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Archive: 09 November 2022

Posts in 09 November 2022

Information gathered by TPO using authority u/s 133(6) should be provided to assessee

November 9, 2022 1752 Views 0 comment Print

ITAT Mumbai held that as TPO has gathered financial and functional details of the company by way of using his authority under section 133(6) of the Income Tax Act hence the same needs to provide all the gathered information to the assessee.

Application u/s 50 of Prevention of Money Laundering Act, 2002 is not maintainable before Magistrate

November 9, 2022 510 Views 0 comment Print

Karnataka High Court held that application filed u/s. 50 of Prevention of Money Laundering Act, 2002, seeking permission to record written statement of accused, is not maintainable before the learned Magistrate

Cabinet Approves Guidelines for Uplinking & Downlinking of Satellite Television Channels in India, 2022

November 9, 2022 1026 Views 0 comment Print

Consolidated Guidelines shall ease issue of permissions to the companies/ LLPs registered in India for Uplinking and Downlinking of TV Channels, setting up of Teleports/ Teleport Hubs, use of Digital Satellite News Gathering (DSNG)/ Satellite News Gathering (SNG)/ Electronic News Gathering (ENG) systems, uplinking by Indian News agencies and temporary uplinking of a live event.

Co-operative Housing society not eligible to claim ITC on receipt of works contract services

November 9, 2022 5568 Views 0 comment Print

AAR held that a co-operative housing society cannot claim ITC of GST paid to its appointed contractor for repairs, renovation and rehabilitation work carried out in society.

Indirect involvement liable for prosecution u/s. 3 of Prevention of Money Laundering Act, 2002

November 9, 2022 486 Views 0 comment Print

Madras High Court held that even if the accused was not involved in the criminal activity that generated the proceeds of crime, but, if he is involved in some way or the other with the proceeds of crime so generated, he would be liable to be prosecuted under Section 3 read with 4 of the Prevention of Money Laundering Act.

Agreement having strong root of matter cannot be brushed aside

November 9, 2022 573 Views 0 comment Print

ITAT Delhi held that the trade mark license agreement goes to the root of the matter and hence the same cannot be brushed aside while deciding the matter.

IBBI rescinds 11 Circulars with effect from 9th November, 2022

November 9, 2022 909 Views 0 comment Print

n IP is required to prominently state in all his communications, whether by way of public announcement or otherwise to a stakeholder or to an authority, his name, address, email, Registration Number etc.

Probate: Perspectives from the Indian Succession Act, 1925

November 9, 2022 11430 Views 2 comments Print

Learn about probate under the Indian Succession Act, 1925. Discover the scope, content, and limitations of probate in India.

Statutory due date for November 2022 month

November 9, 2022 2367 Views 0 comment Print

Stay compliant with the statutory due dates for November 2022. From TDS payment to filing ITR, know all the important deadlines.

HC allows amendment in GSTR-1 to rectify mistake of wrong GSTIN mentioned against invoices raised on purchaser

November 9, 2022 19461 Views 0 comment Print

Mahalaxmi Infra Contract Ltd. Vs Goods and Services Tax Council (Jharkhand High Court) In the instant case it appears that on account of an inadvertent error, the entry relating to Tax Invoice No. 01/2018- 19 dated 17th January 2019 could not be reflected in the GSTR-1 filed by the petitioner against the GSTIN of Eastern […]

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