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Archive: 06 March 2023

Posts in 06 March 2023

Roles & Responsibilities – A Handbook for CGST Officers

March 6, 2023 4755 Views 0 comment Print

Handbook, a ready reckoner, would certainly help the officers of all Ranks, within an Executive CGST Commissionerates, to get a clear idea of their functions, as mandated in the CGST Act, 2017 and the Rules

Non-renewal of courier licence in international carriage without granting opportunity to explain is unjustified

March 6, 2023 381 Views 0 comment Print

Bombay High Court held that refusal to renew the courier licence registration in international carriage under the Courier Imports and Exports (Clearance) Regulations 1998 without granting an opportunity to explain is unjustified.

Addition towards unsecured loans unsustainable as genuineness established

March 6, 2023 2580 Views 0 comment Print

ITAT Ahmedabad held that all necessary details and evidences to establish genuineness of the unsecured loans duly furnished by the assessee, accordingly, addition towards the same unsustainable.

Financial Reporting Quality Review Report (FRQRR) of PSP Projects Limited

March 6, 2023 2568 Views 0 comment Print

NFRA undertook Financial Reporting Quality Review of Standalone Financial Statements of PSP Projects Ltd. on the basis of NFRA’s statistical sampling approach.

GST Compliance Calendar for March 2023

March 6, 2023 5265 Views 0 comment Print

Stay compliant with GST regulations in March 2023! Check out the comprehensive compliance calendar for GSTR-1, GSTR-3B, and other GST returns and forms.

Cow is divine & should be protected & venerated; HC calls Central Government to ban cow slaughter

March 6, 2023 8772 Views 0 comment Print

Mohd. Abdul Khaliq Vs State of U.P. (Allahabad High Court) The Allahabad High Court recently in Mohd. Abdul Khaliq vs. State of U.P. and Another Application u/s 482 No.1743 of 2021 decided on 14-02-2023 considered the various provisions of the Uttar Pradesh Prevention of Cow Slaughter Act, 1955 Act. The Court explicitly observed for the […]

Fate of section 148 Notices for AY 2013-14 and AY 2014-15 still hanging

March 6, 2023 10995 Views 1 comment Print

The Author in this article discusses the differing views taken by two high courts (exactly opposing views) on the question of limitation as to whether proceedings for AY 2013-14 and AY 2014-15 can be re-opened by issuing notice u/s 148 (deemed to be 148(b) of the Income Tax Act, 1961 [the ITA] from 01-Apr-2021 to 30-Jun-2021. (the Specified Period)).

Enjoy the colors of GST and Income Tax in this Holi

March 6, 2023 6588 Views 0 comment Print

Discover the colorful updates in GST & Income Tax this Holi! From GST Amnesty schemes to new tax regimes, understand the hues of joy & worry for taxpayers.

Is Aviation Sector taking off soon?

March 6, 2023 1206 Views 0 comment Print

Explore the potential of the aviation sector post-COVID, with rising domestic traffic, mega aircraft orders, government schemes, FDI, and market analysis.

Penalty u/s 271F not leviable as post search there was delay in providing seized documents

March 6, 2023 1896 Views 0 comment Print

ITAT Rajkot held that penalty under section 271F of the Income Tax Act not leviable as post search there was delay in providing seized documents. Further, Checking, cross checking and reconciliation of datas was a very lengthy process is also a reasonable cause for non-furnishing of income tax return.

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