Owner Of Capital Interest In Partnership Be Recognized As Partner Regardless Of Participation: US Tax Court
The United States Tax Court has held that the owner of a capital interest in a partnership be recognized as a partner...
Once Principal Grounds Of Reassessment Dropped, No Further Income Tax Additions Can Be Made: Delhi High Court
The Delhi High Court reiterated that once the principal grounds on which reassessment was proposed are dropped, no...
Delhi High Court Upholds ITAT’s Order Allowing Customs-Duty Adjustment On Import Of Watches
The Delhi High Court while dismissing the appeal of the income tax department upheld the order passed by the Income Tax...
Construction In Maldives For Maldives Govt. under MoU Between India And Maldives Doesn’t Falls Within GST Net: Telangana High Court
The Telangana High Court while setting aside the advance ruling of the Appellate Authority of Advance Ruling (AAR) has...
AO Can’t Interfere In The Method Selected For The Valuation Of Shares: Bangalore ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the AO cannot interfere in the method selected for...
Transfer Of Title Of Goods By Panasonic To Its Customers In DTA Is Not A Supply: Tamil Nadu AAR
Author: Khushi J Prajapati The Tamil Nadu Authority for Advance Ruling (AAR) ruled that the transfer of title of...
LIFE Trust Stopping Coal Based Indian Thermal Power Plants And Coal Mine Projects Causing Irreparable Loss To India: ITAT Refuses To Stay Section 12A Trust Registration Cancellation
Author: Khushi J Prajapati The ITAT has held the cancellation of the trust's registration under section 12A ruling...
ITAT Allows Loss On Account Of Error Trading Transaction To Morgan Stanley
In a major relief to Morgan Stanley India Company Ltd., the Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed...
Tax Paid To Supplier Not Remitted To State Exchequer, Purchaser Can't Be Punished: Gauhati High Court
The Gauhati High Court ruled that the tax paid to the supplier is not remitted to the state exchequer and the purchaser...
10 WAYS TO CLAIM REFUND AND CREDITS UNDER GST BY BUSINESSES
Author: Khushi J Prajapati Introduction Under the Goods and Services Tax (GST) system in India, businesses can...
Chaat, Lassi, Vada Pav From Separate Counter Categorized As ‘Restaurant Service’, 5% GST Applicable: Kerala AAR
Author: Khushi J Prajapati The Kerala Authority of Advance Ruling (AAR) has ruled that the sale of items like chaat,...
ACJM Erred in Interpreting SC’s Order Granting Interim Anticipatory Bail to Accused under PMLA and Income Tax Act: Supreme Court
The Supreme Court held the Investigation Officer and the ACJM for gross derision to the order passed by the Court...
