Income Tax

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Section 115JB would be inapplicable to an electricity generation company, prior to its amendment by virtue of Finance Act, 2012. ... Read more..

Where assessee inadvertently could not file Form 3CEB but the same was already compiled by it as per the procedure of the Act and the IT rules, the penalty levied under section 271BA would not survive ... Read more..

Section 115JB would be inapplicable to an electricity generation company, prior to its amendment by virtue of Finance Act, 2012. ... Read more..

Goods and Services Tax

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Section 75(4) of the CGST Act mandates the granting of an opportunity of hearing where an adverse decision is contemplated against a person. ... Read more..

Where normal remedy for an aggrieved person against an order passed under section 74 of the Act is to prefer an appeal under section 107 of the Act and not to take recourse to the extraordinary remedy ... Read more..

Where rate of GST was enhanced from 12% to 18% with effect from 1-1-2022 on renovation/construction work being carried on by assessee, however, the government entities continue to pay running bills at ... Read more..

Company and Corporate Laws

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Complainant filed complaint against Infertility Care Hospital that it was spreading misinformation about cost of infertility treatments, but such allegation did not fall within ambit of Competition Ac ... Read more..

Merely recovery of transfer forms from office of defaulting member did not confer any ownership right on such defaulting members, NSE had not shown any document, which would indicate that shares were ... Read more..

Stamp Authority directed petitioner to deposit stamp duty on the merger order, but the petitioner and ACIPL were wholly owned subsidiaries of a common parent company, therefore, scheme of amalgamation ... Read more..


Capital Gains

Transfer of agricultural land on which no agricultural activities carried out--Exemption whether available

Charitable Trust

Registration under section 12AB or Approval under section 10(23C)(vi)--Gross Receipts likely to exceed Rs. 5 Crore limit

Capital Gains

Taxability of Transferable Development Rights (TDR)

Charitable Trust

Exemption under section 12AB vis-a-vis under section 10(23C)(iiiad)--Gross Receipts Reduced from 5 Crore limit

Tax collected at source under section 206C(1H) but no Tax deducted under section 194Q

Whether interest under section 201(1)/201(1A) or Penalty under section 271H can be levied

Applicability of limit

Clarification regarding applicability of limit of 25 lakh as prescribed in Circular No. 24/2019, dtd. 9-9-2019


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Articles & Queries

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Statutes

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Bare Acts