Penalty under section 271(1)(c) was not leviable as mere making of a claim which was not sustainable in law, by itself, would not amount to furnishing inaccurate particulars regarding the income of assessee.
Show cause notice was not issued by the proper officer. Accordingly, duty demand fails. The proposal for confiscation of goods and imposition of penalty cannot be segregated from the duty demand and, therefore, if the duty demand fails as the show cause notice was not issued by the proper officer, the proceedings for confiscation and penalty cannot survive.
It is held that the petitioner assessee deductee is entitled to credit of the tax deducted at source with respect to amount of TDS for which Form No.16A issued by the employer deductor. Also held that the department is precluded from denying the benefit of the tax deducted at source by the employer during the relevant financial years to the petitioner.
Held that the retrospectivity of tax or its collection brought in by the Finance Act 16 of 2011 is not controlled by the validation clause in section 12 of that Kerala Value Added Tax Act, 2003.
The dispute in the present writ petition lies in a narrow compass and relates to the rejection of the petitioners claims for budgetary support under a ‘Scheme of Budgetary Support under Goods and Service Tax’ regime on the ground that the claims were made for the period prior to the GST registration which is impermissible.
Detailed compliance checklist for a Company w.r.t. Investor Education and Protection Fund (IEPF) BACKGROUND Investor Education and Protection Fund (IEPF) is a Fund established by the Central Government to pool all the unpaid / unclaimed amounts belonging to the Investors and remaining unpaid / unclaimed for 7 (seven) years. The Fund has been created for […]
Note on Section 13 of SARFAESI Act, 2002 ENFORCEMENT OF SECURITY INTEREST 1. any security interest created in favour of any secured creditor may be enforced, without the intervention of the court or tribunal, by such creditor. 2. When SARFAESI trigger: A. borrower, who is under a liability to a secured creditor B. under a […]
Some concerned people become company secretaries in their careers and have the right to seek information about them. In a good way, the company secretary should have the ability to communicate with people from various other departments in the organization to ensure that company practices are only legal and financially pleasing at the same time. […]
Trademark agents or attorneys are licensed verified professionals who offer comprehensive legal inquiries regarding trademark filings, registrations, and appeals. In order to maintain brand representation, it is important to clarify the checks that are accompanied by a trademark register, which are called brand representative checks. A company secretary receives the privilege of a brand agent […]
In the services rendered by the non-resident of procuring export order for the assessee, no knowledge has been provided to the assessee which could be exploited further by the assessee. In such circumstances, the services rendered by the non-resident cannot be held as ‘FTS’ under the India-France DTAA.
