"26 December 2022" Archive - Page 6

Authorities can grant stay on deposit of amounts less than 20% of disputed demand

Dr B L Kapur Memorial Hospital Vs CIT (TDS) (Delhi High Court)

Dr B L Kapur Memorial Hospital Vs CIT (TDS) (Delhi High Court) HC Court is of the view that the requirement of payment of twenty per cent of disputed tax demand is not a pre-requisite for putting in abeyance recovery of demand pending first appeal in all cases. The said pre-condition of deposit of twenty […]...

Dismissal of Time-barred Appeal against GST Registration cancellation – HC allows to file new appeal

Prakash Purohit Vs Commissioner, Central Goods And Service Tax (Rajasthan High Court)

Prakash Purohit Vs Commissioner, Central Goods And Service Tax (Rajasthan High Court) It is not disputed that appeal against cancellation of the GST registration can be filed within three months which can be extended by a further period of 30 days. The petitioner filed the e-appeal on 27.09.2022 but could not submit the hard-copy. The [&h...

Section 53 of Benami Transactions (Prohibition) Amendment Act, 2016 is prospective

Rajesh Katyal Vs Income Tax Department (Delhi High Court)

Rajesh Katyal Vs Income Tax Department (Delhi High Court) Supreme Court in judgment of Ganpati Dealcom Pvt. Ltd. Held that offence under Section 53 of Benami Transactions (Prohibition) Amendment Act, 2016 is prospective and would only apply to those transactions which were entered into after amendment came into force i.e., 01st November, ...

Faceless Assessment/Appeal: CIT(A) cannot Hear Stay Applications

Dr. Thuruthiyath Suma Vs NFAC (Kerala High Court) 

Petitioner must file the stay petition before the National Faceless Appeal Centre and not before the jurisdictional Appellate Commissioner, who has no jurisdiction to hear the appeal/stay petition filed by the petitioner after the National Faceless Appeal Assessment/Appeal scheme came into force....

CBDT notifies Special Courts in Odisha under Black Money Act

Notification No. 127/2022-Income Tax, [S.O. 6066(E)] 26/12/2022

CBDT notifies Special Courts in Odisha vide Notification No. 127/2022-Income Tax | Dated: 26th December, 2022 under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (INVESTIGATION DIVISION-V) New Delhi Notification No. 127/202...

KVAT Act: Mistake in applying correct rate of tax can be rectified

Crescent Constructions Vs Deputy Commissioner of State Tax (WC) (Kerala High Court)

Crescent Constructions Vs Deputy Commissioner of State Tax (WC) (Kerala High Court) HC held that that Deputy Commissioner of State Tax has misdirected himself in law while deciding to reject the application for rectification on the ground that the petitioner produced the documents in support of the claim for lower rate of tax only along ...

Weekly newsletter from Chairman, CBIC dated 26.12.2022

DO No. 56/CH(IC)/2022 26/12/2022

Our work is vitalized by the law - be it Customs, GST, Central Excise, Narcotics or any of the other that we are enjoined to administer. While law is essentially prescriptive and its express wording is meant to circumscribe our actions as administrators...

How we can secure our Network against threats

Network security is essential to protecting your computer systems and data from malicious attacks and unauthorized access. Implementing the right security measures and protocols can help ensure your network is safe and secure. Additionally, staying up to date with the latest security trends, patches, and technologies is essential to keepi...

Posted Under: Income Tax |

IRDAI: Declaration of NAV on a quarter ending day, which is a holiday

IRDAI/F&I/INV/CIR/248/12/2022 27/12/2022

Attention is drawn to Para 2 and 3 of Schedule I to IRDAI Investment Regulations, 2016 and by virtue of the power conferred under Regulation 17 of IRDAI Investment Regulations, 2016...

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