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Charity Org. misrepresented Good Shepherd School Students as Victims for Foreign Donations: ED Attaches ₹3.58 Cr Properties u/ PMLA [Read Order]

The Hyderabad Zonal Office of the Enforcement Directorate (ED) has provisionally attached ₹3.58 crore worth of immovable properties, in a money...

GSTN Issues Additional FAQs for GSTR-9 and GSTR-9C Compliance

Telecom Towers and Shelters Qualify as Capital Goods, Vodafone Idea Entitled to CENVAT Credit:...

Methods - Computation - Arms -Length -Price - Income- Tax- Act -TAXSCAN

Methods for Computation of Arm's Length Price under Income Tax Act 1961

GST- Incentivisation- Scheme- Complete -Process - Winning-TAXSCAN

GST Incentivisation Scheme: Know Complete Process of Winning Prize of 1 crore

Service Tax Leviable on Real Estate Agent for Purchase and Sale of Immovable Property under ‘Real Estate Agent Service: CESTAT [Read Order]

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that service tax is leviable on the real estate agent for purchase and sale of immovable property under...

ITAT deletes Additions made u/s 69A Income Tax Act towards Purchase of Windmill Based on Dumb Unsigned Documents [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the addition made under section 69A of Income Tax Act 1961 towards the purchase of windmills based on dump unsigned...

ITAT upholds Addition made on 5% Estimate basis on Bogus Purchase [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the addition made by Commissioner of Income Tax (Appeals)[CIT(A)] on a 5% estimated basis on bogus purchase. The assessee...

GST ITC applicable on Purchase of Vehicles to Modify for Purpose of Ambulance services and supply: AAR

The Telangana Authority for Advance Ruling (AAR) has held that the Input Tax Credit (ITC) is applicable on purchase of vehicles to modify for the purpose of ambulance services and supply. The...

Direct Expense Incurred for Purchase of Construction Material shall not be Disallowed u/s 40A(3)of Income Tax Act: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that direct expenses incurred for the purchase of construction material should not be disallowed under Section 40A(3) of...

No GST on Margin Difference of Second-Hand Gold Jewellery Purchase-Sale: AAR [Read Order]

The Karnataka Bench of the Authority for Advance Rulings (AAR) has recently ruled that, no Goods and Services Tax is payable on the price difference of purchase and selling of second-hand gold...

Purchase made out of Advance of Agricultural Property Sale Deductible u/s 54B: ITAT [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that purchase made out of advance made out of sale of agricultural property would be deductible under Section 54B of the Income...