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Archive: 04 March 2021

Posts in 04 March 2021

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7002 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Instructions for issue of Section 148 notice for Reassessment/Reopening

March 4, 2021 46893 Views 2 comments Print

CBDT directs that following categories of cases be considered as ‘potential cases’ for taking action u/s 148 of Act by 31.03.2021 for the A.Y 2013-14 to A.Y 2017-18 by Jurisdictional Assessing Officer

AO can pass consequential orders under Vivad se Vishwas: CBDT

March 4, 2021 11481 Views 0 comment Print

Under section 10 of Vivad se Vishwas, it is hereby clarified that where designated authority has passed orders under section 5(1) & (2) of Vivad se Vishwas, the Assessing Officer shall pass consequential order.

Income Tax raids Film Actress, production & Talent Management companies

March 4, 2021 1326 Views 0 comment Print

The Income Tax Department is carrying out search and survey operations which started on 03.03.2021 on two leading film production companies, a leading actress and two Talent Management companies in Mumbai. Search operation is being carried out at Mumbai, Pune, Delhi and Hyderabad.

Income Tax searches at 2 civil contractors groups of Tamil Nadu

March 4, 2021 498 Views 0 comment Print

The Income Tax Department carried out search and seizure operations on 03-03-2021on two groups of civil contractors in Southern Tamil Nadu. Searches and surveys were conducted in 18 premises mainly in Madurai and Ramnad districts.

Voluntary Registration Under GST

March 4, 2021 41247 Views 2 comments Print

Voluntary registration provides option to a person to take GST registration even though he is not liable for GST registration under section 22 or section 24 of CGST Act, 2017 or SGST/UTGST Act, 2017. Section 22 allows certain specified limit of turnover i.e. threshold limit (limit of Rs.40 lakh or 20 lakh as the case […]

ITAT allows Debit note received in Subsequent Assessment Year for difference in price

March 4, 2021 618 Views 0 comment Print

DCIT Vs Charotar Gas Sahakari Mandali Limited (ITAT Ahmedabad) Briefly stated, the assessee is a co-operative society and engaged in providing CNG Gas and purchase and sale of natural gas to domestic and commercial consumers and earns commission on CNG. In the course of the scrutiny assessment, the AO observed that a revised return was […]

HC orders Conditional interim Releases of cash Seized from associates of D.K Shivkumar

March 4, 2021 4911 Views 0 comment Print

Wellworth Software Pvt. Ltd. Vs CBI/ ACB (Karnataka High Court) FULL TEXT OF THE JUDGMENT/ORDER OF KARNATAKA HIGH COURT These two petitions are preferred against the orders passed by the LXXXI Addl. City Civil and Sessions Judge, Bengaluru, rejecting the applications filed by the petitioners under Sections 451 and 457 of Cr.P.C. 2. The undisputed […]

HC places matter of virtual non application of mind and disregard to hierarchy of Courts by Trial Court before Inspecting Committee of HC Judges

March 4, 2021 636 Views 0 comment Print

Air Customs  Vs Begaim Akynova (High Court Delhi) The petitioner, vide the present petition has sought the setting aside of the impugned order dated 06.01.2021 of the learned CMM, New Delhi vide which the learned Trial Court granted permission to the respondent-Begaim Akynova to travel abroad to her home for one year from 06.01.2021 to […]

IGST refund cannot be denied for higher rate of duty drawback claim

March 4, 2021 2775 Views 0 comment Print

Real Prince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court) It was held that the refund of the IGST paid on the exports cannot be denied on the ground that the higher rate of duty drawback is claimed and circulars are issued only to clarify the statutory provision and it cannot alter or […]

SEBI Circular on modifications in Mutual Fund Regulations

March 4, 2021 4386 Views 0 comment Print

The proposals relating to amendments to MF Regulations have been notified vide Gazette notification no. SEBI/LAD-NRO/GN/2021/08 dated February 04, 2021. These amendments to MF Regulations shall come into force on 30th day from the date of their publication in the Official Gazette. Copy of the same is enclosed for reference. C. With respect to proposals relating to modifications in various circulars issued under MF Regulations, it has been decided to implement the following:

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