Re-strengthening economy through reforms: Assuring fair, courteous and rational behavior to the taxpayer, demonstrating our commitment to improve taxpayer services. DELIVERY ON BUDGET PROMISES (2020-21) TAXPAYERS’ CHARTER THE INCOME TAX DEPARTMENT IS COMMITED TO 1. Provide fair, courteous, and reasonable treatment 2. Treat taxpayer as honest 3. Provide mechanism for appeal and review 4. Provide […]
Ocean/sea freight is a method of transporting large quantities of a product via cargo ships; goods are packed into containers and these containers are loaded onto a vessel, where they will be sailed to their destination country. Almost 90% of everything we buy in today’s world arrives through ocean freight. Containers are the blood cells […]
AO was not justified in denying the claim of deduction under section 80IC as interest income earned was inextricably linked to the main business activity of assessee as it was earned from fixed deposits which was required to be maintained as per the statutory requirements.
Mandatory uploading of the documents in e-Sanchit : In terms of the Board Circular No. 55/2020-Customs dated 17.12.2020, uploading of certain documents in e-Sanchit and declaring their IRN Numbers in the Bill of Entry will become mandatory for certain import items (CTHs) w.e.f. 15.01.2021. In terms of the above Board Circular and further details provided by the Board, details of the CTHs and corresponding mandatory Doc codes are enclosed in ANNEXURE I (Attached to this Public Notice). System would also subsequently put a check to disallow filing of BEs without these Doc codes for applicable
The Hon’ble Gujarat AAR, in the matter of M/s Amneal Pharmaceuticals Pvt. Ltd. [Advance Ruling No. GUJ/GAAR/R/50/2020, dated July 30, 2020] held that GST would be levied on recovery of amount from employee on account of third party canteen services provided by a company to their employees which is obligatory under Factories Act 1948 (Factories […]
All quasi judicial proceedings under the EPF & MP Act, 1952 for which functionality has been created in the ‘e proceedings portal’ must be conducted through the portal. If conduct of proceedings is not possible in any case through the portal for functional or technical reasons must be brought to the notice of the concerned Zonal Offices.
Case No. (OI – 30/2019) Anti-Dumping Duty investigation concerning imports of Soda Ash originating in or exported from Turkey and USA
MEF Applicants can visit at https://meficai.org/ to view the category and other information related to their MEF Application. It may be informed that the category displayed is subject to the verification of Common Partners and checking of Financial Documents by the Auditors. The observations, if any, will be communicated separately.
Manish Kumar Vs Union of India (Supreme Court) The petitioners have approached Supreme Court under Article 32 of the Constitution of India. They call in question Sections 3, 4 and 10 of the Insolvency and Bankruptcy Code (Amendment) Act 2020. Court held as follows:- We uphold the impugned amendments. However, this is subject to the […]
Sanjay Duggal Vs ACIT (ITAT Delhi) ITAT observed that In some of the cases the approval was granted on the date the request was made for approval by the A.O. In all those cases merely draft assessment order and the assessment folders were available with the A.O. For example in the case of Shri Sanjay […]
