Directors of NCLT lead companies held accountable for tax arrears of companies
Section 179 provide for recovery of taxes from directors in the event of no recovery possibilities from the company. Taking…
......Read More
Today's
Directors of NCLT lead companies held accountable for tax arrears of companies ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Yesterday's Revised return capping – a statutory handicap ......Read More
Candid stay
In the matters of grant of stay the authorities have to exercise their wisdom keeping into account interest of both…
......Read MoreHow to fight a case for stay of demand ?
In a demand case scenario all these years the taxpayer move the Assessing Officer as well the Principal Commissioner simultaneously.…
......Read MoreAn act in terrorem
In [2022] 445 ITR 622 (Raj)the CPC adjusted the refund against the demand in dispute before Commissioner ( A). The High…
......Read MoreTDS mismatch could mean loss of interest
There is a provision in section 244A(2) by which a taxpayer is deprived of interest on refund for any noticeable…
......Read MoreReliance blocked from taking benefit of Vivad Se Vishwas scheme
In explaining the avowed object of the Direct Tax Vivad Se Vishwas Act the High Court in [2022] 441 ITR…
......Read MoreDirectors of private limited companies at risk
Budget-wise section 179 @ income-tax is amended to make directors of private companies accountable for payment of taxes in the…
......Read MoreWaiver of interest for advance tax payment defaults
Often applications for waivers , revisions, S.197 applications etc are rejected by the Commissioner / CC / PrCIT by citing…
......Read MoreInterest overcharging under 119 A scheme
Income tax Act provide for charge of interest on demands of taxes and penalty as well as it has provisions…
......Read MoreCourt declines to intercept TRO powers under rule 11 of Schedule II in property attachment case
Section 281 deem certain transfers of assets void if they are transacted during the pendency of any proceeding under this…
......Read More