reasons to be bearish on the greenback, but it is unlikely to lose the reserve currency status Of late, one of
👍👍👍👍👍Supreme Court rules it can directly grant divorce to couples under Article 142: How does the process work? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/explained-law/supreme-court-divorce-explained-ruling-8585167/ While the parties can approach the family courts for initiation of divorce proceedings, this process is often time-consuming and lengthy, owing to a
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