GST
Cabinet Approves Blanket Ban on Online Money Games
In a landmark move, the Union Cabinet has approved legislation imposing a blanket ban on online money games. This decision has sent shockwaves across...
Income Tax
Prem Prakash Gupta v. ITO – ITAT Jaipur Ruling on Turnover Definition for Stamp Vendors
Introduction
The concept of turnover under the Income-tax Act often appears straightforward, until it is applied to agency-based businesses. For licensed stamp vendors, where sales...
Latest Articles
Company Law and IBC
Is Stock Broking Company is a Financial Service Provider Under IBC? | NCLAT to Examine
The National Company Appellate Tribunal (NCLAT), New Delhi has recently agreed to examine a serious question of law i.e. whether a stock broking company...
General
Draft Model Tenancy Act – 2020: A major step to streamline the property renting process in India.
After releasing the draft in 2019, the Union Cabinet on 2nd June 2021 approved the Model Tenancy Act (MTA) to streamline the process of...
Income Tax
Guidelines for compulsory selection of IT Returns for complete scrutiny during the FY 2021-22
The Central Board of Direct Taxes (CBDT) on Thursday issued the Guidelines for compulsory selection of returns for Complete scrutiny during the Financial Year...
Case Laws
Where department has accepted repayment of loan in subsequent year, no addition can be made in current year on account of cash credit.
The ACIT Vs. Smt. Anuradha Anilkumar Agarwal
Facts of the case
Pertaining to Ground 1:The assessee has shown total purchases of Rs.8,27,50,188/- in respect...
Top News
Is RBI’s latest circular on Crypto currencies a green signal for Legalization/Regularization of crypto currency trading in India?
Legalization/ Regularization of crypto currency trading in India?
Income Tax
A time barred order u/s 263 is bad in law.
Begani Dyeing Mills Pvt.Ltd., Surat v. The Pr.CIT., Surat
Facts of the caseThe case of the assessee was selected for scrutiny through CASS and...
Case Laws
When Assessing Officer admitted the genuineness of transaction in his Remand report, addition cannot be confirmed by CIT(A)
Sh. Mukesh Nanubhai Desai vs ACIT
Facts of the case
Assessee has earned exempt income of Rs. 8,67,79,658/- on account of Long term capital gain on...
Case Laws
Revision u/s 263 cannot be made on a issue which was never a part of the assessment order to be revised.
Nilkanth Developers vs PCIT - 3
Facts of the case
Assessment order u/s. 143(3) was passed
26.03.2013 for A.Y.2010-11 disallowing
deduction claimed u/s. 80IB(10) of Rs.1,25,78,872/-. The...
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