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Secured Creditor will have precedence over Govt. Tax dues

CA Bimal Jain September 10 2021 @ 4:19 PM

Secured Creditor will have precedence over Govt. Tax dues In Superintendent Central Excise & Customs v. M/S Kotak Mahindra Bank Ltd. and...

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Gujarat HC: In absence of agency element provisions contained in Sec 194H cannot be invoked

Team Studycafe September 10 2021 @ 1:25 PM

Gujarat HC: In absence of agency element provisions contained in Sec 194H cannot be invoked Gujarat HC: In absence of the existence of the e...

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Bombay HC: No TDS deductible by Builder on Refundable Amount paid to Home Buyers

CA Bimal Jain September 7 2021 @ 8:28 PM

Bombay HC: No TDS deductible by Builder on Refundable Amount paid to Home Buyers In Sainath Rajkumar Sarode and Ors. v. State of Maharashtra...

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Point of clash between Prevention of Corruption Act and Income Tax Act

Team Studycafe September 7 2021 @ 8:21 PM

Point of clash between Prevention of Corruption Act and Income Tax Act Delhi HC : Amount lying in an account attached under criminal proceed...

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Advertisement charges paid to non-resident company cannot be considered as royalty

CA Bimal Jain September 7 2021 @ 7:42 PM

Advertisement charges paid to non-resident company cannot be considered as royalty In M/s. Myntra Designs Pvt. Ltd. v. Deputy Commissioner o...

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Income Tax Refund: Power to withhold in certain cases

Sonali Maity September 6 2021 @ 7:15 PM

Refund – Power to withhold in certain cases-Rectification application-Respondents were to be directed to dispose of petitioner’s rec...

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Genuinity of Transaction is to be proved by Assessee as Statutory Approvals doesn’t sanctify Transaction

CA Bimal Jain September 4 2021 @ 10:25 PM

Genuinity of Transaction is to be proved by Assessee as Statutory Approvals doesn’t sanctify Transaction In M/S. Vishwatej Developers Priv...

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Excess of income over expenditure is not a reason to conclude that assessee is not engaged in charitable activities

Adv Devyani Bhatt September 4 2021 @ 3:35 PM

Excess of income over expenditure is not a reason to conclude that assessee is not engaged in charitable activities Madras High Court: Exces...

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Madras High Court sets aside order questioning effectiveness of E-Proceeding facility

CA Bimal Jain September 3 2021 @ 6:55 PM

Madras High Court sets aside order questioning effectiveness of E-Proceeding facility In The Deputy Commissioner of Income Tax v. Salem Sree...

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An entity having charitable character which is not established for benefit of a particular community is entitled to Sec 80G(5)(ii) benefit: Amritsar ITAT

Team Studycafe September 2 2021 @ 7:16 PM

An entity having charitable character which is not established for benefit of a particular community is entitled to Sec 80G(5)(ii) benefit: ...

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