"15 September 2020" Archive - Page 4

In case of unaccounted sales only profit therefrom can be taxed

Nawal Kishore Soni Vs ACIT (ITAT Jaipur)

Nawal Kishore Soni Vs ACIT (ITAT Jaipur) It is evident from entries found in cash book of Ram Kumar Soni and from statement recorded from assessee in course of survey that assessee purchased gold in period of demonetization which was obviously for sale to persons on receiving cash from them as the same is normal […]...

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Income already disclosed under PMGKY, 2016 cannot be treated as Unexplained Income u/s 68

Shri Nawal Kishore Soni Vs. ACIT (ITAT Jaipur)

The issue under consideration is whether the CIT(A) was right in deleting the addition made by the AO on account of unexplained investment in purchase of gold?...

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National Commission for Allied and Healthcare Professions Act, 2020 introduced in Rajya Sabha

Bill no. XXXII of 2020 15/06/2020

National Commission for Allied and Healthcare Professions Bill, 2020 was introduced in Rajya Sabha on 15th September 2020.  Text of the same is as follows:- The Gazette of India NEW DELHI, TUESDAY, SEPTEMBER 15, 2020 CG-DL-E-22092020-221868 EXTRAORDINARY PART II PUBLISHED BY AUTHORITY RAJYA SABHA The following Bills were introduced in th...

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Kerala VAT- Amnesty scheme-2020 for settlement of arrears – Further instructions

No. CT/01/2020-C1 15/09/2020

Office of the Commissioner of State Goods and Services Tax Department, Government of Kerala, Thiruvananthapuram No. CT/01/2020-C1 Dated 15/09/2020 Circular No. 9/ 2020 Sub: Amesty scheme-2020 for settlement of arrears – further instructions issued – Reg: Ref: 1. Kerala Finance Bill, 2020. 2. Circular No. 2/2020, dated 04/04/20...

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Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020

MAHARASHTRA ACT No. XX OF 2020 15/09/2020

Notwithstanding anything contained in this section, a company, which has been incorporated under the provisions of the Companies Act, 2013, after the date of commencement of the Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Act, 2020, shall at the time of its incorporation, obtain the certificate of en...

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Settlement Commission cannot re-open its concluded proceedings by invoking section 154 to levy interest

CIT Vs M.A. Jacob & Company (Madras High Court)

CIT Vs M.A. Jacob & Company (Madras High Court) The order passed on the Settlement Applications filed by the assessee is dated 07.01.2000. The second order of ITSC was passed on 19.02.2004. After those orders passed by ITSC on the issue in question, concerning the assessee, in the year 2010, the Honourable Supreme Court had […]...

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Recovery of GST under IBC provisions

GST department cannot take shelter under the decision of Electro Steels Limited versus State of Jharkhand as it a special case. Notification for taking fresh registration by the RP/IRP would act as deemed intimation for the revenue confirming the assessee is under insolvency proceedings....

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Posted Under: Income Tax |

Copy of GST documents seized can be denied to Assessee if it may adversely affect investigation

Agarwal Oil Mill Vs State of Madhya Pradesh (Madhya Pradesh High Court)

The discretion available to the competent authority u/S 67(5) of the CGST Act while withholding supply of copies/extracts of documents seized appears to be judiciously exercised by the competent authority for reasons which prima facie appear to be cogent and convincing....

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Filing of Appeal with GST Tribunal if not constituted- HC Direction

George Clinical India Pvt. Ltd. Vs Union of India (Karnataka High Court)

In the instant case, the petitioner filed a writ petition seeking to quash show cause notice issued by the respondents. The petitioner to reply to the said show cause notice within two weeks. Thereafter, the Adjudicating Authority shall consider the objection filed and pass orders in accordance with law....

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Section 263 revision against void-ab-initio order or against a non-existent entity

Revision under section 263 by the Principal Commissioner or Commissioner against void-ab-initio order or against a non-existent entity If an order is passed by the Assessing Officer against a non-existent entity, e.g. against an Amalgamating Company or against a Dissolved Firm, such an order is void-ab-initio and no revision can be made...

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Posted Under: Income Tax |

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