CESTAT Ahmedabad held that the assessment in real sense takes place at the time of ex-bonding of the warehouse goods. Therefore, the effect of rate of duty, any exemption notification prevailing at the time of filing the ex-bond bill of entry shall be applicable and not the one which is applicable at the of in-bonding of the good.
ITAT Mumbai held that reopening of assessment alleging that assessee has failed to provide fully and truly all material facts necessary for his assessment is bad in law as details already made available to AO during the course of scrutiny assessment proceedings.
Gujarat High Court held that due to zero supply it was believed that GST return is not required to be filed. Further, the consultant also didn’t advise the petitioner correctly. Accordingly, order of cancellation of GST registration on account of non-filing of GST return was quashed
Learn the intricacies of IND AS 16 – Capitalization of Plant & Depreciation. Understand recognition criteria, elements of cost, and depreciation component-wise. Practical examples guide you through proper allocation and accounting practices. Need assistance? Contact us for expert advice.
Explore the quick walk-through of IND AS 115 – Revenue Recognition. Learn the critical steps, including identifying contracts, performance obligations, measuring progress, and allocating transaction prices.
Grant of non-agricultural permission along with sanad issued in the form in Schedule IV or Schedule V in accordance with Rule 4 and Rule 7 of the Maharashtra Land Revenue (Conversion of Use of Land and Non-Agricultural Assessment) Rules, 1969 (the Rules) by the concerned Competent Authority shall be considered as Commencement Certificate for plotted development projects.
Procedure for appointment of director in casual vacancy – Ensure that the person being considered for a directorship to fill a casual vacancy does not have any of the disqualifications listed in Sections 164 and 165 of the Act.
Discover the process of appointing a Nominee Director under the Companies Act, 2013. Learn the meaning, prerequisites, and step-by-step procedure, including resolutions, consents, filings, and registrations.
ITAT held that credit of bona fide assessee cannot be denied in case where assessee committed technical/typographical error during return filing.
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗲𝗱𝗶𝘁𝗼𝗿’𝘀 𝗶𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 “𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗮𝗹𝗼𝗻𝗲” 𝗲𝘃𝗲𝗻 𝗶𝗳 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝗮𝗺𝗼𝘂𝗻𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗱𝘂𝗲.
