Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digital asset as non-fungible token within the meaning of sub-clause (a) of clause (47A) of section 2 of the Act but shall not include a non-fungible token whose transfer results in transfer of ownership of underlying […]
Central Government hereby notifies following virtual digital assets which shall be excluded from the definition of virtual digital asset: (i) Gift card or vouchers, being a record that may be used to obtain goods or services or a discount on goods or services;
Amendment of Income Tax rule 31A and insertion of Form No. 26QF (Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange for the quarter) vide Notification No. 73/2022- Income Tax Dated 30th June, 2022. Notification below is updated with subsequent Corrigendum Notification […]
Ernst And Young U.S. LLP Vs ACIT (Delhi High Court) Court is of the view that the Petitioner-Assessee has a right to get adequate time in accordance with the Act to submit its reply. Section 148A(b) permits the Assessing Officer to suo moto provide up to thirty days period to an assessee to respond to […]
Gulam Deen Vs State of Punjab (Punjab & Haryana High Court) This Court has taken note of the judgements cited on behalf of the petitioners and also the fact that the girl in the instant case i.e. petitioner No.2 is aged more than 16 years. In the case of Yunus Khan vs. State of Haryana […]
Notification No. 57/2022-Customs (N.T.) Courier Imports and Exports (Electronic Declaration and Processing ), Amendment, Regulations, 2022 for facilitating E-commerce exports of jewellery MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 30th June, 2022 Notification No. 57/2022-Customs (N.T.) G.S.R. 485(E).—In exercise of the powers conferred by section 157 […]
Gopi Kishan S/o Shri Chagan Lal Vs State Of Rajasthan (Rajasthan High Court) The case of petitioner-Rani Dan, Advocate, when seen in light of the precedential backdrop, and more particularly when it is apparent on the face of the record that the role of the said petitioner, in the present case, was exercised only as […]
Notification No. 56/2022-Customs (N.T.) | Dated: 30th June, 2022 – Sea Cargo Manifest and Transhipment (First Amendment) Regulations, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 56/2022-Customs (N.T.) | Dated: 30th June, 2022 G.S.R. 483(E).—In exercise of the powers conferred by section 157, read with […]
Tariff Notification No. 55/2022-Custom (N.T.), Dated: 30.06.2022 on Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 30th June, 2022 Notification No. 55/2022-Custom (N.T.) S.O. 2960(E).—In exercise of the powers conferred by sub-section (2) […]
Notification No. 37/2022- Customs – Seeks to continue the exemption from Integrated Tax (IGST) and Compensation Cess on goods imported under AA/EPCG/EOU Schemes GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 37/2022- Customs New Delhi, the 30th June, 2022 G.S.R. 501(E).- In exercise of the powers conferred by sub-section (1) of section […]
