"16 April 2021" Archive - Page 3

Delhi HC Permits Service of Notice & Summons via Whatsapp/Email/Fax Amid Covid 19

Notification No: 7757-X/PSA/R&D/DHC 16/04/2021

Till further orders, all documents/ not summons/Daks through physical mode be dispensed with, except where there, is a specific order to that effect by the Hon'ble Court, and that such service be instead permitted to be effected through e-mail/fax/whatsapp....

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Proper officer detaining or seizing goods or conveyances shall issue a notice specifying tax & penalty payable

Fawas Associated Agencies Vs Assistant State Tax Officer (Kerala High Court)

Fawas Associated Agencies Vs Assistant State Tax Officer (Kerala High Court) On a plain and simple reading of the provisions of the Act, sub-section (3) of Section 129 envisages that the proper officer detaining or seizing goods or conveyances shall issue a notice specifying the tax and penalty payable and thereafter, pass an order for [&...

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VAT Assessment order cannon be passed on mere Presumptions

S.R. Paramasivam Vs Commercial Tax officer (Madras High Court)

The Assessing Officer rejected the reply filed by the appellant by holding that there was no opening and closing stock of goods and all the goods were purchased as sold out during the assessment year. Further, the Trading, Profit and Loss Account disclosed gross loss and had the dealer sold all the goods purchased with a marginal increase...

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No Section 153C addition in case no incriminating material found

ACIT Vs Himalaya Darshan Developers (Gujarat) Pvt. Ltd. (ITAT Ahmedabad)

ACIT Vs Himalaya Darshan Developers (Gujarat) Pvt. Ltd. (ITAT Ahmedabad) The question that arises for our adjudication whether the document in the form of tally and balance sheet found during the course of search is an incriminating document in nature. In our considered view such document are not an incriminating material, as such those d...

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All stake holders are treading in new GST regime with uncertainties: HC

H.R. Enterprises Vs State Of Rajasthan (Rajasthan High Court)

H.R. Enterprises Vs State Of Rajasthan (Rajasthan High Court at Jodhpur) High Court observed that The assessees and the authorities under CGST/SGST/IGST are giving their own interpretation of the provisions of the Act relating to Goods in Transit. All stake holders are treading in the new GST regime with uncertainties as the path is compa...

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Extension of ad-hoc appointment of 174 officers to JCIT grade

Office Order No. 103 of 2021 16/04/2021

Office Order No.103 of 2021 [Extension of ad-hoc appointment to the grade of JCIT from 01.01.2021 to 31.12.2021 or till these officers are appointed to the grade of JCIT on regular basis, whichever is earlier] F. No. A-3201211212019-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes} ***** N...

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Justice delayed – Justice denied – Another possible case

1. Section 26 of Maharashtra VAT Act (MVAT Act) was amended by the State Legislature on 15 April 2017, by which condition of pre-deposit of certain percentage of disputed tax amount at the time of filing 1st and 2nd appeals was introduced. 2. Sub-sections (6A), (6B) and (6C) to Section 26 read as under: “26. […]...

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Posted Under: Corporate Law |

No Section 271AAA penalty on ad-hoc addition based on average GP rate

Ace Steel Fab (P) Ltd. Vs DCIT (ITAT Delhi)

M/s Ace Steel Fab (P) Ltd. Vs DCIT (ITAT Delhi)  In the present appeal, the only addition made in the income was of Rs.11,52,300/- on account of estimation of Gross Profit @ 68%. It is the contention of the assessee that the discrepancy in stock was due to malfunction in the ERP software. Though, this […]...

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HC denies Bail to CA in alleged fake GST invoice case

Arvind Kumar Munka Vs Union of India (Calcutta High Court)

Arvind Kumar Munka Vs Union of India (Calcutta High Court) The petitioner as I have been found in the earlier order that he is a Chartered Accountant by profession and with the similar contention he has averred that he is no way connected with the instant case. The petitioner has been arraigned as an accused […]...

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IRDAI fines ‘Liberty General Insurance Limited’ for violating MISP Guidelines

Ref: IRDA/NL/ORD/MISC/91/04/2021 16/04/2021

Insurance Regulatory And Development Authority of India  Ref: IRDA/NL/ORD/MISC/91/04/2021 Order in the matter of M/s Liberty General Insurance Limited. Based on the (i) Show Cause Notice (SCN) reference no. IRDAI/NL/Liberty/ SCN/207/2020-21 dated 29th September, 2020 in connection with onsite inspection by Insurance Regulatory and Develo...

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