"03 June 2017" Archive

How to fill form GST TRAN-1? Download Draft copy of form GST TRAN-1

Section 140 to 142 under the CGST Act 2017 and respective sections under SGST laws along with DRAFT Transition Rules determines the availability and procedure to claim carry forward of ITC to the proposed GST regime. CGST Act has been passed by the union government but some states are yet to pass their SGST bills....

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Challenges to reconnect with Nature

Since 1972 World Environment Day is celebrated over the world to raise awareness about forests and wider issues of environmental protection. The theme of this year's World Environment Day is 'Connecting People to Nature. It implores us to get outdoors and into nature, to appreciate its beauty and to take forward the call to protect the Ea...

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Reopening by successor AO by revisiting the same materials is invalid

Director of Income Tax International Taxation-II Vs Rolis Royce Industry Power India Ltd (Delhi High Court)

In the opinion of the bench, e reopening based on mere reappraisal of existing material is without jurisdiction, and therefore, is invalid. The bench, while hearing an appeal filed by the department against the order of the ITAT, held that the assessee’s duty is only to disclose facts and not to make inferences. It was also held that th...

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Provide Info on Demonetization under RTI: CIC to Dept of Posts

Ramswaroop Vs PIO, Department of Posts (Central Information Commission)

The CIC, in the case of Ramswaroop Vs PIO, Department of Posts, has directed the authority concerned to provide information regarding the number of currency notes exchanged during the demonetization period to the petitioner since demonetization had a huge impact on the everyday life of every citizen of the nation. ...

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Search & Seizure of Undisclosed income deposited into A/c of 3rd party

Strategic Credit Capital Pvt. Ltd. Vs Ratnakar Bank Ltd. & Anr. (Delhi High Court)

1. The main argument on merits by both Petitioners is that without a search warrant in their respective names, and without there being a demand raised and finalised, there is no power under Section 132 read with Section 132B of the Act to require RBL to issue a DD favouring the Department for the balance […]...

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Credible information and reason to believe required for a valid search

Ameeta Mehra vs. ADIT (INV) (Delhi High Court)

Many cases are coming to the courts where the legitimacy of the search and seizure is challenged. It is being continuously held in cases coming to the courts that before a search, conditions mentioned in section 132 of the Income Tax Act, 1961(for short ‘the Act’) should be fulfilled....

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Determination of Nature of Supply and Place of Supply of Services under GST

Nature of Supply and Place of supply are two of the most important concepts under GST. Determination of Nature of supply is very important to determine whether a supply is inter-state or intra-state. CGST and SGST will be levied on intra-state supply while inter-state supplies will be charged to IGST....

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Brief on filing of GSTR1, GSTR2, GSTR1A, GSTR2A

Every Recipient shall furnish, electronically, the details of inward supplies of taxable goods or services or both on which tax is payable after the tenth day but on or before the fifteenth day of the month succeeding the tax period in GSTR – 2 using the details of modified form 2A...

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Re-Assessment based solely on Info from Investigation Wing is invalid

Principal Commissioner of Income Tax Vs Meenakshi Overseas Pvt Ltd (Delhi High Court)

In Principal Commissioner of Income tax v. Meenakshi Overseas Pvt Ltd, the Delhi High Court held that re-assessment under Sections 147/148 of the Income Tax Act cannot be made only on the basis of information received from the Investigation Wing of IT Department....

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