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Our client is a sugar manufacturing company. It has entered into a contract with 3 buyers for selling sugar of 50,000 Tonnes at a fixed price. Those buyers have roped in another buyer for 20,000T out of this 50,000 T, which is a transaction purely amongst the buyers. This new buyer deposited a hefty sum with our client on the advice of original buyers for lifting the quantity of 20,000 T but ultimately lifted only 10,000 T. Hence the original three buyers lifted the balance 10,000 T, to complete the contractual quantity of 50,000 T which they entered into with…
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How can I download the complete case law for further reference?
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My father made HUF with eldest son karta and died 24/9/2003 Will probated with HUF detail in Mumbai high court 2004 before act of 2005 daughter rights in property. Two married sisters not member or karta of HUF . can they ask for HUF detail as how money spent from HUF even will approved by High court in 2004 before act of 2005.
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I am selling my house. If I make a separate agreement with buyer and show that interior and furniture cost is around 8-10 lakhs, whether I need to show bills if IT dept sends notice? Whether I need to mention all items and their cost or i can just mention Interiors and no mention of cost in Sale agreement?
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I have seen that dtvsv form issued last Thursday.. but when clicked inside it still showing awaiting signed form 4 from CIT I CAN'T understand.. whether it is considered as form 4 issued or not
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The Ld AO has initiated penalty proceedings u/s 270A and the operating para reads as under:- " Whereas in the course of proceedings for the Assessment Year 2019-20, it appears that you have under-reported income which is in consequence of misreporting thereof as per details given in the assessment order." Whether the same is considered to be under reporting or misreporting of income?
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Whether in case of donation to political party if the case is taken for assessment or reassessment & the A.O. decides to disallow the donation made & initiates penalty u/s 270A whether the same will be leviable for under-reporting /misreporting i.e. 50% of tax payable or 200% of tax payable. Whether it will be the amount of tax & surcharge only or it will include the amount of interest.
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Is it mandatory to execute a gift deed for gifting shares of private company?
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AO2 passes an order u/s 148A[3] without any notice u/s 129 and or a fresh notice u/s 148A[1] etc and relies upon notice u/s 148A[1] by AO 1 and reply by me to AO 1 what is the remedy ?
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Sir, If a person leases gold to assessee's father's jewellery firm and gets interest on it. Is it allowed in income tax act to lease gold instead of cash to private firm
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Contract Related Issues about an Agreement related issue