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[Opinion] Pre-Budget 2024-25 | Wishlist of 15 Critical Grey Areas in Direct Tax Domain
Mayank Mohanka – [2024] 158 taxmann.com 563 (Article) Friends, as the final countdown to the Interim Union Budget 2024-25 begins, so does the customary ritual of penning down pre-budget wish lists. But for me, this writing exercise is not merely a customary ritual but instead an opportunity to highlight some critical and relevant grey areas […]
CBDT Releases Explanatory Notes Pertaining to Provisions of the Finance Act, 2023
CIRCULAR NO. 1/2024, dated 24-01-2024 The Central Board of Direct Taxes (CBDT) has released the explanatory notes to the provisions of the Finance Act, 2023. These explanatory notes describe the substance of the provisions/amendments made by the Finance Act, 2023 relating to Income-tax. The Finance Act, 2023, as passed by the Parliament, received the assent […]
Guide to e-Governance and e-Filing – Advantages | MCA-21 Program | Practical Tools
Table of Contents What is e-Governance Filing of applications, documents, inspection etc. in electronic form Advantages of e-Filing MCA-21 Programme MCA-21 Version 3 Five Step e-Filing Process Check out Taxmann's Company Law which authored by Dr. G.K. Kapoor and Dr. Sanjay Dhamija, is a comprehensive resource blending the Companies Act provisions, judicial decisions, and SEBI […]
Operational Creditor’s CIRP Petition Was to Be Rejected Due to Non-Compliance With Demand Notice Rules | NCLT
Case Details: Tata International Ltd. v. Trident Sugars Ltd. - [2024] 158 taxmann.com 287 (NCLT - Hyd.)[31-08-2023] Judiciary and Counsel Details Dr. Venkata Ramakrishna Badarinath Nandula, Judicial Member & Charan Singh, Technical Member Y. Suryanarayana Ld. Counsel & Mrs Mano Ranjani, Adv. for the Petitioner. Sri. P. Sri Raghuram, Ld. Sr. Counsel & P. Sastry, Adv. for the Respondent. Facts […]
HC Set Aside Order as Reply to SCN Wasn’t Considered by AO Before Passing Demand Order
Case Details: MakeMyTrip (India) (P.) Ltd. v. State Tax Officer - [2024] 158 taxmann.com 492 (Madras) Judiciary and Counsel Details Senthilkumar Ramamoorthy, J. Harish Bindumadhavan for the Petitioner. V. Prashanth Kiran for the Respondent. Facts of the Case The petitioner (MakeMyTrip) was an intermediary providing services in relation to hotel accommodation. The department issued show cause notice […]
[Analysis] Section 80G Deductions for Donations to Shri Ram Mandir – Eligibility | Limits | Compliance
Table of Contents Who is eligible to claim a deduction for the amounts donated to the Shri Ram Trust? How much deduction can be claimed for the amount donated to the Shri Ram Trust? Is there a deadline for donating to the Shri Ram Trust and claiming a deduction? How will I obtain the donation […]
Presentation of CSR Expenditure By a Corporation Should Not Be Through P&L Appropriation A/c
A corporation satisfies the criteria of eligibility for Corporate Social Responsibility and Sustainability Development expenditure (CSR expenditure) given in the Department of Public Enterprises (DPE) Guidelines The management of the corporation has appropriated CSR expenditure out of profits through the Profit and Loss Appropriation Account. The contention of management for appropriating CSR expenditure from the […]
No GST Exemption on Services Provided in Relation to Grant or Renewal of Affiliation of Colleges By University | HC
Case Details: Sree Ramu College of Arts and Science v. Authority for Clarification and Advance Ruling - [2024] 158 taxmann.com 417 (Madras) Judiciary and Counsel Details C. Saravanan, J. N. Prasad for the Petitioner. Haja Nazirudeen, M. Venkateswaran, P. Haribabu, V. Sundareswaran & K. Shakespeare for the Respondent. Facts of the Case The assessee was an educational institution affiliated to Bharathiar […]
HC Directs AO to Recall Order Blocking ITC as Supplier’s Change of Address Was Approved By GSTN
Case Details: Amarnath Trading Co. v. State of U.P. - [2024] 158 taxmann.com 383 (Allahabad) Judiciary and Counsel Details Saumitra Dayal Singh & Manjive Shukla, JJ Praveen Kumar for the Petitioner. C.S.C. for the Respondent. Facts of the Case The petitioner was a registered dealer and the department blocked ITC of petitioner on ground that ITC was […]
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