Monday, 16 December 2019

ITC allowed on lease rental paid for residential accommodation - CESTAT



CESTAT Blore in the case of Bhuwalka Pipes while allowing the Cenvat credit held that “Perusal of the rental agreement shows that the premises can be used for residential, guesthouse and back office purposes and the appellant have used the same for business purpose only. Thus, the inclusive clause in the definition of input service covers the impugned input service - decided in favor of appellant

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Kolkata ITAT holds Husband's HUF not falling in the definition of ‘Relative’ of a Wife for gift-tax purposes under Income-tax

  Kolkata Tribunal has recently ruled that HUFs cannot be treated as “relatives” under the gift-tax provisions of the Income-tax Act, thereb...