"19 June 2023" Archive - Page 5

Operational or administrative assistance or infrastructural support falls within Business Support Service

Hindalco Industries Limited Vs Commissioner Of Central Excise (CESTAT Kolkata)

CESTAT Kolkata held that providing operational or administrative assistance in any manner or providing infrastructural support service or managing distribution and logistics service, fall within the ambit of ‘Business Support Service’....

Restrictions on HGO for late payment of GST not imposed as pilgrims registered will be affected

Trichy Sunshine Haj Services Vs Union Of India (Delhi High Court)

Delhi High Court held that restrictions and conditions to issuance of registration certificate to Haj Group Organizers (HGO) not imposed on account of late payment of GST as it would affect the pilgrims who have registered with HGO to undertake pilgrimage....

Madras HC Orders Customs to Consider allowing Re-export of Link Samahan

ASR International Vs Deputy Commissioner of Customs (Madras High Court)

Madras High Courts ruling on ASR International vs Deputy Commissioner of Customs, regarding re-exportation of Link Samahan without payment of import duties. ...

Step-By-Step Guidelines to Report F&O Losses in ITR 3

Learn how to report F&O losses in ITR 3 with this step-by-step guide. Understand the eligibility criteria for filing ITR 3, including the treatment of F&O income, intraday transactions, and other sources of income. Follow the guidelines to file your tax return accurately and comply with Income Tax regulations....

ITAT Deletes TDS Demand as tax on relevant amount Already Paid 

Mrudulagauri Jaysukhlal Bhalodia Vs ITO (ITAT Ahmedabad)

This case revolved around purchase of a property from twenty co-owners, where assessee was treated in default for non-deduction of TDS. Assessee argued that demand resulted in double taxation as taxes already been paid....

Data Privacy in Mergers & Acquisitions: Protecting Employee Personal Information

Learn how businesses can protect personal information during mergers and acquisitions (M&A). Understand the importance of data privacy due diligence, adopting a holistic approach, and safeguarding employee data in compliance with privacy laws....

Posted Under: Excise Duty |

SEBI (LODR) (Second Amendment) Regulations,2023 at a glance

This article provides an overview of SEBI (LODR) (Second Amendment) Regulations, 2023 of June 2023, delving into key updates and their potential implications for listed companies, investors and overall market landscape....

Posted Under: Excise Duty |

Simplified: Concept of Deferred tax and its presentation in financial statement

Discover the concept of Deferred Tax and its impact on balance sheets and profit and loss accounts. Explore the two approaches used by companies to calculate deferred tax amounts: AS-22 and IND AS-12. Learn how timing differences, such as depreciation, unabsorbed depreciation, MAT credit, and income received in advance, create deferred ta...

Posted Under: Excise Duty |

MCA imposes Penalty for non-compliance with secretarial standards

Order No. ROC/D/ADJ/Section 118/ TELEONE/ 2422-2425 19/06/2023

MCA has issued a penalty order against Teleone Consumers Product Private Limited for violating Section 118 of Companies Act, 2013. Violation pertains to non-compliance with secretarial standards related to recording of minutes of meetings. ...

HC quashes Assessment Orders for Non-Consideration of Belated Reply Request

Ssapp Overseas Pvt Ltd Vs DCIT (Delhi High Court)

Delhi High Court sets aside assessment orders due to non-consideration of Ssapp Overseas Pvt Ltd's request to file a belated reply, citing a violation of natural justice....

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