The export of Agri Residue Based Biomass and Briquettes / Pellets under ITC-HS Heading 1213 is placed under ‘Free’ category with immediate effect. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Notification No. 55/2015-2020-DGFT | Dated: 14th February, 2023 Subject:- Amendment in Export Policy of Biomass – regarding. […]
The Minimum Import Price (MIP) imposed on tariff lines under 080280 is revised from Rs. 251/- per Kilogram to Rs. 351/- per Kilogram. The Import Policy of Supari under ITC(HS) 21069030 is revised from ‘Free’ to ‘Prohibited’ and Import shall be Free if CIF value is Rs. 351/- or above per Kilogram. The given conditions […]
The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminium Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2023-24 is notified. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 57/2015-20-DGFT Dated: 14th February, […]
CBDT notifies ITR-7 for Assessment Year 2023-24/Financial Year 2022-23 vide Notification No. 05/2023-Income Tax Dated: 14th February, 2023. MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 05/2023-Income Tax Dated: 14th February, 2023 G.S.R 95(E).—In exercise of the powers conferred by section 139 read with section 295 of the […]
The DC notes that Mr. Viswanathan Sankaran was present before the AA on 17.09.2021 while order for conducting CoC meeting by next week was passed. Hence it may be said that he was aware of direction by the AA. The DC further notes that representative of Canara Bank vide email dated 07.10.2021 requested to prepone […]
Amounts received by assessee due to consideration, advance received on sale of small plots which have development work are not taxable under GST.
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ITAT Mumbai held that reopening of assessment under section 147 of the Income Tax Act without iota of evidence or any cogent reasons is unsustainable and liable to be quashed.
ITAT Mumbai held that capital gain is to be taxed in the hands of legal owner of the property who has transferred the property by registering sale deed. Merely because interest of housing loan is claimed by the son of the assessee, it doesn’t make him the owner of the property.
