Payment of interest by assessee for delayed delivery/allotment of plot was not in the nature of interest specified in Section 194A, and thus TDS provision was not applicable on it.
Admission of appeal by High Court indicates existence of debatable issue and thus penalty under section 271(1)(c) should not be levied.
ITAT’s unreasoned order, whereby various appeals of the assessee were consolidated without sending such notice to the assessee, quashed by Delhi High Court
Merely because de-facto possession of land was made over to the Developer for the purpose of construction thereon, it would not imply that the possession was made for enjoyment of the property; no transfer under Section 2(47) arises.
Audit under GST, Annual Return Form and Reconciliation.
Learn more about the Legal Phrases that every CA / CS should have handy with them.
Applicability, Powers & Responsibilities, Filings and Powers under Section 132 of the Companies Act, 2013 of National Financial Regulatory Authority (NFRA)
1) GSTR 3B and GSTR 2A- ITC Reconciliation: Instructions on the way for field formations not to disallow such credit
Key amendments (SECTION WISE) in Companies Act which are to come through the Ordinance.
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