"04 November 2021" Archive

Annual Information Statement (AIS) – Diwali Gifts to Taxpayers

Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer Information Summary (TIS) is an information category wise information summary for a taxpayer....

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Posted Under: Income Tax |

Writ petition not maintainable in presence of Statutory Alternative Remedy

Sony Sales Corporation Vs State of Maharashtra &

Sony Sales Corporation Vs State of Maharashtra & Anr. (Bombay High Court) Order of Sales Taxes Officer challenged via writ petition – complete hierarchy of appellate authority/ court is provided under MVAT Act – writ petition not entertained. Facts- An order passed by the Sales Taxes Officer was challenged in via writ petition. Ma...

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Customs: Not providing option to pay fine in lieu of confiscation U/s. 125 not sustainable

Sherly Sany Vs C.C, Cochin (CESTAT Bangalore)

Sherly Sany Vs C.C, Cochin (CESTAT Bangalore) It is arbitrary not to give option to pay fine in lieu of confiscation to the person in possession of Gold While quashing an order of the customs authorities, CESTAT, Bangalore held that the order of confiscation without offering an option to pay fine to the person in […]...

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Bail granted to person accused of availing ITC fraudulently

Krishan Lal Chopra Vs Director General of GST Intelligence (Punjab and Haryana High Court)

Krishan Lal Chopra Vs Director General of GST Intelligence (Punjab and Haryana High Court) Prayer in this petition is for grant of regular bail to the petitioner for the offence committed under Section 132 (1)(c) of CGST Act, 2017 read with Section 20 (xv) of IGST Act, 2017. While granting interim bail to the petitioner, […]...

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The debt trap spreads during the festive season

त्योहारी मौसम में महंगाई और बेरोजगारी की मार तो पहले से है, अब लोन का जाल फैलाया जा रहा है: प्रचार के माध्यमों से जोर शोर से बताया जा ...

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Posted Under: Income Tax |

Gold hidden in foot band worn for medical purpose cannot be treated as ‘personal effects’

Nizar Moulavi Abdul Khader Vs Commissioner of Customs (CESTAT Bangalore)

Nizar Moulavi Abdul Khader Vs Commissioner of Customs Mangalore (CESTAT Bangalore) Order-in-Original records a finding that gold was found in the foot band worn for medical purpose on both the feet of the appellant, well hidden/covered with black socks, shoes put over them. This is claimed as having been found on the ‘person of the ...

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No Service Tax on recruiting Students to Foreign Universities by IDP India for IDP Australia

IDP Education India Private Limited Vs Additional Director General of Central Excise (CESTAT Delhi)

IDP Education India Private Limited Vs Additional Director General of Central Excise (CESTAT Delhi) It is undisputed that the appellant has an agreement only with IDP Australia. The appellant recruits or facilitates students in India, but does not get any remuneration from Australian universities. For the students who are recruited or adm...

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Capital subsidy liable to be excluded from computation of book profit

Sunrise Biscuit Co. Pvt. Ltd. Vs ITO (ITAT Gauhati)

Sunrise Biscuit Co. Pvt. Ltd. Vs ITO (ITAT Gauhati) VAT subsidy received by the Assessee – subsidy received for substantial expansion of the undertaking – subsidy is capital in nature – capital subsidy liable to be excluded from the computation of books profit Facts- The assessee has received subsidy of INR 8,78,84,902/- from the In...

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TDS under GST applicable if services not exempt from GST

In re Tukaram Pundalik Borade (GST AAR Maharashtra)

In re Tukaram Pundalik Borade (GST AAR Maharashtra) The applicant has submitted that the Samaj kalyan Vibhag of the Government of Maharashtra has taken the immovable property on rent from the applicant to house the girls from the backward class communities which can be considered as a welfare measure undertaken by the Government for the [...

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RERA registration of Project intended to be given for Lease or free hold?

Whether the Project intended to given for Lease hold or free hold requires RERA registration ? – Penalty Charged by GUJ RERA Introduction It’s a known fact that RERA registration is applicable for the Projects if the area of land proposed to be developed does exceeds five hundred square meters or the number of apartments […]...

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Posted Under: Income Tax |

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