-
Case Laws
Why Donation for Fight against Coronavirus to third party NGOs is not a good idea?
Earlier, the trusts were formed by affluent people of same community who infused corpus money out of their own savings and carried out charitable activities in the nature of relief for the poor, education...
Articles
Overview Video on “Vivad Se Vishwas” Scheme as announced in Budget 2020
The Direct Tax Vivad se Vishwas Bill, 2020 (the scheme), tabled in Parliament on February 5, 2020, proposes an amnesty scheme for litigation pending as on 31.01.2020, before any of the appellate forums. Under...
Articles
Can Taxpayer opt for Vivad se Vishwas Scheme in case an enhancement notice is issued by CIT(A)
According to the Finance Minister, at present there are as many as 4,83,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals), ITAT, High Court and Supreme Court and hence the Bill...
IncomeTax Submission
No Penalty u/s 271(1)(c) can be imposed on estimated additions
At times additions are made by Income Tax Department on estimated basis without having any clear evidence or iota of evidence on record to show that any particular entries in books of accounts were...
Income Tax
Submission in cases of Alleged Bogus Purchases
In many instances, there are allegations from Income Tax Department that the tax payer has made BOGUS PURCHASES in order to reduce the Income Tax Liability although the assessee has furnished the invoices which...
Articles
Full ITC cannot be availed when payment is netted off against receivables for the supplies made between Branch and HO
Authority for Advance Ruling (AAR Tamilnadu) pronounced in case of M/s. Sanghvi Movers Ltd. that full ITC cannot be availed by registered branch office for the services procured from HO where payments are netted off...
Articles
Is the present State of Economy manmade or Natural ?
If the whole world is looking upto India as their prospective market, then how can our Indian economy crash?Is the slow down of economy man-made or natural ?
During Demonetisation , I had tried to...
Articles
Taxability in case of Insurance Policies in the nature of Pension Fund
In FY 2018-19 and 2019-2020, many taxpayers have received notices from Income Tax Department proposing to tax the total surrender value received on account of Designated Unit linked insurance policies in the nature of...
Recent posts
Want to publish your own blogs?
Write an Article
+91 97234 00220
info@itatorders.in