No VAT/Sales Tax on hiring of Vehicles or Cranes when Control remains with Contractor: Supreme Court clarifies it as ‘Service’ not ‘Sales of Goods’ [Read Judgment]

Top Stories No VAT/Sales Tax on hiring of Vehicles or Cranes when Control remains with Contractor: Supreme Court clarifies it as ‘Service’ not ‘Sales of Goods’ [Read Judgment] The Supreme…

Continue ReadingNo VAT/Sales Tax on hiring of Vehicles or Cranes when Control remains with Contractor: Supreme Court clarifies it as ‘Service’ not ‘Sales of Goods’ [Read Judgment]

Activity of Loading and Unloading Cements does not fall under ‘Clearing and Forwarding Agent’ Services: CESTAT [Read Order]

Top Stories Activity of Loading and Unloading Cements does not fall under ‘Clearing and Forwarding Agent’ Services: CESTAT [Read Order] The bench set aside the impugned order and allowed the…

Continue ReadingActivity of Loading and Unloading Cements does not fall under ‘Clearing and Forwarding Agent’ Services: CESTAT [Read Order]

Income Tax Reassessment Notice issued against Dead Person is Invalid: Kerala HC [Read Order]

Top Stories Income Tax Reassessment Notice issued against Dead Person is Invalid: Kerala HC [Read Order] The bench believed that the assessing authority could not have jurisdiction over the initiation…

Continue ReadingIncome Tax Reassessment Notice issued against Dead Person is Invalid: Kerala HC [Read Order]

Cash Deposits from Business Income during Demonetization cannot be treated as Unexplained Entirely: ITAT upholds 20% of Additions due to Unknown Source

The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) held that the cash deposits made during demonetization out of business income cannot be treated as unexplained cash deposits…

Continue ReadingCash Deposits from Business Income during Demonetization cannot be treated as Unexplained Entirely: ITAT upholds 20% of Additions due to Unknown Source