Tag: accounting

  • Income Tax Judgement – Transfer Pricing

    INCOME TAX APPELLATE TRIBUNAL- AHMEDABAD   DEPUTY COMMISSIONER OF INCOME TAX ……….. Appellant. V ABHILASHA PHARMA PVT. LTD. ………………………. Respondent   T.R. Senthil Kumar, Judicial Member And Narendra Prasad Sinha, Accountant Member, JJ Date : May 10, 2024 Appearances S.N. Soparkar, Sr. Advocate, And Shri Parin Shah, AR for the Petitioner. Darsi Sumar Ratnam, CIT-DR…

  • Taxation of ESOPs in India and Abroad

    Introduction Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially in startups that may not be able to offer hefty pay packages. ESOPs provide employees with an opportunity to become equity shareholders of the company over a period of time. However, the taxability of ESOPs can be complex. In…

  • Income Tax Judgment – Income

    INCOME TAX APPELLATE TRIBUNAL- NAGPUR T. A. No. 85/NAG. /2023   DEPUTY COMMISSIONER OF INCOME TAX …………………….. Appellant. V SHRI PRABHA NAGESHWAR RACHAKONDAWAR ………….. Respondent   Satbeer Singh Godara, Judicial Member, J.   Date :May 9, 2024   Appearances Abhay Y. Marathe, Sr. DR for the Petitioner. None for the Respondent.   Sec. 90 of…

  • GST Judgment – Maintainability of petition

    Roshan Sharma …..Appellant V/s Assistant Commissioner of Revenue, State Tax, West Bengal & Ors. …..Respondent   Hon`ble Justice T.S. Sivagnanam, CJ. and Hiranmay Bhattacharyya, JJ. Date : 07/05/2024   Appearance: Mr. Vinay Kumar Shraff Ms. Priya Sarah Paul Mr. Dev Kumar Agarwal for the Petitioner. Mr. Anirban Ray, Ld. G.P. Mr. T. M. Siddiqui Mr.…

  • GST on Health Care Services and Hospital Room Rent

    Introduction The healthcare industry has traditionally been spared from indirect taxes on its services, given its critical role and the goal of reducing healthcare costs. The application of taxes on healthcare services could directly affect the general public in the form of increased treatment costs. However, such tax relief has not been extended to cosmetic…

  • GST Judgment – Goods in Transit

    Axrecycle Private Limited …..Appellant V/s Assistant Commissioner Mobile Aquad and Another …..Respondent Hon`ble Justice Shekhar B. Saraf, J. Date : 07/05/2024 Appearance: Pooja Talwar for the Petitioner. C.S.C. for the Respondent. Appeal Allowed Issues Involved :- The only controversy involved in the present petition is with regard to non filling up of Part `B` of…