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Monthly Archive: February 2020

B.P.Mundra > 2020 > February

सुप्रीम कोर्ट ऑफ इंडिया ने धारा 12AA पर फैसला देते हुए कहा कि कमिश्नर या चीफ कमिश्नर धारा 12AA में रजिस्ट्रेशन करने का ट्रस्ट या इंस्टिट्यूशन को इस आधार पर मना नहीं कर सकते कि अभी कोई चैरिटेबल एक्टिविटीज नहीं हुई है क्योंकि यह धारा रजिस्ट्रेशन के समय यह देखने के लिए है कि उद्देश्य चैरिटेबल है या नहीं।

 10 total views

 10 total views सुप्रीम कोर्ट ऑफ इंडिया ने धारा 12AA पर फैसला देते हुए कहा कि कमिश्नर या चीफ कमिश्नर धारा 12AA में रजिस्ट्रेशन करने का ट्रस्ट या इंस्टिट्यूशन को इस आधार पर मना नहीं कर सकते कि अभी कोई चैरिटेबल…
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12AA, 12AA, Registration 12AA, Supreme Court

February 29, 2020

benefit of exemption under entry No 77 of Notification No 12/2017 CT(R) dated 28.06.2017 (as amended by Notification No 02/2018 dt 25.01.2018), was available to assessee only if maintenance charges (contributions) did not exceed Rs 7500 per month per member and in case charges exceed Rs 7500 per month per member, entire amount was Taxable

 14 total views

 14 total views M/S. VAISHNAVI SPLENDOUR HOMEOWNERS WELFARE ASSOCIATION APPELLATE AUTHORITY FOR ADVANCE RULING D.P. NAGENDRA KUMAR, MEMBER , M.S. SRIKAR, MEMBER Order No. KAR/AAAR-10/2019-20 Jan 21, 2020 2(17), 2(31), 2(84), 2(102), 7, 8, 9, 17(2), 98, 100 & 101 of…
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Uncategorized

February 26, 2020

An association collecting annual contributions from its members ensuring maintenance and upkeep of residential complex, in name of corpus funds for future contingencies is liable to pay CGST and SGST as their activities amount to taxable supply of service

 9 total views

 9 total views M/S. VAISHNAVI SPLENDOUR HOMEOWNERS WELFARE ASSOCIATION APPELLATE AUTHORITY FOR ADVANCE RULING D.P. NAGENDRA KUMAR, MEMBER , M.S. SRIKAR, MEMBER Order No. KAR/AAAR-10/2019-20 Jan 21, 2020 2(17), 2(31), 2(84), 2(102), 7, 8, 9, 17(2), 98, 100 & 101 of…
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7, Central Goods & Service Tax Act 2017, GST, Principal of mutuality

February 26, 2020

Formalities to be completed for 80G approval

 7 total views

 7 total views Process of Obtaining 80G Registration Registration under this section will be processed by the Commissioner of Income Tax after receiving an application from the applicant in Form 10G. The application should be accompanied by the following documents: Form…
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Articles, formalities to be completed, Office system, Papers required for filing

February 7, 2020

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    • Section 144 r.w. Section 145(3): ITAT JAIPUR on Jun 19, 2020 held that Even if the books f ‎accounts rejected by invoking provisions of Section 145(3) due doubt on genuineness of the ‎purchases, the A.O. is bound to frame the assessment on best assessment as per provisions of ‎Section 144 r.w. Section 145(3). Therefore, after rejection of books of account, the A.O. is ‎required to estimate the income of the assessee on some reasonable and proper basis. Once the ‎past year results have attained finality and not in dispute, the same can form the basis for ‎estimating the GP rate for the current year. KEDIA EXPORTS PVT. LTD. & ANR. vs. ‎ACIT. AY 2009-10, 2012-13, 2013-14 & 2014-15 Decision in favour of Assessee
    • Section 127, 132(4) HIGH COURT OF BOMBAY on Jul 15, 2019 held that when the ‎assessment of an Assessee is being transferred from one Commissionerate to another, the ‎requirement of hearing and following the principle of natural justice is inbuilt in the ‎statutory provisions contained in Section 127 of the Act. Therefore the giving of notice to ‎the assessee containing the reasons and the statements or even the gist of the statements ‎to the extent relevant for the proposed action is a basic postulate. The views of the ‎noticee are to be considered by the authority before taking any decision to confirm or ‎drop the notice. A show cause notice to be effective must be adequate so as to enable a ‎party to effectively object/respond to the same. The authority concerned is obliged to ‎consider the objections, if any, and thereafter, reach a finding one way or the other. The ‎impugned order is quashed. NARESH MANAKCHAND JAIN vs PCIT. IN favour of the ‎assessee.‎
    • Section 153C: Delhi High Court on 09.08.2019 held that since the search took place and Notice under Section 153C prior to 1st June, 2015 and, therefore, Section 153C of the Act as it stood at the relevant time applied. Therefore, the onus was on the Revenue to show that the incriminating material/documents recovered at the time of search belongs’ to the Assessee. In other words, it is not enough for the Revenue to show that the documents either pertain’ to the Assessee or contains information that relates to’ the Assessee. Further the licence issued to the Assessee by the DTCP and the letter issued by the DTCP permitting it to transfer such licence are not incriminating material and therefore jurisdiction can not be assumed by the AO under Section 153C of the Act. PCIT vs M/S. Dreamcity Buildwell Pvt.
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