ITAT Mumbai held that there is no element of technical knowledge, experience, skill knowhow or process in the rendering of brokerage services. Therefore, the payment of brokerage by the assessee to the brokers not being covered as FTS-FIS is not taxable in India either pursuant to Sec. 9(1)(vii)
A Unit in an International Financial Services Centre, authorised to undertake aircraft leasing activity, if allowed by the International Financial Services Centre Authority not to maintain separate office, may utilise office space or manpower or both, of another unit set up in International Financial Services Centre authorised to undertake aircraft leasing activity, as may be approved by the Authority
Order may be called Bicycles- Retro Reflective Devices (Quality Control) Order, 2023. It shall come into force from 1st day of July, 2023
Guide to Converting Company into LLP: Notices & Resolutions Format – Essential steps and legal requirements for a seamless transition.
Delhi High Court held that extended service tax demand invoking proviso to Section 73(1) of the Act would be applicable on account of mis-statement or suppression of facts only if the same was deliberate and for the purposes of evading payment of duty.
NCLAT Delhi held that the dues of income tax department are Government dues and they are secured creditors.
CBIC Exempted Customs Duty and IGST leviable on ‘vessels and other floating structures for breaking up’ Vide Notification No. 13/2023-Customs Dated: 23rd February, 2023. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi Notification No. 13/2023-Customs | Dated: 23rd February, 2023 G.S.R. 124(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the […]
Ensuring Fairness Guide to Section 188 for Related Party Transactions in Pvt Ltd Companies – Navigate related party transactions with transparency.
Whether bank may exercise and invoke banker’s Rights of Lien as per Section 171 of Indian Contract Act, 1872 to settle dues from deceased person in case deceased person has taken a loan?
Bombay High Court held that reopening of assessment in absence of failure on the part of the assessee to disclose fully and truly the material facts and also in absence of any tangible material is unjustifiable.
