ITAT Mumbai held that purchase of residential property within specified period of one year before the sale of capital asset (commercial property) is allowable as exemption under section 54F of the Income Tax Act 1961.
The e-Way bill system is for GST-registered persons / enrolled transporter for generating the waybill (a document to be carried by the person in charge of conveyance) electronically on commencement of movement of goods exceeding the value of Rs. 50,000 in relation to the supply or for reasons other than supply or due to inward supply from an unregistered person.
Separation of Power is a doctrine of constitutional law under which the state is divided into three different branches i.e. legislative, executive and judiciary each having different independent power and responsibility so that one branch may not interfere with working of others two branches.
Explore a comprehensive analysis of Sections 129 & 130 of the CGST Act, 2017. Understand the provisions, rules, and procedures for detention, seizure, and release of goods and conveyances.
CIT Vs Machino Techno Sales Ltd. (Calcutta High Court) Whether area sharing by the land owner is eligible to be treated as capital gains in a development agreement and not business income? The division bench of Calcutta high court in this case was considering appeal of department where the ITAT Kolkata benches held that the […]
CBIC instruction regarding the completion of data entry in DIGIT for customs cases. Learn about the purpose of DIGIT, types of cases to be entered, stages of data entry, timelines, and responsibilities of DIGIT Nodal Officers.
It is clarified that activities contemplated under section 66E(e), i.e. when one party agrees to refrain from an act, or to tolerate an act or a situation, or to do an act, are the activities where agreement specifically refers to such an activity and there is a flow of consideration for this activity.
Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person
A device such as tag, tracking device or data logger already affixed on the container at the time of import shall also be eligible for exemption from the duty of customs and the integrated tax as is available to the said container under this notification.
CESTAT Delhi held that service of collection of Toll (user) fee on behalf of National Highway Authority of India (NHAI) not covered under service tax for the period prior to introduction of negative list regime.
