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Archive: 19 March 2013

Posts in 19 March 2013

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6390 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19398 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

WOA in joint names of different individuals can lead to a valid assessment/s u/s.153A

March 19, 2013 732 Views 0 comment Print

The assessee has placed reliance on some decisions. However, as afore-stated, the matter is purely factual, i.e., based on primary facts on which inference as to a finding of fact, i.e., the explanation with regard to that nature and source of credit being satisfactory or not, keeping the entirety of the facts and circumstances of the case into account, is to be drawn. The decisions cited by the assessee have been with reference to the one of positive inference.

During pendency of stay petition recovery proceeding cannot be initiated

March 19, 2013 1614 Views 0 comment Print

Applications for stay cannot be treated by the assessing officers or for that matter by appellate authorities as meaningless formalities. Quasi judicial authorities have to apply their mind in an objective and dispassionate manner to the merits of each application for stay. While the interest of the Revenue has to be protected, it is necessary for assessing officers to realize that fairness to the assessee is an intrinsic element of the quasi judicial function conferred upon them by law. Applications for stay must be disposed of at an early date.

Mid-Quarter Monetary Policy Review – March 2013, Change in RBI Rates & Related Circulars

March 19, 2013 1157 Views 0 comment Print

Mid-Quarter Monetary Policy Review: March 2013 Monetary and Liquidity Measures Based on an assessment of the current macroeconomic situation, it has been decided to: • reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect; Consequently, the reverse repo […]

Revised Criteria & Forms for Empanelment of Auditor for Audit of Co-op Societies in Maharashtra F.Y. 2012-13

March 19, 2013 9505 Views 0 comment Print

Co-op Department Maharashtra State, Pune  issued 237/2013 dt.18.3.13 for empanelment of Co-op societies audit with modified form (offline) & terms & extended last date for submission to 25.03.2013.

Estimation of Counterfeit Currency Notes in India – Alternative Methodologies

March 19, 2013 574 Views 0 comment Print

The Reserve Bank today placed on its website a Working Paper titled “Estimation of Counterfeit Currency Notes in India – Alternative Methodologies” under the RBI Working Paper Series. The paper has been written by Shri Sanjoy Bose and Dr. Abhiman Das. Counterfeiting poses increasing challenges to currencies all over the world, including India. Recent advances […]

Assortment of Amendments in Penal Provisions of Service Tax

March 19, 2013 2609 Views 0 comment Print

Beware if you are the one illicitly holding the government revenue!!! Government is all set to severely punish the people contravening the provisions of Finance Act, particularly, when one collect the service tax and fails to deposit the same to government exchequer.

Lead Bank scheme – Strengthening of Management Information System (MIS)

March 19, 2013 1201 Views 0 comment Print

As you are aware that priority sector guidelines are being revised from time to time, the last major revision done in the year 2012. However, Annual Credit Plans of States and Districts continue to be prepared based on the old sub sector classification of Agriculture, SSI

Financial Hardship Not Necessary for Stay of Demand

March 19, 2013 4202 Views 0 comment Print

Before concluding, we clarify that the observations in the present judgment are confined only to the disposal of the application for stay of the recovery of the demand against the Petitioner and shall not prejudice the rights and contentions of the assessees, the Petitioner and the Revenue in the pending appeals.

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