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Tax Guru6m
Registration under KVAT required for education trust managed college supplying food via canteen
Kerala High Court held that college, managed by an education trust, engaged in supplying food to students through canteen is required to obtain registration under Kerala Value Added Tax Act, 2003 ...
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How Does Your CIBIL Score Affect Your Education Loan Eligibility
Your CIBIL score for an education loan influences whether your loan gets approved. Lenders primarily check your credit ...
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Section 138 of NI Act doesn’t require complainant to prove his financial capacity
Supreme Court held that in the case under Section 138 of the Negotiable Instruments Act, 1881 [NI Act], complainant is not required to show evidence that he had the financial capacity. Accordingly, ...
Tax Guru50m
Analysis on Takeover of Proprietorship firm by Private Limited Company
Summary: The conversion or takeover of a proprietorship firm by a private limited company involves compliance with multiple legal frameworks, including the Companies Act, Income Tax Act, and GST law.
Tax Guru1h
Bombay HC Grants Interim Relief on GST Applicability to Land Development Rights Agreement
Bombay High Court, in the case of Nirmal Lifestyle Developers Pvt. Ltd. vs. Union of India & Others, granted interim relief ...
Tax Guru1h
No GST on Transfer of Development Rights or FSI Service: Bombay HC
The Bombay High Court, in the case of Shrinivasa Realcon Private Ltd. vs. Deputy Commissioner Anti-Evasion Branch, addressed ...
Tax Guru1h
Advisory on Misuse of ‘CS’ Prefix by ICSI Students
It has been noticed that some of the students of the Institute are prefixing ‘CS’ before their name in violation of Section ...
Tax Guru1h
10 Questions to Ask While Reading a GST Order (Like an Advocate)
A practical checklist to spot appeal-worthy issues in minutes. 1. Was the Show Cause Notice (SCN) properly served and ...
Tax Guru1h
E-Assessment Scheme: Uploading DRP Directive Marks Start of Assessment Limitation Period
Subsequently, a draft assessment order was issued, against which Louis Dreyfus filed objections with the DRP. The DRP issued its directions on June 20, 2022, which were uploaded onto the Income Tax ...
Tax Guru1h
Estimation-based additions not justify Section 271(1)(c) Penalty: ITAT Rajkot
2. The issue regarding levy of penalty under section 271 (1) (c) of the Act is the addition of Rs. 5,15,899/- as made by the Ld. AO in the assessment order on assumption basis. Hence, the case of the ...
Tax Guru2h
Chhattisgarh HC Quashes Pension Recovery Order Passed Against Public Servant
At the very outset, this brief, brilliant, bold and balanced judgment authored by the Single Judge Bench comprising of Hon’ble Shri Justice Bibhu Datta Guru of the Chhattisgarh High Court at Bilaspur ...
Tax Guru2h
Failure to Mention Specific Clause in Section 270A Notice Renders Penalty Invalid
“1. The learned CIT is not justified in raising penal-ty u/s 270A of Rs.78,892/- on the ground that the assesses has furnish inaccurate par-ticulars of Income without appreciating that the said levy ...