ITAT Ahmedabad held that as per provisions of section 151(1) of the Income Tax Act reopening of assessment beyond four years period needs sanction from either Principal Chief Commissioner/ Chief Commissioner/ Principal Commissioner or Commissioner. However, sanction from Joint Commissioner in the present case makes the entire reopening proceedings bad in law.
ITAT Delhi held that where two views are possible and AO adopted the one which Commissioner doesn’t agree then in such case revision under section 263 of the Income Tax Act not permissible for mere difference of view.
CESTAT Mumbai held that notification no. 27/2012/CE (NT) dated 18th June 2012 for operationalizing of rule 5 of CENVAT Credit Rules, 2004 include debiting of the claim amount before submission of application for the same. Refund rejected for failure to furnish proof of the availability of credit till the date of write off.
Imposition of Rs. 20 Lakh Penalty for Non-Appointment of Company Secretary (CS) Section 203 of the Company Act of 2013, as amended by Rule 8 Companies (Appointment and Remuneration of Managerial Personnel) Rule of 2014, mandates that certain classes of companies must appoint key personnel, including a Managing Director, Chief Executive Officer or Manager, a […]
In re Principal Commissioner of Central Tax Vs Universal Print Systems (GST AAAR Andhra Pradesh) Whether printing of Pre examination items like question papers, OMR sheets (Optical Mark Reading), Answer booklets for conducting of an examination by the educational boards be treated as exempted supply of service in terms of Serial Number 66 of Notification NO.12/2017-CGST[Rate] […]
Know about Startup India Seed Fund Scheme to boost startups in India. Get eligible information and the amount of funding you can receive.
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Facing issues with GST registration? Learn about rejected applications or cancellations, including related provisions and key judgments. Use these insights to navigate the process effectively.
Learn about Microfinance Company Registration in India. Explore the two types: NBFC-MFI and Section 8 microfinance company. Understand the process, requirements, and exemptions. Start your legal finance business with ease.
SEBI Consultation paper on strengthening Investor Grievance Redressal Mechanism in Indian Securities Market by harnessing Online Dispute Resolution mechanisms
