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Archive: 26 December 2022

Posts in 26 December 2022

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3834 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3480 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Fraud by Pretending as ITO – HC grant bail to accused

December 26, 2022 909 Views 0 comment Print

As per prosecution case, some unknown persons entered into the house of the informant and told that they are Income Tax Officials and thereafter they started searching his house. The accused persons took away rupees twenty lacs alongwith gold jwellery.

Service tax amount not routed via P&L doesn’t attract provisions of section 43B

December 26, 2022 3417 Views 0 comment Print

ITAT Delhi held that as service tax amount is not routed through P&L account, the provisions of section 43B of the Income Tax Act are not applicable to the service tax liability.

Rejection of deduction claimed u/s 80JJAA on mere technical defect is unsustainable

December 26, 2022 3738 Views 0 comment Print

ITAT Kolkata held that rejection of deduction claimed under section 80JJAA of the Income Tax Act on the basis of minor technical defect is unsustainable. Moreover, audit report has given complete clarity of the deduction.

No service tax on commission received from foreign entity in convertible foreign exchange

December 26, 2022 2214 Views 0 comment Print

J M Huber India Pvt Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad) Commission Agent Service provided to foreign based entity for promoting/marketing their goods in India on consideration the activity of the Indian agent providing promotion/marketing, technical support, installation, commission, etc. for sale of goods of foreign based entities in India on commission basis amounts […]

Rejection of claim of input tax credit on cryptic finding is untenable

December 26, 2022 1743 Views 0 comment Print

Allahabad High Court held that rejection of claim of input tax credit on cryptic findings cannot be sustained. Accordingly, matter remanded to first Appellate Authority to record specific finding.

Service Tax Refund admissible on Pipeline installed partly in SEZ partly outside

December 26, 2022 726 Views 0 comment Print

Trenching pipeline installed partly in SEZ and partly outside but for use in operation of the SEZ is admissible and the refund of the same is clearly admissible.

Reassessment Notice issued without following section 148A Provision is invalid

December 26, 2022 1941 Views 0 comment Print

HC held that it is clear that there is no record to suggest that the procedure contemplated u/s 148A of the Act were followed before issuing notice under Section 148

HC quashed section 148 notice for AY 2013-14 issued after six years

December 26, 2022 6246 Views 0 comment Print

Notice under Section 148 of the Act pertaining to the Assessment Year (AY) 2013-14 was issued on 30th March 2021, i.e., prior to 1st April 2021. Also, it was beyond the period of six years after the expiry of the AY in question

HC allows transition of CENVAT Credit by Input Service Distributor (ISD)

December 26, 2022 3501 Views 0 comment Print

Explore Apar Industries vs Union of India case in Bombay High Court. Petition on transition and distribution of CENVAT Credit. Key details and court directives.

Major Recommendation of 48th GST Council Meeting

December 26, 2022 3282 Views 1 comment Print

GST Council held its 48th GST Council Meeting at New Delhi via virtual mode on 17th Dec 2022 which was chaired by Finance Minister Nirmala Sitharaman. What was the agenda of the meeting?

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