Classical Case of Futile Vivad
Tax litigations are not uncommon even though amendments are effected from year after year to simplify the Income tax Act provisions in the past. In certain unusual instances the tax…
Tax litigations are not uncommon even though amendments are effected from year after year to simplify the Income tax Act provisions in the past. In certain unusual instances the tax…
India is an agricultural country. Agriculture and its allied activities act as main source of livelihood for more than 80% population of rural India. According to a survey report it provides employment to…
COMPANY LAW/ARBITRATION ACT : Where plea of appellant about non-existence of arbitration clause in agreement between parties, had not been accepted by Court in application under section 11(6), impugned arbitral…
INCOME TAX : SLP granted against High Court ruling that benefit of exclusion from purview of section 194A is restricted only to those individuals and Hindu Undivided families whose total…
There is no provision in the Income Tax Act 1961, which prohibits the appellant from raising an additional ground of appeal before CIT (A) or the Tribunal.There is no provision…
INCOME TAX : A medallion is also classifiable as a pendant; therefore, assessee could not be denied exemption under section 10AA on ground that it had violated approval granted by…
INTERNATIONAL TAXATION : Where non-resident agents had rendered their services outside India and all agents had overseas offices and they were not having any permanent establishment in India, commission paid…
INCOME TAX : SLP granted against High Court ruling that benefit of exclusion from purview of section 194A is restricted only to those individuals and Hindu Undivided families whose total…
INCOME TAX : Income brought to tax under section 41(1) by reversal of entry with regard to stock option scheme given to employees was also in nature of 'export income'…
GST/EXCISE/ST/VAT : Section 386(2) of Gujarat Provincial Municipal Corporation Act,1949 provides for levy of license fees for license to place advertising hoardings in private properties and sanction of Corporation is…