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No penalty u/s 276B can be levied once TDS stands deposited along with interest much before sanction for criminal prosecution
CSR expenditure by loss-making company for commercial expediency is allowable u/s 37(1)
Account payee check will not make any bogus transaction, genuine
Huge transactions in bank statements of investors is no basis to treat those transactions as bogus u/s 68
Interest paid on borrowings are allowable against FD income only if reasonable nexus exists between them
No service tax payable on penal interest & cheque bouncing charges
Research services provided on year-to-year basis without transferring technical skill, will not make receipts from same as FIS
Employees visit for stewardship activity not core business, does not amount to ‘fixed place PE’ and hence not chargeable in India
Taxing same amount under Black Money Act which was already disclosed in I-T return and taxes stood paid, amounts to double taxation
Power u/s 83 is limited to attaching bank accounts & assets of taxable persons and persons specified u/s 122(1A) CGST Act