"December, 2019" Archive - Page 30

Baroda Cricket Association eligible for Section 11 & 12 exemptions : HC

CIT (Exemptions) Vs Baroda Cricket Association (Gujarat High Court)

CIT (Exemptions) Vs Baroda Cricket Association (Gujarat High Court) 1. By this appeal under section 260A of the Income Tax Act, 1961, the appellant Revenue has challenged the order dated 11.06.2019 made by the Income Tax Appellate Tribunal, Ahmedabad Bench ‘B’ in ITA No.2675/Ahd/2017 for assessment year 2014­-15 by proposing the foll...

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HC explains provisions of Sections 129 & 130 | Detention, seizure, confiscation | GST

Synergy Fertichem Pvt. Ltd Vs State of Gujarat (Gujarat High Court)

Synergy Fertichem Pvt. Ltd Vs State of Gujarat (Gujarat High Court) (i) Section 129 of the Act talks about detention, seizure and release of goods and conveyances in transit. On the other hand, Section 130 talks about confiscation of goods or conveyance and levy of tax, penalty and fine thereof. Although, both the sections start […...

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Keep Away From Benami Transactions

INTRODUCTION ‘Benaml’ means ‘no name’ or ‘without name’. Benami properties are those that ore held by an owner through proxies. The property is purchased in the name of or held In the name of a person who has neither paid for it nor actually enjoys it it may even be held in the name of […]...

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Posted Under: Income Tax |

NAA held Johnson & Johnson guilty of Profiteering of Rs. 230 Cr.

Director General of Anti-Profiteering Vs Johnson & Johnson Private Limited (National Anti-Profiteering Authority)

Director General of Anti-Profiteering Vs Johnson & Johnson Private Limited (National Anti-Profiteering Authority) Profiteered amount is determined as Rs. 2,30,40,74,132/- as per the provisions of Rule 133 (1) of the above Rules as has been computed vide Annexure-13 of the Report dated 24.06.2019. Accordingly, the Respondent is directe...

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GST on Flour Mixture of Grams, pulses, leguminous vegetable with cereal flour/Rice flour

In re Chellasamy Nadar Deivarajan (Mahalakshmi Store) (AAR Tamilnadu)

In re Chellasamy Nadar Deivarajan (Mahalakshmi Store) (AAR Tamilnadu) Whether the unbranded mixture of flour of pulses and grams i.e. leguminous vegetables and cereal flours fall under the HSN Code 1106 and 1102 respectively though blending of leguminous flour added with very small quantity of rice flour or maize flour (without adding sal...

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NFC Board manufactured with Rice husk mainly classifiable under CTH 441193

In re Papaka Herbs & Spices Private Limited (GST AAR Tamil Nadu)

In re Papaka Herbs & Spices private Limited (GST AAR Tamil Nadu) Whether the Rice Husk Board manufactured by the applicant comprising of Natural Fibre (Rice Husk Powder); Calcium carbonate, recycling waste and other processing aid as well as PVC resin, wherein PVC acts only as a bonding agent would remain classified as wood and [&hell...

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Industrial Development Scheme, 2017 for UT of J & K and Ladakh

F.No. 2(2)/2018-SPS 23/12/2019

Industrial Development Scheme, 2017 for Union Territory of Jammu & Kashmir and Union Territory of Ladakh MINISTRY OF COMMERCE AND INDUSTRY (Department for Promotion of Industry and Internal Trade) NOTIFICATION New Delhi, the 23rd December, 2019 F.No. 2(2)/2018-SPS.— The Central Government hereby makes the following amendments in the...

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Pay your 4th & last installment of Advance Tax by 15th March, 2020

Thank you Taxpayers … Your Income Tax is making it possible for more Indians to access quality healthcare. Pay your 4Th & final installment (100% of Advance Tax) for FY. 2019-20 by 15th March, 2020 Taxpayers liable to pay Advance Tax Any assesses, including salaried employee, whose tax liability for the financial year as reduced...

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Posted Under: Income Tax |

PPF – Loans and Withdrawals

Article explains When to withdraw money from PPF or take loan against PPF Deposit, Extracts of Public Provident Fund Scheme, 2019 facilitating loan from PPF account, Different between Loan From PPF and Withdrawal of PPF amount,  Who can avail loan facility against PPF, How much loan you can take against PPF and Withdrawals from PPF [&hel...

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Posted Under: Income Tax |

Rule 10DA – Requirements for filing a Master File

The Central Board of Direct Taxes (CBDT), has released the final rules through a notification (N No. 3497(E) on preparation and filing of Master file by the Indian Entity of an International group. The brief of the rules as notified and the documentation/information requirements as needed for the filing are summarized herewith for your re...

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Posted Under: Income Tax |

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