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Reopening under section 148 on basis of mechanical approval without applying the mind by PCIT not valid

By Taxwink Team | 27 Apr,2021

Reopening under section 148 on basis of mechanical approval without applying the mind by PCIT not valid &nb....

Statements recorded under section 132(4) of third party have evidentiary value only- Cannot justify additions in absence of corroborative material- Section 153A, 153C

By Taxwink Team | 26 Apr,2021

Statements recorded under section 132(4) of third party have evidentiary value only- Cannot justify additions....

Input Tax Credit on Demo Vehicles under GST

By Taxwink Team | 25 Apr,2021

Input Tax Credit on Demo Vehicles under GST Introduction Use of ‘Demo Vehicles’ is a very co....

ITC available on GST charged by the service provider on hiring of bus/ motor vehicle having seating capacity of more than 13 persons for transportation of employees

By Taxwink Team | 24 Apr,2021

ITC available on GST charged by the service provider on hiring of bus/ motor vehicle having seating capacity o....

Due date of payment under Vivad Se Vishwas Scheme extended to 30th June, 2021

By Taxwink Team | 24 Apr,2021

Due date for payment under Vivad Se Vishwas Scheme extended upto 30th June, 2021 In view of the severe Covi....

Delay in filing Form No. 10B condoned- Section 11 exemption cannot be denied

By Taxwink Team | 24 Apr,2021

Delay in filing Form No. 10B condoned- Section 11 exemption cannot be denied   Nam....

ITC available in electronic credit ledger accruing from inputs of bullion cannot be utilized towards payment of GST liability on supply of castor seed oil

By Taxwink Team | 22 Apr,2021

ITC available in electronic credit ledger accruing from inputs of bullion cannot be utilized towards payment o....

No TDS required to be deducted on sales commission paid to non-residents for services rendered outside India

By Taxwink Team | 22 Apr,2021

No TDS required to be deducted on sales commission paid to non-residents for services rendered outside India....

Benefit of 10% limit of difference in stamp duty valuation and actual sales consideration shall be retrospective

By Taxwink Team | 21 Apr,2021

Benefit of 10% limit of difference in stamp duty valuation and actual sales consideration shall be retrospecti....

Delay in filing appeal by 515 days condoned by Tribunal- Rakesh Garg Vs. ITO

By Taxwink Team | 21 Apr,2021

Delay in filing appeal by 515 days condoned by Tribunal- Rakesh Garg Vs. ITO   C....

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