Baisakhi Ganguly

Entries in loose sheets are inadmissible as evidence under section 34 of the Evidence Act 6 min read

• Income Tax

Entries in loose sheets are inadmissible as evidence under section 34 of the Evidence Act

Baisakhi Ganguly 8 years ago

The Hon’ble Apex Court in the case of Common Cause vs. Union of India, Interlocutory Application Nos. 3 and 4 of 2017 in Writ Petition... Read More

The deduction of the profits of a business should be made independently in respect of each business 4 min read

• Income Tax

The deduction of the profits of a business should be made independently in respect of each business

Baisakhi Ganguly 8 years ago

The Hon’ble apex Court in the case of CIT vs. Yokogawa India Limited, Civil Appeal No. 8498 of 2013,  8497of 2013 and others has held... Read More

The Hon’ble Apex Court sets four Principles relating to levy of penalty under section 271(1) (c) 3 min read

• Income Tax

The Hon’ble Apex Court sets four Principles relating to levy of penalty under section 271(1) (c)

Baisakhi Ganguly 8 years ago

The Hon’ble Apex Court sets four Principles relating to levy of penalty under section 271(1) (c) of the Income Tax Act, 1961.   Principles relating... Read More

Amitabh Bachchan Case- Commissioner should not go beyond the issues of the show cause notice 5 min read

• Income Tax

Amitabh Bachchan Case- Commissioner should not go beyond the issues of the show cause notice

Baisakhi Ganguly 8 years ago

The Hon’ble Apex Court in Commissioner of Income Tax, Mumbai vs. Amitabh Bachchan being Civil Appeal No.5009 of 2016 which arose out of S.L.P. (C)... Read More

Income Tax: Reopening of assessments based on mere doubts cannot be entertained in law 5 min read

• Income Tax

Income Tax: Reopening of assessments based on mere doubts cannot be entertained in law

Baisakhi Ganguly 8 years ago

The Income Tax Tribunal at Mumbai on the case of Torm Shipping India Pvt. Ltd. (earlier called Orinoco Marine Consultancy India Pvt. Ltd.), Second Floor,... Read More

Reopening of assessment invalid if done without application of mind 5 min read

• Income Tax

Reopening of assessment invalid if done without application of mind

Baisakhi Ganguly 8 years ago

The Hon’ble High Court of Gujarat at Ahmadabad in the case of Elecon Engineering Company Ltd. (Petitioner) vs. Assistant Commissioner of Income Tax (Respondent), being... Read More

Clarifications issued in connection with the Income Declaration Scheme, 2016 5 min read

• Income Tax

Clarifications issued in connection with the Income Declaration Scheme, 2016

Baisakhi Ganguly 8 years ago

The Central Board of Direct Taxes (CBDT), Ministry of Finance, Department of Revenue, Government of India on 18th August, 2016 issues Clarifications relating to the... Read More

Application for compounding valid even if the assessee has been convicted of an offense 5 min read

• Income Tax

Application for compounding valid even if the assessee has been convicted of an offense

Baisakhi Ganguly 8 years ago

The Hon’ble High Court at Madras in the case of M/s. V.A.Haseeb and Co. (Firm) represented by one of its Partner, Shri. Mohammed Anwarullah (Petitioner)... Read More

All about Prosecution of offenses under GST 4 min read

• GST

All about Prosecution of offenses under GST

Baisakhi Ganguly 8 years ago

The  draft model of GST prescribes the offenses and penalties in Chapter XVI which deals with 21 offenses in section 66 along with the penalty... Read More

The ITAT at Pune explains the law on whether late fee for filing of TDS returns can be levied before 01.06.2015 4 min read

• Income Tax

The ITAT at Pune explains the law on whether late fee for filing of TDS returns can be levied before 01.06.2015

Baisakhi Ganguly 8 years ago

The Income Tax Appellate Tribunal at Pune in the case of Gajanan Constructions, 6, Shivaji Road, Damodhar Chambers, Nashik – 4212 001, having PAN: AGGPK7326M... Read More