TAX BY MANISH: February 2016

Monday, 1 February 2016

10 Tax Benefits available to Small-Scale Industries in India

To Read the article, please click on the link below.

https://taxofindia.wordpress.com/2016/02/01/10-tax-benefits-available-to-small-scale-industries-in-india/

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Refund of pre-deposit cannot be withheld merely because litigation continues on the balance demand

In a significant judgment in IBM India Pvt. Ltd. v. Union of India (2026-VIL-955-BOM), the Bombay High Court has reaffirmed an important p...

TDS CPC – (Centralized Processing Cell) – New website launch

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Whether expression 'wholly and exclusively' appearing in Sec 37 does not mean necessarily - YES: HC

THE issues before the Bench are - Whether when an expenditure is claimed to have been incurred by an assessee for promotion of his busine...
UNDERSTANDING EXEMPTIONS FROM CAPITAL GAINS

The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
Key Changes in FEMA Export and Import Regulations Effective 1 October 2026

The Reserve Bank of India has introduced a new framework governing export and import transactions under FEMA. These regulations are effectiv...
Whether penalty is imposable if assessee makes false claim of Sec 80IA benefits on sub-contracted work and also furnishes CA Certificate in this regard - YES: Delhi HC

THE issues before the Bench are - Whether no penalty u/s 271(1)(c) is warranted even if assessee makes false claim of Sec 80IA benefits ...
Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...
Tax Saving by International Holding

The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
SC holds extended period cannot be invoked if allegations are not justified in the show cause notice issued under section 74

This Tax Alert summarizes a recent judgement of the Supreme Court (SC) [1] on whether a show cause notice (SCN) under Section 74 of the ...
Gujarat HC upholds levy of GST on corporate guarantee while reads down mandatory 1% valuation where actual consideration is lower

This Tax Alert summarizes a recent ruling of the Gujarat High Court (HC)1 on the taxability of corporate guarantee provided by the Petitio...
QUESTIONS RELATED TO DIGITAL SIGNATURE

What is a Digital Signature? Answer: A digital signature authenticates electronic documents in a similar manner a handwritten signatur...