CESTAT Chennai held that tax liability was fastened upon the appellant without the principles of audi alteram partem (i.e. without referring to the documents furnished by the appellant) is against the principles of natural justice and liable to be quashed.
ITAT Indore held that the expenditure incurred for obtaining loan is a revenue expenditure. Accordingly, the fee paid for renewal of cash-credit is a revenue expenditure.
CESTAT Chennai held that an assessee cannot avail of the options under Rule 6(2) and 6(3) of CENVAT Credit Rules,2004 simultaneously. Once the option is availed, other option cannot be chosen simultaneously.
No person shall, after 31st March, 2023, sell or display or offer to sell any Gold jewellery or Gold Artefacts unless it is hallmarked in accordance with the standards specified in IS 1417:2016 as amended by notification number Ref: HQ-PUB014/1/2020-PUB-BIS (191), dated the 7th July, 2021, published in the Gazette of India, Extraordinary, Part III, Section 4, dated the 15th July, 2021.
SEBI issuing various circulars from time to time for effective regulation of FVCIs. In order to enable stakeholders to have an access to all the applicable requirements / circulars at one place, the provisions of the said circulars are incorporated in this Master Circular for FVCIs.
Under section 43 of Prevention of Money-laundering Act, 2002 and in consultation with Chief Justice (Acting) of Gauhati High Court, Central Government makes further amendment in earlier notification
HC held that even assuming an alternative remedy u/S 246 of the Act of filing an appeal is available, it will not operate as an absolute bar for entertaining the writ petition as jurisdictional issues goes to the root of matter and it is one of the exceptional factors carved out by the Hon’ble Supreme Court for exercise of jurisdiction under Article 226 of the Constitution of India.
Mohankar Timber Company Vs Union of India (Bombay High Court) In this case Instead of filing Application for Revocation of GST Registration Certificate, petitioner filed Appeal against the cancellation order which Appellate Authority dismissed as not maintainable. Petitioner challenged order of Appellate Authority by filing Writ Petition before Bombay High Court.HC allowed writ Petition and […]
Singapore has recognised ICAI qualification as one of the professional qualifications for associate membership of ISCA, another testimony of increasing brand equity of the profession globally. The recognition will be beneficial for all those members who are residing in Singapore and having six months of local work experience in Singapore.
Intellectual Property Rights are intangible assets, created for protection of one’s brand, design, logo, invention etc. The requirement and procedure for obtaining registration of intellectual properties vary accordingly. The owner of intellectual property enjoys various rights and is protected against infringement from third parties.
