Assessments under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criteria’s for selection of cases for scrutiny has been increased. While making the assessment the assessing officer has to appreciate all the facts properly. If there is any misinterpretation of facts it may result in injustice to the assessee. Some times when there is confusion regarding interpretation of facts as appearing in a particular case or confusion regarding any law point the assessing officer tends to consult their senior officials like Additional Commissioners or else.
The Central Bureau of Investigation has registered a case against the then Commissioner of Customs, Marmagoa, Goa on the allegations of possessing Disproportionate Assets to the tune of Rs.1,39,34,906/- (approx).
Certain amendments have been made in the MEIS schedule Table 2 of Appendix 313 to harmonize it with the Notification no. 38 dated 01.01.2020 and the changes in the Finance (No. 2/ Act. 2019. Fifth Schedule as notified by CHIC.
The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 01.04.2021 for both SSI and non SSI manufactured drugs.
There is no contract of commission agent service with any of the commission agent, there is no person to whom payment of commission was made therefore, it is clear that no service provider i.e. foreign commission agent exists in the present case.
CIAL Duty Free And Retail Services Ltd (CDRSL) Vs. Union of India (Kerala High Court) Kerala High Court held that petitioner shall pay the GST on input services including Concession Fee and claim ITC of the entire tax amount and thereafter claim refund of the same by following the procedure prescribed under Section 54(3) of […]
Proposal to extend time limits under Customs, Excise & Service Tax is under consideration: CBIC Time limit notified under the Customs, Central Excise and Finance Act 1994, which falls during period from 20.03.2020 to 29.06.2020 was extended to 30th September 2020. As the situation of Covid-19 continues to prevail, CBIC has received representations regarding extension […]
Rajasthan RERA Holds RERA Act As Mandatory And Directs For Execution of Agreement For Sale For Property Sold By Auction By State Development Authorities In a landmark decision, the Rajasthan Real Estate Regulatory Authority (‘RERA”) on September 22, 2020 has held that Section 13 of the Real Estate (Regulation and Development) Act, 2016 (“Act”) is […]
