Day: April 17, 2023
79 articlesIncome Tax

Income Tax
Expenditure relating to project are revenue expense allowable u/s 37 of Income Tax Act
Custom Duty

Custom Duty
Probiotic cultures cannot be classified under chapter 21 of Customs Tariff Act, 1975
Custom Duty

Custom Duty
Registration of Importers as per provision of Plastic Waste Management Rues, 2016, as amended
Income Tax

Income Tax
Addition u/s 56(2)(viib) sustained as method for FMV of equity shares not as per rule 11UA
Income Tax

Income Tax
Section 10(46) exemption to Maharashtra Electricity Regulatory Commission amended
Income Tax

Income Tax
Reopening of assessment unsustainable in absence of satisfaction of competent authority
Goods and Services Tax

Goods and Services Tax
Dettol falling under entry 36(8)(h)(vi) of Schedule III of KVAT Act is subject to 4% VAT
DGFT

DGFT
Procedure for applying for Amnesty scheme by Advance & EPCG authorization holders
Income Tax

Income Tax
Interest on borrowed funds allowable u/s 36(1)(iii) as funds used wholly and exclusively for business
Goods and Services Tax

Goods and Services Tax
GST Refund cannot be withheld merely because dept decided to file appeal against order granting refund
Goods and Services Tax

Goods and Services Tax
Section 3(9) of DVAT doesn’t specify time for submission of document by person found in custody of goods
Income Tax

Income Tax
Clinical trial expenditure incurred solely for business purpose is allowable
Custom Duty

Custom Duty
Penalty u/s 114AA not imposable as goods were found as per declaration in Bill of Entry
Service Tax

Service Tax
