Judgement

The Tribunal agreed with the contentions of the assessee, noting that once the Section 115BAB option is exercised, it stays effective for future years.

Once Section 115BAB is Opted, it Cannot be Withdrawn in Subsequent Years: ITAT

The authority clarified that the GST is applicable only on the amount received from the employees for the canteen service.

No GST on Canteen Services if Amount Not Recovered from Employees: AAR

Section 80GGA deduction denied after trustee admits cash return of cheque donations with 3% commission

ITAT Upholds Disallowance Of Donations That Were Part Of Cash-return Accommodation

Articles

Planning for life insurance alongside a home loan is not about expecting the worst. It is about being responsible.

Why a Home Loan Without Life Insurance Can Put Families at Financial Risk?

Approval by PCIT instead of PCCIT after three-year period held fatal to jurisdiction; assessment annulled

ITAT Quashes Reopening of Assessment Due to Invalid Sanction Under Section 151

News

CCI imposes Rs. 27.38 crore penalty on Intel for violating Section 4 through a discriminatory India-specific warranty policy.

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Once Section 115BAB is Opted, it Cannot be Withdrawn in Subsequent Years: ITAT

No GST on Canteen Services if Amount Not Recovered from Employees: AAR

ITAT Upholds Disallowance Of Donations That Were Part Of Cash-return Accommodation

Why a Home Loan Without Life Insurance Can Put Families at Financial Risk?

ITAT Quashes Reopening of Assessment Due to Invalid Sanction Under Section 151

CCI Orders Intel to Pay Rs 27.38 Crore for Violating Competition Act