Judgements by Sathyanarayana G
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Income Tax department must accept the audited accounts
Sathyanarayana G 25 September 2008 at 10:03
The Supreme Court has said the Income-Tax Department has to accept the authenticity of the accounts maintained in accordance with the provisions of the Companies Act and certified by the auditors. The assessing officer cannot go beyond the net pr
Posted in Income Tax
| 39
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Each Branch of a company is a different person
Sathyanarayana G 24 September 2008 at 16:01
The state can levy professional tax on each branch of a person though the person relates to one entity for tax purposes. The SC ruled that each branch of a company is a seperate person as defined with explanation to PT act to levy PT of Rs.2,500/- on
Posted in VAT
| 71
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APMC is not local authority, should pay tax
Sathyanarayana G 24 September 2008 at 16:01
Agricultural Produce Market committees are not local authorities for tax tax exemption and are liable to pay tax
Posted in Income Tax
| 299
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