Section 153A provides the procedure for completion of assessment in case of a person where a search is initiated under Section 132 or books of account or other documents or…
Limited liability partnerships which were brought under the Limited Liability Part ship Act 2008. The limited liability partnerships proved to be a boon as this structure of organization is a…
The Finance (No. 2) Act, 2009 had (w.e.f. 01.04.2010) inserted section 206AA to the Income-tax Act, 1961 (“the Act”) with a view to strengthen the PAN Mechanism and also to…
The Madras High Court in Raman Krishna Kumar v. Dy.CIT (2021) 131 taxmann.com 341 (Mad) has held that if the assessee after paying tax omits to file return of income,…
The digital economy has given rise to a number of new business models viz. e-commerce, app stores, onlineadvertising, cloud computing, high speed trading, etc. Many of the models have parallels…
EXCISE/ST/VAT : Where Road Transport Corporation entrusted their "parcel, luggage, newspaper, courier and allied services" to be carried on roofs of buses to successful bidder in tender, who in turn…
EXCISE/ST/VAT: Ocean freight was already included in value of inputs imported on CIF basis during period prior 30-6-2017; Customs duty and CVD having already been paid on such freight at…
INCOME TAX : Where nature and source of excess stock found during search was not specifically identifiable from profits which had accumulated from earlier years, AO was justified in holding…
INCOME TAX : Where an expenditure is incurred for doing business in a more convenient and profitable manner and has not resulted in bringing any new asset into existence, such…
INCOME TAX : Where nature and source of excess stock found during search was not specifically identifiable from profits which had accumulated from earlier years, AO was justified in holding…