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Archive: 02 August 2021

Posts in 02 August 2021

Initiation of Anti-dumping investigation on import of ATS-8 from China

August 2, 2021 1407 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 2nd August, 2021 (Case No. AD-OI-11/2021) Subject : Initiation of Anti-dumping investigation concerning imports of “(4R-Cis)-1, 1-Dimethylethyl-6-cyanomethyl-2, 2-dimethyl-1, 3-dioxane-4-acetate also known as ATS-8” originating in or exported from China PR. No- 6/11/2021-DGTR.— 1. An application has been […]

The Tribunals Reforms Bill, 2021 introduced in Lok Sabha

August 2, 2021 1740 Views 0 comment Print

The Tribunals Reforms Bill, 2021 is introduced in Lok Sabha on 02/08/2021. The Tribunals Reforms Bill, 2021 inter alia provides for— (i) uniform terms and conditions of service for Chairperson and Members of various tribunals, including the following, namely:— (a) Search-cum-Selection Committee for tribunals other than State Administrative Tribunals to be headed by the Chief […]

Regular Vs. Slump Sale: Assessee cannot be allowed to take shifting stands

August 2, 2021 1041 Views 0 comment Print

Emil Pharmaceutical Industries Private Limited Vs DCIT (ITAT Mumbai) In this case learned CIT(A) has noted that the assessee has not produced supporting documents such as the list of employees at the time of the sale, electricity bills and other details necessary to establish the existence of an undertaking in a continuous business. Furthermore, we […]

A person cannot be treated as Trustee merely on the ground that he is supervising substantial activities of Trust

August 2, 2021 1284 Views 0 comment Print

ITO Vs The Inclen Trust International (ITAT Delhi) AO made an addition of Rs.37,19,000/- being the excessive remuneration paid to Dr. N.K. Arora. On the one hand, he is being considered a specified person as a de facto trustee and on the other hand, he is being admitted as working under the trust and his […]

Examine Form No 15G/15H of depositor to whom Interest is paid- ITAT directs AO

August 2, 2021 873 Views 0 comment Print

Canara Bank Vs DCIT (ITAT Delhi) The fact of this case clearly shows that original order passed u/s 201(1) and 201(1A) of the Act on 24.03.2014 where the Assessee was found to be an assessee in default and also charged interest thereon comprising all the above sum. The appeal before the ld CIT(A) was filed […]

HC stays section 148 notice issued without complying section 148A

August 2, 2021 3363 Views 0 comment Print

Bhagwati Prasad Jalan Vs  Union Of India And Ors. (Calcutta High Court) The learned Advocate for the respondents is not able to deny the allegations of the petitioners that Section 148A provisions of the Income Tax Act, 1961 was not complied with in this case before issuing notice under Section 148 of the said Act and […]

No NCCD leviable on hydrocarbons for not being marketable

August 2, 2021 804 Views 0 comment Print

The Appellants contended that the mixture manufactured by the Respondents is Natural Gas Liquid (NGL) in contrast to which the Respondents submitted that the above is rather gas condensate on which NCCD should not be levied.

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