"07 May 2019" Archive

SOP for visit to premises for verification of GST registration particulars

Circular No. 4/2019 (07/05/2019)

Circular No.4/2019 – GST Registered Tax Payers – Validation of Registration details furnished – SoP for visit to taxable person’s premises for verification of registration particulars. Office of the Commissioner of State Goods and Services Tax Department, Government of Kerala, Thiruvananthapuram No. CT/1267/2019-C1 Dated 07/05/20...

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Transfer cannot be considered merely on the basis of registered agreement

Appasaheb Baburao Lonkar Vs ITO (ITAT Pune)

Appasaheb Baburao Lonkar Vs ITO (ITAT Pune) Wherein the initial contract was between the parties on the ground that the assessee would get permission of other co-owners numbering about 13 so as to transfer immovable asset to the purchasers. This was the basic condition of the said agreement between the parties. Admittedly, the said permis...

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Addition for Capitation Fee should be made against collages instead of Parents

Shri R. Bhoopathy Vs CIT (Madras High Court)

Shri R. Bhoopathy Vs CIT (Madras High Court) he scourge of Capitation Fee by Medical and Engineering Colleges is an infamous and thoroughly extortionist act that is going on in the education sector in our country and it is almost a known fact that these so called Educational Institutions act more like Business Houses rather […]...

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Deemed Registration on Non-disposal of registration application u/s.12AA within 6 Months

M/s.Kanchipuram Vaniga Vaisya-Dharma Paripalana Sangam Vs CIT (E) (ITAT Chennai)

M/s. Kanchipuram Vaniga Vaisya-Dharma Paripalana Sangam Vs CIT (E) (ITAT Chennai) Admittedly, this application seeking registration u/s.12AA of the Act, was filed on 10.07.2014. The Sub-section 2 of Sec. 12AA stipulates that an order granting or refusing the registration under Clause-B of Sub-Sec.2 shall be passed before the expiry of the...

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Denial of exemption U/s. 11 to registered Trust for mere non- producing evidence of registration U/s. 12A/12AA is invalid

Rotary Club of Poona Downtown Charitable Trust Vs ITO (E) (ITAT Pune)

In the present case, the assessee trust has made ample efforts for procuring information from the Department regarding duplicate copy of registration certificate. The Department was not able to provide any copy of the registration certificate. ...

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HC to formulate substantial question of law & only thereafter hear appeal on merits: SC

PR. CIT Vs A. A. Estate Pvt. Ltd (Supreme Court of India)

PR. CIT Vs A. A. Estate Pvt. Ltd (Supreme Court) There lies a distinction between the questions proposed by the appellant for admission of the appeal and the questions framed by the Court. The questions, which are proposed by the appellant, fall under Section 260­A (2) (c) of the Act whereas the questions framed by […]...

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Maximum entries in single online ANF 3D application increased

Public Notice No. 07/2015-2020 -DGFT (07/05/2019)

The number of entries of shipping bills/ Airway bills which can be filed in a single online ANF 3D application has been increased from 50 to 250 for claiming MEIS benefit....

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DGFT notifies CA/CWA/CS Certificate for claiming SEIS benefits

Public Notice No. 06/2015-2020 (07/05/2019)

Documentary Evidence in the form of a CA/CWA/CS Certificate, which certifies that payments in INR for services rendered as under Appendix 3E have been scrutinized and these payments in INR are approved under RBI guidelines as deemed to be  received in foreign exchange and deemed to be earned in foreign exchange - is required to be ...

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Govt notifies Revised conditions for import of Electronics & IT Goods

Notification No. 5/2015-2020-DGFT (07/05/2019)

Import Policy and Policy condition for import of Electronics and IT Goods is laid down by amending Note No 2(c) under the General Notes Regarding Import Policy and inserts Policy Condition No 2 under Chapter 84 and as Policy Condition No. 5 under Chapter 85 of ITC (HS) 2017. Government of India Ministry of Commerce […]...

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Govt permits Supply of essential commodities to Maldives during 2019-20

Notification No. 4/2015-2020-DGFT (07/05/2019)

Export of Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal and Eggs has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period 2019-20 w.e.f. April, 2019 as per the quantities indicated in the Table at Para I above. The export of above items to Rep...

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