INCOME TAX : Where income/surplus arising from sale of shares (forming part of a lot purchased by assessee) had undisputedly been subjected to tax as STCG, then, by way of…
EXCISE/ST/VAT : Amount retained on forfeiture of earnest money deposit and compensation for non-delivery of goods are not liable to service tax under the declared service of agreeing to the…
INCOME TAX : Where Commissioner invoked revision jurisdiction and set aside order of Assessing Officer with directions to frame a fresh assessment order on ground that Assessing Officer failed to…
EXCISE/ST/VAT : Demand of service tax is not sustainable merely because re-seller of broadcasting rights is in India when such telecast right was obtained for broadcasting cricket matches held in…
With a view to provide investors an idea about the various activities in the Debt market issues, the SEBI has prepared an Investor Charter in consultation with Merchant Bankers (MB).…
INCOME TAX : Where Assessing Officer estimated income of assessee at rate of 12.5 per cent on contractual receipts and upon making such estimation, allowed depreciation under section 32 but…
On 21-10-2021, the United States AND Austria, France, Italy, Spain, and the United Kingdom reached an agreement on a transitional approach to existing Unilateral Measures while implementing Pillar 1. India…
The Income Tax Department has carried out search and seizure operations on certain Indian companies and their associate concerns, controlled by a neighbouring country. A large number of incriminating evidence…
INCOME TAX : Where order was passed under section 245 for adjustment of refund in excess of 20 per cent of disputed outstanding demand but it did not give any…
COMPETITION LAW : Where OP supplied Digital Cinema Equipment (DCE) on lease to cinema theatre owners and had disabled DCE from accepting or playing any cinematograph film which had not…