Follow Us :

Archive: 08 December 2021

Posts in 08 December 2021

Minimum Area of one acre of land for Section 80IB (10)- HC explains

December 8, 2021 2829 Views 0 comment Print

PCIT Vs Karavali Housing (Karnataka High Court) Section 80IB (10) it is not the mandate of the Section that the housing project must be on a vacant plot of land having minimum area of one acre and that where a new housing project is constructed on a plot of land having minimum area of one […]

Mining and pseudo random number generator

December 8, 2021 2382 Views 1 comment Print

WHAT IS MINING? Mining is a process of validating new crypto transactions and generating new transactions(coins) in the crypto world by solving complex mathematical problems. People who are responsible to initiate these processes are known as miners. HOW MINING PROCESS IS DONE? With the growth in the crypto world, it has become a business for […]

Features of the new tax information portal launched by CBIC

December 8, 2021 2367 Views 0 comment Print

Introduction CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/.  With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner. Categories In this website, information under all categories such as […]

Analysis of SEBI (LODR) (Fifth Amendment) Regulations, 2021

December 8, 2021 6810 Views 0 comment Print

Amendments Related to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) vide SEBI (Listing Obligations And Disclosure Requirements) (Fifth Amendment) Regulations, 2021 SENBI has recently notified  SEBI (Listing Obligations And Disclosure Requirements) (Fifth Amendment) Regulations, 2021 vide Notification No. SEBI/LAD-NRO/GN/2021/47 Dated: 7th September 2021. Article explains Amendments Related to  […]

Section 130 of CGST Act contemplate release of goods on payment of fine in lieu of confiscation

December 8, 2021 24957 Views 0 comment Print

In present facts of the case, the Hon’ble High Court dismissed the Review Petition and  it was observed that the provisions of section 130 of the Act contemplate release of goods on payment of fine in lieu of confiscation at two stages (i) during the process of adjudication, under section 130(2) and, (ii) post-adjudication under section 130(3) of the Act.

CESTAT deletes Penalty for alleged Gold Smuggling imposed without proper investigation

December 8, 2021 882 Views 0 comment Print

Jaison James Vs Commissioner of Customs (CESTAT Chennai) The Revenue, having alleged one Salman as the mastermind, has not bothered to place anything on record, which has left innumerable doubts and questions unanswered, like the above. Penalty, therefore, cannot be imposed on surmises, assumptions and presumptions and there is not even any circumstantial evidence brought […]

Air Conditioner and its related Parts, Hermetic Compressors and Temperature Sensing Controls (Quality Control) Amendment Order, 2021

December 8, 2021 1353 Views 0 comment Print

This Order may be called the Air Conditioner and its related Parts, Hermetic Compressors and Temperature Sensing Controls (Quality Control) Amendment Order, 2021.

GST Evasion: Bail granted to person accused of wrongfully claiming ITC

December 8, 2021 1968 Views 0 comment Print

He further submitted that the applicant has not played any role in the present offence and has been falsely implicated by the department. He further submitted that this is not a case of applicant being bogus dealer, doing activity of passing fake invoices and fraudulent ITC.

HC allows SVLDR Scheme despite delay in payment subject to payment of Interest

December 8, 2021 4770 Views 0 comment Print

We are of the view that the appellant should be permitted to remit the taxes, as quantified in the Form-3 declaration issued to the appellant, subject to of course by also paying interest @ 15% from 01.07.2020 till the date of remittance, which we shall fix as on or before 17.09.2021. If the appellants comply with the said condition, then the appropriate authority under the SVLDR Scheme shall consider the appellant’s application and proceed in accordance with the provisions of the said Scheme.

More than 3 crore Income Tax Returns filed on new e-Filing portal

December 8, 2021 1029 Views 2 comments Print

More than 3 crore Income Tax Returns filed on new e-Filing portal of Income Tax Department; Taxpayers who are yet to file their ITRs for AY 2021-22 advised to file at the earliest More than 3 crore Income Tax Returns have now been filed on the new e-Filing portal of the Income Tax Department as […]

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031