Prohibition of Benami Property Transaction Act

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Vivad se Vishwas Scheme: No Additional 10% Amount If Payment made by June 30, says FM

March 24, 2020

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GST: Gujarat High Court issues notices to Govt over constitutional validity of the proviso to Section 50 of CGST Act, 2017 [Read Order]

January 26, 2021

The Gujarat High Court issued the notice to Government over constitutional validity of the proviso to Section 50 of CGST Act, 2017. The petitioner, Flair WRiting Industries Limited, has challenged the constitutional validity of the proviso to Section 50 of the Central Goods and Services Tax Act, 2017 with regard to the interest on delayed […]

Relief to RayBan: ITAT deletes adjustments made by TPO on account of ALP of AMP expenses [Read Order]

January 26, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi Bench in relief to Ray-Ban deleted the adjustments made by the Transfer Pricing Officer (TPO) on account of Arm’s Length Price (ALP) of Advertisement, Marketing, and Promotion Expenses (AMP) expenses. The appellant, M/s. RayBan Sun Optics India Ltd. is engaged in manufacturing and distribution of Ray-Ban brand sunglasses […]

Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]

January 26, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to Hindustan Coca Cola deleted the additions of Rs. 20.89 Lakhs on account of passing of the expiry date of the product. The assessee, Hindustan Coca Cola is a company engaged in the business of trading of non-alcoholic beverages. It filed its return of […]

MCA notifies Procedure for Disposal of Application for Conversion of Public Company into Private in case of Objection [Read Notification]

January 26, 2021

The Ministry of Corporate Affairs (MCA) notified the procedure for Disposal of application for conversion of a public company into private in case of objection by RD. The MCA notified the Companies (Incorporation)Amendment Rules, 2021 which sought to amend in the Companies (Incorporation) Rules, 2014. The Government notified that where an objection has been received […]

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GST: Gujarat High Court issues notices to Govt over constitutional validity of the proviso to Section 50 of CGST Act, 2017 [Read Order]

January 26, 2021

Relief to RayBan: ITAT deletes adjustments made by TPO on account of ALP of AMP expenses [Read Order]

January 26, 2021

Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]

January 26, 2021

MCA notifies Procedure for Disposal of Application for Conversion of Public Company into Private in case of Objection [Read Notification]

January 26, 2021

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