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Archive: 28 November 2017

Posts in 28 November 2017

SC rejects Bail plea of Rohit Tandon for alleged Possession & Conversion of Demonetized Notes

November 28, 2017 3192 Views 0 comment Print

While upholding the proceedings against Advocate Rohit Tandon, a three judge bench of the Supreme Court confirmed the Delhi High Courts’ order denying bail for possession and conversion of Demonetized Currency.

Receipt of beneficial share from partnership firm cannot be treated as unexplained

November 28, 2017 3030 Views 0 comment Print

ACIT Vs. M/s. Jeannie Jamshed Madan (ITAT Mumbai) The fact that the assessee is one of the beneficiaries in the Estate of late Shri M.S. Kotwal who is partner in the partnership firm of M/s. Mira Salt Works is not in dispute. The reason for bringing to tax the amount received by the assessee is, […]

Income from licensing of running hotel is business income

November 28, 2017 4074 Views 0 comment Print

All these, provisions of agreement would, therefore, indicate that license that has been granted is that of a fully established running hotel authorizing the licensee to operate the hotel for a specified period subject to the terms and conditions incorporated therein.

About RGESS For further rebate

November 28, 2017 642 Views 0 comment Print

Took benefit of RGESS for fy 14-15,15-16,16-17 . Could I get benefit of RGESS for fy 17-18 , 18-19 ?

How and where to compliant on GST issues faced by consumers?

November 28, 2017 15975 Views 2 comments Print

As Promised, I’m back with step-by-step procedure on How to Complaint in case of GST charged over and above MRP and Illegal collections on the name of GST.

Applicability of IGST/GST on goods transferred/sold while being deposited in a warehouse

November 28, 2017 2700 Views 0 comment Print

The Central Board of Excise & Customs ICBECI has issued Circular No. 46/2017-Customs dated 24.11.2017 on the applicability of IGST / GST on goods transferred / sold while being deposited in a warehouse. The gist of the clarification is as under.

Penalty cannot be imposed for mere disallowance of Additional Depreciation

November 28, 2017 1809 Views 0 comment Print

Bhavani Gems Vs. ACIT (ITAT Mumbai) We have heard the rival contentions and perused relevant material on record including cited orders of Tribunal in assessee’s case for different years. Upon perusal of the same, we find strength in the argument of Ld. AR since the assessee’s claim for additional depreciation has been allowed in subsequent […]

Facility of transfer of shares to IEPF Authority demat account with CDSL

November 28, 2017 1020 Views 0 comment Print

Attention of Issuers/RTAs is invited to NSDL Circular No. NSDL/CIR/II/21/2017 dated November 24, 2017 regarding transfer of shares to IEPF Authority. In this context, Issuers/R&T Agents are hereby informed that the facility of transfer of shares being transferred

Notification No. 111/2017-Customs (N.T.), Dated: 28.11.2017

November 28, 2017 1155 Views 0 comment Print

Notification No. 111/2017-Customs (N.T.) CBEC hereby appoints officer mentioned in column 5 of the Table below to exercise the powers and discharge duties conferred or imposed on officers mentioned in column (4) of the Table in respect of Noticees mentioned in column (2) of the Table, for purpose of adjudication of show cause notice mentioned in column No (3) therein, namely:-

Provisions of rule 2 of MGST (Sixth) Amendment) Rules, 2017

November 28, 2017 873 Views 0 comment Print

Government of Maharashtra, hereby appoints the 1st day of July, 2017, as the date on which the provisions of sub-rule (i), (ii), (iii), (iv), (v), (vi) and (vii) of rule 2 of the Maharashtra Goods and Services Tax (Sixth Amendment) Rules, 2017, shall come into force.

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