Case No. SSR AD – 03/2021 Sunset Review of anti-dumping investigation concerning imports of Viscose Staple Fibre originating in or exported from China PR and Indonesia.
Piramal Enterprises Limited Vs Additional/joint/Deputy/Assistant CIT/ITO National e-Assessment Centre (Bombay High Court) The HC declared that assessment for AY 2017-18 made u/s 143(3) vide order dated 22.4.2021 was non est u/s 144B(9) of the Income Tax Act, 1961 for not adhering the procedure laid down u/s 144B(1) and u/s 144B(7/(vii) of the Act and holding […]
CIT Vs L & T Transportation Infrastructure Ltd. (Madras High Court) It is well-settled that there cannot be two owners of the property simultaneously and int he same sense of the term. The intention of the Legislature in enacting Section 32 of the Act would be best fulfilled by allowing deduction in respect of depreciation […]
The long- awaited access for centralized payment systems by non-banks from RBI have since been made available by RBI vide its instructions contained in its website as per details given below: Access for Non-banks to Centralised Payment Systems I am happy to get the details for implementation by interested non-banks who are willing to get […]
Ministry of Food Processing Industries (MoFPI) is implementing a Central Sector scheme- PRADHAN MANTRI KISAN SAMPADA YOJANA (PMKSY) for overall growth and development of food processing sector including augmenting the preservation and processing capacity in the sector with off farm employment generation across the country.
As the Goods and Services Tax (GST) regime completed its fourth year on 1 July 2021, there are still issues that plagues several industrial sectors in India. Industry bodies were set to raise several issues with the Government in relation to GST compliances, legislation, and administration ahead of the fourth anniversary of the indirect tax […]
GST has completed four years and during this four year we have seen many complex issues such as inverted duty structure, 2-2A reconciliation, GST Audit, Investigation etc. While facing all such issues one should be sound with basic concept of ITC while dealing with the authorities. Let us revisit basic concept of input tax credit. […]
What is Strike Off. Strike Off simply means the closing of the company at the desire of Shareholders and Management. There is no perfect definition in the Company Law on Strike Off. The provisions of strike off is governed under under sub-section (2) of section 248 along with ‘The Companies (Removal of Name of Companies […]
Where the taxpayer is living in his or her own house or, if one does not pay rent for one’s accommodation, then the HRA is fully taxable (i.e., the individual cannot claim the HRA exemption according to Section 10(13A)
1. Notification No.29/2021 – Central Tax Dt.30.07.2021 has been issued appointing 01.08.2021 as the date on which the provisions of Sections 110 and 111 of the Finance Act, 2021 shall come into force. 2. Section 110 and 111 of the Finance Act, 2021 are reproduced hereunder – 110. In section 35 of the Central Goods […]
