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Archive: 21 August 2022

Posts in 21 August 2022

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6999 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Blending, bottling & packing not taxable under ‘Business Auxiliary Service’

August 21, 2022 2229 Views 0 comment Print

Commissioner of Central Excise & Service Tax Vs Hi-Tech Bottling Private Limited (CESTAT Kolkata) Held that the process of manufacture consisting of blending, bottling, and packaging of Indian-made foreign liquor is covered within the definition of manufacture and hence excluded from the purview of Business Auxiliary Service Facts- The assessee is engaged in carrying out […]

Sales tax & excise duty subsidy is capital receipts & not taxable

August 21, 2022 2121 Views 0 comment Print

ACIT Vs Genus Electrotech Limited (ITAT Delhi) Held that sales tax incentive subsidy and excise duty incentive are in the nature of capital receipts and thus not chargeable to tax as regular income as well as income u/s 115JB for computation of book profit. Facts- In the order u/s 154, AO noted that assessee had […]

Portfolio Management Services income taxable under ‘Capital gains’

August 21, 2022 6789 Views 0 comment Print

Portfolio Management Services earning should be assessed as ‘Capital gains’ and not as ‘Profit and gains of business or profession’.

Analysis of Companies (Incorporation) Third Amendment Rules, 2022

August 21, 2022 3936 Views 1 comment Print

Learn about the Analysis of Companies (Incorporation) Third Amendment Rules, 2022 and the impact on registered office verification.

Section 80IB: Date of application for completion certificate is relevant

August 21, 2022 1632 Views 0 comment Print

ITAT Held that if application is moved well in time for seeking completion certificate from the Municipal Corporation and delay in issuance of completion certificate is not attributable to the assessee. Then, date of application should be considered for claiming deduction u/s 80IB

Extended period not invocable in absence of deliberate suppression of facts

August 21, 2022 1875 Views 0 comment Print

Extended period of limitation cannot be invoked in absence of deliberate suppression of facts with intention to evade payment of duty

ICAI relaxation for provisionally registered students in Intermediate Course

August 21, 2022 1554 Views 0 comment Print

Relaxation for students registered provisionally till 31st July, 2022 in Intermediate Course through Direct Entry Route for appearing in May, 2023 Intermediate Examination.

Bank Guarantee Encashment before appeal filing period expiry is unjustified

August 21, 2022 1803 Views 0 comment Print

HC Held that authorities cannot encash Bank Guarantee given by Assessee before expiry of statutory period available for filing an appeal.

Key points related to Physical verification of Registered Office of company

August 21, 2022 3144 Views 0 comment Print

Learn the key points related to the physical verification of the registered office of a company. Understand the requirements and process as per the latest notification.

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