CORPORATE AND PROFESSIONAL UPDATE
CORPORATE AND PROFESSIONAL UPDATE Direct Tax: ITAT Jaipur held that deduction u/s. 54 can be claimed for house purchase in wife’s name. Shri Radhey Shyam Arora …
Category: Income Tax
NEWS SNIPPETS – 11th Dec 2017
Economic Times- Business Standard Bankers stare at Rs 1 lakh crore bad loan bomb ready to explode in next 2 days Satyam case: SC dismisses ED plea against TechM Largest automated container terminal opens in China Insolvency: IBBI notifies rules for complaint handling India to seek solution to food stock issue at WTO Firms, lenders …
corporate and professional update september 23rd 2017
CORPORATE AND PROFESSIONAL UPDATE SEPTEMBER 23rd 2017 DIRECT TAX Delhi ITAT allows deduction u/s 10B to assessee [(operating an Export Oriented Unit (EOU)] for AY 2010-11 and AY 2011-12 in respect of duty drawback receipts forming part of EOU’s profits, ITAT holds that manner of computing profits u/s 10B(4) does not require direct nexus with business …
corporate and professional update september 22nd 2017
CORPORATE AND PROFESSIONAL UPDATE SEPTEMBER 22nd 2017 DIRECT TAX UPDATES: ITAT Kolkata held that without rejecting the books of account, the ad hoc disallowance made is not sustainable in the eyes of law especially when Assessee has maintained books of account with supporting. Pioneer Himudyog P. Ltd. Vs Assistant Commissioner of Income-tax (ITAT Kolkata) ITAT Bangalore …
CORPORATE AND PROFESSIONAL UPDATE SEPTEMBER 22nd 2017
CORPORATE AND PROFESSIONAL UPDATE SEPTEMBER 22nd 2017 DIRECT TAX UPDATES: ITAT Kolkata held that without rejecting the books of account, the ad hoc disallowance made is not sustainable in the eyes of law especially when Assessee has maintained books of account with supporting. Pioneer Himudyog P. Ltd. Vs Assistant Commissioner of Income-tax (ITAT Kolkata) ITAT Bangalore …
corporate and professional update 19 sep 2017
CORPORATE AND PROFESSIONAL UPDATE 19 SEP 2017 Direct tax Madras HC confirms ITAT order, holds that commission paid by assessee-individual (engaged in garments exports) to an Indian agent on behalf of the foreign entity is taxable in India, confirms Sec. 40(a)(i) disallowance for AY 2002-03. [TS-390-HC-2017(MAD)] ITAT Bangalore held that TDS not deductible on loss on …
CORPORATE AND PROFESSIONAL UPDATE
CORPORATE AND PROFESSIONAL UPDATE 11 Sep 2017 Direct Tax: SC sets-aside HC order, holds HC was not justified in allowing the appeals filed by Revenue u/s. 27A of the Wealth tax Act without formulating ‘substantial questions of law. [TS-375-SC-2017] Punjab and Haryana high court held that if assessee has not filed income tax returns in …
CORPORATE AND PROFESSIONAL UPDATE August, 28 2017
CORPORATE AND PROFESSIONAL UPDATE August, 28 2017 Direct Tax: CESTAT held that data retrieved from CAs cannot be used as incriminating material against assessee. Shri. Mahalaxmi Distilleries Vs CCE (CESTAT Chandigarh) Indirect Tax: Allahabad high court held that GST return and deposit of tax thereon provided the returns and the tax is deposited within two weeks of …
corporate and professional update july 27, 2017
corporate and professional update july 27, 2017 Direct Tax: S. 69A: NDTV indulged in a clear cut case of “abuse of organization form/ legal form and without reasonable business purpose” and therefore, no fault can be found with the order of the AO in charging to tax Rs. 642 crores by re-characterizing the conditions according …
SAC CODES FOR LEGAL AND ACCOUNTING SERVICES
SAC CODES FOR GST Heading no. 9982 Legal and accounting services Group 99821 Legal services 998212 Legal advisory and representation services concerning other fields of law. 998213 Legal documentation and certification services concerning patents, copyrights and other intellectual property rights. 998214 Legal documentation and certification services concerning …