"06 December 2022" Archive

Applicability of GST on export of pre-packaged and labelled rice upto 25 kg

After issue of GST notification no. 6/2022 dated 13th July, 2022, there was a doubt that whether pre-packaged and labelled rice upto 25 KG can be exported with payment of IGST. The answer to question has been duly given by Haryana Authority for advance Ruing vide its order dated 02.12.2022. Main extract of the advance […]...

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Representation on delay in processing of Section 119(2)(b) applications

Representation on delay in processing of applications filed under Section 119(2)(b) of the Income-tax Act, 1961 and recommendation to introduce online measures...

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MCA imposes penalty on Company for not affixing sign board at Registered Office

Notification No. ROC/Pat/Inspn./54521/S-12/2219 06/12/2022

Government of India Ministry Of Corporate Affairs Office of the Registrar of Companies, Bihar-Cum-Official Liquidator, High Court, Patna 4th Floor, ‘A’ Wing, Maurya Lok Complex Dakbunglow Road, Patna-800001 No.: ROC/Pat/Inspn./54521/S-12/2219 Dated: 06.12.2022 Order for penalty for violation of Section 12(3)(a) of the Compani...

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Revised Instruction for withholding of Refund u/s 241A in Scrutiny cases

Instruction No. 07 of 2022-Income Tax 06/12/2022

Instruction No. 07 of 2022 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F.No.: DGIT(Systems)-1/Instruction/241A/2022-23 Dated: 06.12.2022 To All Principal Chief Commissioners of Income Tax/CCsIT All Principal Director Generals of Income Tax /DGsIT All Principal Commissioners o...

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Foreign tax credit cannot be denied for mere delay in filing Form No. 67

Nirmala Murli Relwani Vs ADIT (ITAT Mumbai)

ITAT Mumbai held that mere delay in filing Form No. 67 as per the provisions of Rule 128(9) will not preclude the assesses from claiming the benefit of foreign tax credit in respect of tax paid outside India....

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Bullion Exchange & Bullion Clearing Corporation to comply with conditions specified by IFSCA

Notification No. No. 329/IFSCA/Bullion MIIs/2021-22 06/12/2022

The Bullion Exchange and Bullion Clearing Corporation shall comply with conditions specified by IFSCA from time to time....

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Issuance of order u/s 148 without granting opportunity of personal hearing is untenable

K . Viswanath Vs DCIT (Kerala High Court)

Kerala High Court held that before proceeding to issuance of notice u/s 148 of the Income Tax Act, the procedure contemplated u/s 148A needs to be complied. Matter remanded as opportunity for personal hearing not afforded before issuance of order....

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Delay in filing of appeal not justified as notice and order duly communicated

Yash Krishi Seva Kendra Vs State of Madhya Pradesh (Madhya Pradesh High Court)

Madhya Pradesh High Court held that show cause notice and order of cancellation of registration duly communicated to the registered person. Hence, filing of belated appeal under section 107 of the GST Act is not condonable....

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Scheme of amalgamation allowed as net worth of transferor and transferee company is highly positive

Lasa Supergenerics Limited Vs Harishree Aromatics & Chemicals Private Limited (NCLAT Delhi)

NCLAT Delhi held that application for sanctioning a scheme of Amalgamation is allowed as Net Worth Of Transferor & Transferee Company is highly positive and accordingly it shall be presumed that the secured creditors has no objection to the amalgamation....

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Land Owner – Promoter under RERA Act 2016

The real estate sector plays an important role in fulfilling the need and demand for housing and infrastructure in the country. Real estate Industry contributes the 2nd highest GDP to the country next to agriculture. One of the highest tax contributors to the nation. It employs a large number of skilled, unskilled resources. While this [&...

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January 2023