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An association collecting annual contributions from its members ensuring maintenance and upkeep of residential complex, in name of corpus funds for future contingencies is liable to pay CGST and SGST as their activities amount to taxable supply of service

M/S. VAISHNAVI SPLENDOUR HOMEOWNERS WELFARE ASSOCIATION APPELLATE AUTHORITY FOR ADVANCE RULING D.P. NAGENDRA KUMAR, MEMBER , M.S. SRIKAR, MEMBER Order No. KAR/AAAR-10/2019-20 Jan 21, 2020 2(17), 2(31), 2(84), 2(102), 7, 8, 9, 17(2), 98, 100 & 101 of Central Goods…
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7, Central Goods & Service Tax Act 2017, GST, Principal of mutuality

February 26, 2020

Formalities to be completed for 80G approval

Process of Obtaining 80G Registration Registration under this section will be processed by the Commissioner of Income Tax after receiving an application from the applicant in Form 10G. The application should be accompanied by the following documents: Form 10G Original…
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Articles, formalities to be completed, HOW TO, Income Tax-How to, Office system, Papers required for filing

February 7, 2020

जिस का टर्नओवर 50 करोड़ से ज्यादा है उन्हें डिजिटल पेमेंट सिस्टम इंस्टॉल करना पड़ेगा तथा वह सिस्टम चालू हो जाए इसकी व्यवस्था करनी पड़ेगी अगर 31 जनवरी 2020 तक यह व्यवस्था नहीं होती है तो धारा 271DB प्रोविजन के आधार पर ₹5000 रोज की पेनल्टी लगाई जा सकती है

जिस का टर्नओवर 50 करोड़ से ज्यादा है उन्हें डिजिटल पेमेंट सिस्टम इंस्टॉल करना पड़ेगा तथा वह सिस्टम चालू हो जाए इसकी व्यवस्था करनी पड़ेगी अगर 31 जनवरी 2020 तक यह व्यवस्था नहीं होती है तो धारा 271DB प्रोविजन के…
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January 29, 2020

दो या दो से ज्यादा रजिस्ट्री से मकान के लिए खरीदे गए दो बंगलों पर धारा 54f में छूट मिल जाएगी अगर दोनों पास पास है कारण कि बंगले different graphical area में नहीं है। हैदराबाद ट्रिब्यूनल ने 6Jan, 2020 को फैसला देते हुए कहा कि मकान बनाने के लिए जरूरी नहीं की एक ही रजिस्ट्री से खरीदा जाए।

दो या दो से ज्यादा रजिस्ट्री से मकान के लिए खरीदे गए दो बंगलों पर धारा 54f में छूट मिल जाएगी अगर दोनों पास पास है कारण कि बंगले different graphical area में नहीं है। हैदराबाद ट्रिब्यूनल ने 6Jan, 2020…
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54, 54F, Hyderabad ITAT

January 10, 2020

The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment.

The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment. Further Issues of bogus share capital and share premium requires to be disposed in the…
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46A Rule, 68, bogus, bogus share capital, Bogus share premium, Delhi Tribunal, share premium

December 4, 2019

As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a).

As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a). IN THE…
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11(1)(a), 11(2), Delhi High Court

December 4, 2019

Eligible credit को मात्र इस आधार पर दिए जाने से मना नहीं किया जा सकता कि निर्धारिती ने TRAN-1 form सही नहीं भरा। सरकार या तो ऑनलाइन TRAN-1 सही करने का ऑप्शन दें या मैनुअली भरे हुए को सही मानकर क्लेम स्वीकार करें

Eligible credit को मात्र इस आधार पर दिए जाने से मना नहीं किया जा सकता कि निर्धारिती ने TRAN-1 form सही नहीं भरा। सरकार या तो ऑनलाइन TRAN-1 सही करने का ऑप्शन दें या मैनुअली भरे हुए को सही मानकर…
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117(1), 120A, 140(1), 140(2), 140(5), 164, 226, Central Excise Act 1944, Central Goods & Service Tax Act 2017, Central Goods Service Tax Rules 2017, Cenvat Credit Rules, Constitution of India, GST, Gujrat High Court

November 29, 2019

No addition as undisclosed income can be made on the basis of documents which are dumb and incapable of any interpretation in proceedings u/s 132, 158BC read with Section 158BD.-IT-CASES-204-2020

No addition as undisclosed income can be made on the basis of documents which are dumb and incapable of any interpretation in proceedings u/s 132, 158BC read with Section 158BD PRINCIPAL COMMISSIONER OF INCOME TAX vs. VIRENDER KUMAR BHATIA…
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132, 158BC, 158BD, High Court, incriminating material

November 19, 2019

Assessment framed in the name of non-existing entity/ died person is null and voidab initio ITAT BOMBAY on Nov 6, 2019

Assessment framed in the name of non-existing entity/ died person is null and voidab initio ITAT BOMBAY on Nov 6, 2019 M/S. CHURU TRADING CO. PRIVATE LIMITED (Now Mergced with Spirit Textiles Pvt. Ltd.) AND ANR. vs. ASSISTANT COMMISSIONER…
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143(3), 144C, 153, 153(1), 153(3), 170, ITAT Mumbai

November 17, 2019

It is well settled that in case the books of accounts are rejected the income of the business in which the Assessee was engaged can be determined by estimating the profit rate considering past history.

INCOME TAX OFFICER vs. ASHOK KUMAR PROP. M/S CHHABRA TIMBER STORE IN THE ITAT CHANDIGARH BENCH ‘A’ N.K. SAINI, VP & RAJPAL YADAV, JM. ITA No. 12/Chd/2019 8 Nov, 2019 Section 36(1)(iii), 44AB, 133A, 143(1), 143(3), 144, 145(3 Asst. Year…
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133A, 143(1), 143(3), 144, 145(3), 36(1)(iii), 44AB, Chandigarh ITAT

November 16, 2019