PAN and TAN may now also be obtained online through Aadhaar e-Signature based application process of Digital Signatures on the portal of NSDL. PAN/TAN shall be allotted with in one day from completion of valid online application. This is available for Individual applicants. Seeding of Adhar in PAN is aimed at curbing the problem of duplicate PANs [Press Release dated 22-07-2016]
There is no presumption that witnesses appearing for an assessee come forward to give false evidence to oblige the assessee
Allahabad High Court in the case of Sheo Narain Duli Chand vs. CIT reported in 72 ITR 766
Whether e way bill is applicable for intra state movement of goods on Job Work in the state of Punjab from Ist February 2018?
- Section 138(14)(d) of Punjab GST Rules, states that no e-way bill is required to be generated in respect of movement of such goods and within such areas in a State and for values exceeding such amount as the Commissioner of State Tax, in consultation with the Chief Commissioner of Central Tax, may notify.
- As per Rule 138(1), movement can be
a) In relation to supply or
b) For reason other than supply
I-T department attaches actor Sharukh Khan’s farm house in Alibaug terming it as benami property
The Income-Tax department has provisionally attached actor Shah Rukh Khan’s farmhouse in Alibaug, Maharashtra terming it as a benami property. In the instant case, Mr. Khan had extended unsecured loan of Rs. 8.5 crores to Déjà vu farms. The unsecured loan was used by Déjà vu Farms for purchasing land. Later on the land was transferred to Deja Vu Farms Pvt Ltd which was controlled by the relatives of Mr. Khan. Continue reading “I-T department attaches actor Sharukh Khan’s farm house in Alibaug terming it as benami property”