Banswara Syntex Ltd. Commissioner of Central Goods & Service Tax,(CESTAT Delhi) The appellant applied or refund of the pre-deposit amount of Rs.75,63,721/-, which was allowed vide order-in-original dated 3.9.2015. However, refund of Rs.33,69,417/- was allowed in cash and balance amount of Rs.41,94,304/- allowed by way of cenvat credit. Order of Commissioner (Appeals)/(Audit) dated 9.3.2018 is […]
Joint Representation Letter of CA’s in Thanjavur, Thiruvarur, Nagapattinam, Mayiladuthurai and Cuddalore Districts. CAs wrote to FM on the difficulties faced while using the new Income-tax e-filing portal and Request for waiver of late filing fees, penalties, interest, etc.,
Commissioner of Customs Vs B. Dhananjayan (CESTAT Chennai) For violation of Customs Brokers Licensing Regulations the agent is not an inspector, but rather a processing agent of documents with respect to clearance of goods through Customs House; that the mentioning of IE Code of the exporter in the shipping bill would itself reflect that before […]
‘Annual Information Statement’ is a new statement recently introduced by the Income Tax Department. ‘Annual Information Statement’ is prepared on the basis of various information grabbed by the department from different returns/ sources like TDS/ TCS, SFT etc. The present article explains one of the information categories, namely, ‘Balance in account’ as covered under ‘Annual […]
Vinayak K Deshpande Vs Nexo Industries P Ltd (NCLAT Chennai) In view of the fact that the Settlement Agreement has been entered into between the parties and based on the said Agreement, the subject matter is issue is resolved between the parties, as informed by the Learned Counsels appearing for the parties, this ‘Tribunal’, dismisses […]
RUPEE DENOMINATED BONDS OR MASALA BONDS A business may gets its funding either from the owner’s equity or borrowed capital. When funds are borrowed from outside India from specified foreign sources it is called External Commercial Borrowings(ECB). It is an additional source of fund with lower rate of interest than domestic market and may be […]
Randox Laboratories India Private Limited Vs ACIT (ITAT Bangalore) The facts on record reveal that the Transfer Pricing Officer under a misconception that the assessee has undertaken manufacturing activity has rejected RPM. Learned DRP has also not examined the facts in proper perspective. Rather, learned DRP has recorded an erroneous finding by stating that in […]
All Private Offices shall be closed, except those which are falling under the ‘Exempted Category as prescribed in DDMA’s GRAP Order No. 460 dated 08.08.2021. The practice of work from home shall be followed.
The new ‘Annual Information Statement’ shows/ reflects the complete picture of the financial details, of the taxpayer, which are available with the income tax department from different sources. ‘Annual Information Statement’ covers wider details as compared to Form 26AS. Notably, once the ‘Annual Information Statement’ is completely operational and validated, the same will replace the […]
कोविड के बढ़ते मामलों और तीसरी लहर की गति से ये बात तो तय है कि स्वस्थ भारत ही विकास की नींव है. जो देश महामारी का मुकाबला करते हुए आगे बढ़ेगा वही जीडीपी में सबसे आगे होगा. इस बजट में उम्मीद है कि वित्त मंत्री न केवल स्वास्थ्य क्षेत्र के लिए ज्यादा बजटीय आवंटन […]
