"15 April 2021" Archive - Page 4

VAT on AC service Charges – HC referred matter Back to Officer for fresh Adjudication

Tvl. Weather Maker Vs Commissioner of Commercial Taxes (Madras High Court)

Tvl. Weather Maker Vs Commissioner of Commercial Taxes (Madras High Court) The petitioner is engaged in trading of LLOYD Air Conditioners. The case of the petitioner is that the petitioner had also been doing maintenance contract. For the said service rendered by the petitioner, the petitioner was paid the charges. According to the petiti...

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CIT can invoke Revisional Jurisdiction only if Assessment is erroneous & causing prejudice to interest of revenue

Shri Subbaraya Annamalai Siva Kumar Vs ITO (ITAT Hyderbad)

Shri Subbaraya Annamalai Siva Kumar Vs ITO (ITAT Hyderbad) Ld.DR fails to dispute the clinching fact that the Pr. CIT’s impugned order has nowhere held the assessment in question dated 06.01.2015 as an erroneous one so far as it causes prejudice to the interest of Revenue as per Sec.263 of the Act. Ld.Pr.CIT has rather […]...

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Penalty cannot be imposed merely because assessee had made a new claim

PCIT Vs Taneja Developers and Infrastructure Ltd. (Delhi High Court)

PCIT Vs Taneja Developers and Infrastructure Ltd. (Delhi High Court) Tribunal was required to consider, was: whether penalty could be imposed on the assessee only because it had made a new claim [in line with the change in its accounting policy] in its fresh return? Admittedly, [and there is no dispute about it] AS-7 permitted […]...

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How to pay your Taxes under Income Tax Act, 1961

How to pay your taxes  Pay Direct taxes to the Government through the following two options 1. Online at NSDL e-Gov portal – mandatory for following categories a. Corporate assesses.  b. All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.  2. Offline – payment in ...

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IRDAI Penalises SBI General Insurance Company Ltd.

Ref. No:IRDA/NL/ORD/MISC/086/04/2021 15/04/2021

IRDAI Penalises SBI General Insurance Company Ltd. for Non-Compliance with minimum obligations under Motor Third Party business as specified in IRDAI (Obligation of Insurer in respect of Motor Third Party Insurance Business) Regulations, 2015 for the financial year 2017-18...

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Anti-dumping duty on imports of ‘Barium Carbonate’ to continue till 20.10.2021

Notification No. 22/2021-Customs (ADD) [G.S.R 264 (E)] 15/04/2021

Seeks to amend notification No. 14/2016-Customs (ADD), dated 21-04-2016, so as to extend the applicability of the said notification up to and inclusive of 20th October, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 22/2021-Customs (ADD) New Delhi, the 15th April, 2021 G.S.R 264 (E).- Whereas, the de...

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An Outline concerning FSSAI

-FSSAI Stands for “Food Safety and Standard Authority of India. FSSAI is an Independent organization under the Ministry of Health. -FSSAI Registration is mandatory for every individuals or entity that is eligible for an FSSAI food safety Registration or License. -For Ex. Gol gappa stall, fruits/vegetables vendors, snacks stall, Tea Stal...

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Draft Rules under section 16 (5) of OSH&WC Code, 2020

Notification No. G.S.R. 261(E) 15/04/2021

The following draft rules, which the Central Government proposes to make in exercise of powers conferred by Sections 16 (5) of the Occupational Safety, Health and Working Conditions Code, 2020 (37 of 2020) read with section 24 of General Clauses Act, 1897(10 of 1897), are hereby notified...

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HC Stays Show Cause Notice under Custom Act; Follows SC Judgment in Canon India

Gopal Gupta Vs Principal Additional Director General (Delhi High Court)

Gopal Gupta Vs Principal Additional Director General (Delhi High Court) 1. By this petition, the petitioner challenges the Show Cause Notice dated 26th September, 2019 issued to the petitioner subsequent to the arrest, search and seizure dated 24th April, 2019 and 25th April, 2019 as also seeks setting aside of the proceedings under Secti...

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Section 68 Addition for share capital/premium invalid if opportunity of cross-examination of witness not given

ACIT Vs El Dorado Biotech Pvt. Ltd. (ITAT Ahmedabad)

AO was duty bound to provide opportunity of cross-examination of witness, if he relied on statement of such witness to decide against assessee, particularly when it was demanded by assessee. Illegality crept in, the moment request for cross-examination was denied....

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