Corporate and Professional Updates 5th April 2018 Direct Tax: SC dismisses Revenue’s SLP against Delhi HC judgement allowing Sec. 80HHE deduction to New Delhi Television Ltd. ('NDTV', assessee) for AY… Read More
Direct Tax: ITAT, allows assessee’s miscellaneous petition for AY 2010-11, deletes direction given to TPO to bring in more comparables functionally similar to the assessee after applying 25% RPT filter… Read More
Direct Tax: Allahabad High Court held that Goods can not be seized for mere transport after one week from Invoice Date. {Maa Vindhyavasini Tobacco (P.) Ltd. Vs. State of U.P.… Read More
E-WAY BILL E Way Bill is an electronic way bill for movement of goods which can be generated other eWay Bill Portal. Transport of goods of more than Rs. 50,000 (Single… Read More
Direct Tax: CBDT extends timeline for linking PAN with Aadhaar till June 30th. Bangalore ITAT holds that income of AOP cannot be taxed in the hands of the assessee(one of… Read More
Direct Tax: Chandigarh ITAT allows Sec. 80IC deduction to assessee-company (running a hotel in Himachal Pradesh under the Eco-tourism project) for AY 2007-08 on account of ‘substantial expansion’ in building,… Read More
Direct Tax: Mumbai ITAT rules that non-compete fees paid by SOTC Travel Services Pvt Ltd. (assessee) during AY 2002-03 to Director/employee of another travel company for not doing similar business… Read More
OVERVIEW DISQUALIFICATION & REMOVAL OF DIRECTOR A director is a person who leads to a certain area of the company, program, or project companies. the director usually reports directly to… Read More
Corporate and professional updates 28th march 2018 Direct Tax: Kerala HC reverses ITAT order, upholds re-assessment initiated (beyond 4 years) for AY 1994-95 on Tata Ceramics Ltd. (‘assessee’, which did not… Read More
corporate and professional updates 26th march 2018 Direct tax ITAT holds that assessee (a builder and developer) can claim deduction u/s 80-IB(10) for the first time in return filed u/s… Read More