2 Archive - 05 February 2022

"05 February 2022" Archive

Couple arrested for GST Evasion of Rs 12.23 Crore

The officers of Anti Evasion wing of CGST Thane Commissionerate of Mumbai Zone have arrested a couple, for GST evasion of Rs. 12.23 Crore. Based on detailed data mining and data analysis, a Thane based firm M/s Datalink Consultancy was identified as suspicious entity and enquiry was initiated against this firm.  Investigation revealed th...

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Fake ITC: CGST Mumbai South smashes a network of fictitious firm

CGST Mumbai South smashes a network of fictitious firms which generated fake Input Tax Credit of Rs 49 crores Officers of CGST Mumbai South has smashed a network of fictitious firms which issued fake invoices of Bullion of around Rs. 1650 Crores and fake Input Tax Credit (ITC) of Rs. 49.7 Crores and was remanded […]...

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Govt criminalise illicit publication of Import and Export Data

The Finance Ministry has proposed a new section, 135AA, in the Customs Act vide Union Budget 2022-23. Proposed section 135AA of Customs Act, 1962 criminalise the illicit publication of personalised, transaction level information by private entities, which affects the competitive position of Indian businesses in international trade and c...

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Section 63 of Copyright Act is a cognizable offence, hence police can register FIR on receiving complain

Ani Technologies Private Limited Vs State of Karnataka (Karnataka High Court)

Ani Technologies Private Limited Vs State of Karnataka (Karnataka High Court) Facts- The petitioners are also known as Ola or Ola Cabs. The 2nd respondent is Lahari Recording Company, one of the music companies in India. The petitioners who run Ola cabs launched a feature in their cabs/taxis where television/display sets are fixed to the...

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Citations & Abbreviations In Legal Drafting

CITATIONS & ABBREVIATIONS IN DRAFTING This tip clarifies strives to give clarity on: A) How to read or quote citations; B) How to use abbreviations in the text of a legal document. 1. Citations: A legal citation is the practice of referring to the authoritative documents & sources. It is used for citing a reference […]...

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GST impact on transaction through E commerce Operator

GST impact on transaction through E commerce Operator Aatma Nirbhar Bharat is the vision of the Prime Minister of making India a self-reliant nation which has given boost to many of start-ups and thereby transaction through E commerce operator has also increase. We will understand in this article impact of GST on transaction through e-com...

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Recent developments in Income Tax act applicable to Charitable Trusts

Introduction Charitable organisations or non- profit organisations (NPOs) play an important role in society as the intent of these organisations is not to work with any profit motive. Income of these organisations is fully exempt from taxation subject to the fulfilment of certain conditions. One of such conditions is that such organisatio...

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India- Next China?

Modi government should learn strong lesson from the present dismal state of China where identical situation prevails like india of the most sorry state of common people facing high dose of inflation and growing joblessness because of fast pacing shutting down of many big and medium industries because of imposition of stringent embergo on ...

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Reason recorded are without application of mind if for similar reasons no addition been made in earlier Assessment Year

Rajdeep Marketing Private Limited Vs Income Tax Officer (Bombay High Court)

Rajdeep Marketing Private Limited Vs Income Tax Officer (Bombay High Court) HC observed that, If on identical reasons raised for Assessment Year 2012-­13 petitioner’s explanation has been accepted and no addition made, certainly on the same ground, we wonder how an allegation of escapement of income can be made for the subsequent Asses...

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HC cannot decide on Custom Duty Rate or value of goods for assessment

Sun Gems Vs Commissioner, CCE. and S.T. (Rajasthan High Court)

As per clause (b) of Section 130-E of the Act, an appeal shall lie to the Supreme Court against an order passed by the Appellate Tribunal which relates among other things to the determination of any question having relation to rate of duty of customs or to the value of goods for the purpose of assessment....

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