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Archive: 26 December 2018

Posts in 26 December 2018

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

May 15, 2024 6447 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.

ITAT Guideline for expeditious hearing of cases referred to Special Benches & Third Members

December 26, 2018 894 Views 0 comment Print

Wherever special benches are constituted, the special benches shall, as far as possible, commence hearing within 120 days of the benches being constituted. In the cases in which the respective bench is not in a position to commence hearing of the matter within 120 days for any specific reason, e.g. directions of the Hon’ble Court above or blocking the hearing awaiting decision of a higher judicial forum, it shall record the reasons, in brief, for delay in commencement for hearing. Sincere endeavour shall be made for expeditious disposal of Special Bench cases.

Explanatory Notes to Provisions of Finance Act, 2018

December 26, 2018 15804 Views 0 comment Print

CBDT releases Explanatory Notes to Provisions of Finance Act, 2018 vide Circular No. 8/2018 dated 26th of December, 2018 and explained changes made vide union budget 2018. Text of the Circular is as follows:-

LTCG on shares cannot be treated as Bogus on mere alleged share price rigging

December 26, 2018 2691 Views 0 comment Print

ITO Vs Shri Suresh Chand Gupta (ITAT Kolkata) On the basis of evidences filed by assessee its claim was to be allowed where income in question was a bona fide long-term capital gains arising from sale of shares and hence, exempt from tax as there was no material indicating assessee’s nexus with alleged share price rigging. FULL […]

RBI constitutes Expert Committee on Economic Capital Framework

December 26, 2018 234 Views 0 comment Print

As decided by the Central Board of Reserve Bank of India (RBI) in its meeting held on November 19, 2018, the RBI, in consultation with the Government of India, has today constituted an Expert Committee to review the extant Economic Capital Framework of the RBI. The composition of the Committee is as under:

Service Tax Under BAS not payable on re-rubberisation of old rollers

December 26, 2018 921 Views 0 comment Print

Rajit Jain-succeesor And Legal Heir Vs Commissioner of Customs (CESTAT Allahabad) 1. The appellant is in appeal. 2. Brief facts of the case are that appellants are engaged in re-rubberisation of old, worn out rubberised rollers of various industries. The customers send them their used rollers at random and re-rubberisation comprises removing the old rubber […]

CBDT extend period for furnishing report U/s. 286(4) by constituent entity

December 26, 2018 3240 Views 0 comment Print

Circular No. 9/2018 F No 370142/17/2018 -TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated December 26, 2018 Order under section 119 of the Income-tax Act, 1961 Vide Notification in GSR 1217 (E) dated December 18, 2018 with effect from the date of its publication in […]

New FDI guidelines for e-commerce companies doing business in India

December 26, 2018 4791 Views 0 comment Print

Review of the policy on Foreign Direct Investment (FDI) in e-commerce- e-commerce marketplace entity will not mandate any seller to sell any product exclusively on its platform only.

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