"22 April 2021" Archive

15% NOT 24% interest Payable when Service Tax was not collected

Bala Ji Manpower Services Vs. Union of India & others (High Court Of Punjab & Haryana)

Bala Ji Manpower Services Vs. Union of India & others (High Court Of Punjab & Haryana) The only question that requires adjudication is at what rate petitioner is liable to pay interest i.e. 15% or 24%. Admittedly, the petitioner firm started its service after completing registration formalities in July, 2011 and the respondents ha...

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Not to use Power of CrPC Section 482 to undermine statutory dictate U/s. 14 & 17 of IBC: SC

Sandeep Khaitan Resolution Professional for National Plywood Industries Ltd Vs JSVM Plywood Industries Ltd. (Supreme Court of India)

The power under Section 482 of the Code of Criminal Procedure may not be available to the Court to countenance the breach of a statuary provision under Sections 14 and 17 of the Insolvency and Bankruptcy Code (IBC)....

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Maharashtra VAT assessments – Denial of Set-off denied and Addition to turnover in an arbitrary way – Need for revamp of assessment procedure

Maharashtra VAT assessments – Denial of Set-off denied and Addition to turnover in an arbitrary way – Need for revamp of assessment procedure 1. The procedure followed in VAT assessments under Maharashtra VAT Act has been putting the dealers to severe hardship, so far as it relates to denial of set-off and addition to turnover [&helli...

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Posted Under: Service Tax |

ITAT allows loss due to Forfeiture of amount paid against Land Purchase

ACIT Vs K.B. Developers (ITAT Kolkata)

ACIT Vs K.B. Developers (ITAT Kolkata) Sole ground on which the disallowance is made is that the assessee had entered into these agreements, without making solid provisions to raise funds by due dates and hence it does not make any sense for a firm engaged in commercial venture to enter into these agreements. He drew […]...

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ICSI Plasma Bank: An Initiative To Gift Life

In view of the challenges posed by the pandemic and given the rising numbers, Plasma donation and blood donation are critically important activities that contribute to saving lives in such a scenario. Given the few unique solutions and cures available, Plasma donated will be used to create therapies that would provide apt treatment in the...

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Posted Under: Service Tax |

Snapshot of Various Time Limit Prior & after Finance Act 2021

Snapshot of Various Time Limit Prior to Finance Act 2021 and After Finance Act 2021 Finance Act 2021, has brought a series of amendment in the Income Tax Act 1961 making it simple and assessee friendly. With the advancement in technology and introduction of Faceless Assessment, various proceedings under the Act is getting streamlined and ...

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Posted Under: Service Tax |

Benefits of Meditation for Students

Meditation is a spiritual practice which helps one to achieve a state of peace. It is used to their advantage not only by spiritual seekers but also by everyone. Working with the mind through meditation leads to an increased sense of presence, serenity, mindfulness and an increase in cherished human qualities such as empathy and […...

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Posted Under: Service Tax |

COVID AND AFTER

Nobody expected Covid-19 to take an aggressive u-turn as is being witnessed now. Today, the daily new cases in India are past 3 lakh which is perhaps the highest in the world. The lock downs are back again in most parts of the country with complete lock down in few states. The shops and businesses […]...

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Posted Under: Service Tax |

DTAA exemption cannot be denied merely for non availability of TRC

Ranjit Kumar Vuppu Vs ITO (ITAT Hyderabad)

Ranjit Kumar Vuppu Vs ITO (ITAT Hyderabad) FULL TEXT OF THE ORDER OF ITAT HYDERABAD This is assessee’s appeal for the A.Y 2014-15 against the order of the CIT (A)-10, Hyderabad, dated 14.07.2020. 2. Brief facts of the case are that the assessee, a Non-resident individual, filed his return of income for the A.Y 2014-15 […]...

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HC directs Center to ensure adequate security for lorries transporting oxygen

Rakesh Malhotra Vs Government of National Capital Territory of India and Ors (Delhi High Court)

Rakesh Malhotra Vs Government of National Capital Territory of India and Ors (Delhi High Court) 1. Last night, we had passed the order in W.P .(C) No. 4970/2021 on the assurance given by the learned Solicitor General, that Delhi would be provided with Medical Oxygen as per its allocation made on 21.04.2021 —with effect from […]...

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