Ld. FAA was correct in following the ratio laid by Hon’ble Calcutta High Court in Jatia Investment Co. Ltd. V. CIT(1994) 206 ITR 718 (Cal), that fictitious entry not backed up by funds may not be taxable as Cash Credit.
This writ petition has been filed seeking a writ of mandamus declaring the making, releasing and telecasting certain objectionable scenes in the film The Kashmir Movie i.e. The Kashmir Files showing mass murders of Kashmiri Pandits by Muslims and exodus of some Kashmiri Pandits during the Kashmir Insurgency causing hurt to the religious sentiments of several Muslims around the world as illegal and arbitrary.
CA. Manisha Mehta Vs The Board of Directors of Represented by its Managing Director of ICICI Bank and ors. (Bombay High Court) The main prayer of the petitioners is for a declaration that natural justice should be read into section 14 of the SARFAESI Act. The SARFAESI Act is intended to facilitate quick recovery of […]
(1) This Order may be called the Fertiliser (Inorganic, Organic or Mixed) (Control) Second Amendment Order, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.
CBDT notifies infrastructure debt fund namely, the ‘the Kotak Infrastructure Debt Fund Limited (PAN : AAACK5920G)’ for the purposes of clause (47) of section 10 of Income-tax Act, 1961 vide Notification No. 22/2022- Income Tax | Dated: 31st March, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 22/2022- […]
Section 70 and 71 mandate that the income disclosed in VDIS shall not be included income under section 139 means income which had already been disclosed and that assessment is not liable to be reopened.
Notification No. 11/2022-Customs (ADD) – Seeks to extend the levy of ADD on jute products originating in or exported from Nepal and Bangladesh MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 11/2022-Customs (ADD) | Dated: 31st March, 2022 G.S.R. 246(E).—Whereas, the designated authority vide initiation notification No. 7/9/2021-DGTR dated 28th June, 2021, published in […]
Indo Tooling Pvt. Ltd. Vs Commissioner, Central Goods and Service Tax (CESTAT Delhi) CESTAT finds that payment of service tax including the cess relating to the period prior to 30.06.2017, paid in the year 2018 during the GST regime, amounts to payment in accordance with law as the same has been paid on the insistence […]
NPS/APY Functionalities released by CRAs during Quarter III (FY 2021-22) includes New Subscriber Registration Form(SRF) – Changes in PoP Online Module, New SRF -Changes in API, Information on contact details of ASPs in CRA’ s Annuity Calculator, Changes in subscriber login LTI/UX and Option to reset password/ regenerate password for Nodal Office users. PENSION FUND REGULATORY […]
The law assists those who are vigilant, not those who sleep over their rights. This principle is embodied in the dictum : vigilantibus non dormientibus jura subveniunt. The delay cannot be condoned simply because the assessee’s case is hard and calls for sympathy or merely out of benevolence to the party seeking relief in granting the indulgence and to the party seeking relief.
