Professional Update for the day: Direct Tax: Uncertainty to the applicability of Section [271(1)(c) of the Act or section 271AAA] is a reflection of non application of mind by the… Read More
Professional Update for the day: Direct Tax: ITAT Hyderabad has held that Mobilisation/ trade advance has been wrongly treated as trade receivable. It is not to be subjected to TP.… Read More
Professional Update for the day: Direct Tax: CBDT issued a press release dated 5th May, 2017 requesting the stakeholder’s to comment on draft rules relating to valuation of unquoted equity… Read More
Professional Update for the day: Direct Tax: Allahabad High Court held that contention of the learned counsel for the petitioner is that the petitioner be allowed to appear before the… Read More
Professional Update for the day: Direct Tax: CBDT issued notification regarding issue of Income tax (9th Amendment) Rules, 2017. These are the amendments in Income tax Rules, 1962 – prescribing… Read More
Professional Update for the day: Direct Tax: SC reverses Gujarat HC judgment ruling in favour of Revenue for AY 1994-95, approves AO’s 'prima facie adjustment' u/s 143(1)(a) with respect… Read More
Professional Update for the day: Direct Tax: Supreme Court of India held that insertion of Section 35FF makes the provision of Section 35F more balanced because the amount so… Read More
Professional Update for the day: Direct Tax: ITAT Mumbai held that the activities of Banquet Hall Hiring, Hospitality (Restaurants) and Permit Room (Bar) are prima facie in the nature of… Read More
Professional Update for the day: Direct Tax: ITAT Delhi has held that right to receive a property is a valuable and a transferable right and falls within the ambit… Read More
Professional Update For the Day: Direct Tax: IT:Registration u/s 12AA - proof of charitable activities - treatment as registered trust - receipt of land as Donation - the objects… Read More