"22 June 2023" Archive

ITAT directs AO to Verify & Grant Credit for Dividend Tax Payment

Catvision Ltd Vs ACIT (ITAT Delhi)

ITAT Delhi case where Catvision Ltd was wrongfully demanded Dividend Distribution Tax by the AO despite timely payments. ...

Calcutta HC dismisses Writ Petition due to unjustifiable delay in its submission

Saru Kankani Vs Union of India (Calcutta High Court)

Calcutta High Court case between Saru Kankani and Union of India, focusing on the consequences of unjustified delays in filing legal actions....

Ambiguity in Second Appeal Jurisdiction: CESTAT Dismisses Precautionary Appeal

Amadeus Software Labs India Pvt Ltd Vs Commissioner of Central Tax (CESTAT Bangalore)

Unravel the complexity of the case between Amadeus Software Labs India Pvt Ltd and the Commissioner of Central Tax (CESTAT Bangalore), involving ambiguity over the jurisdiction for a second appeal in tax rebate matters....

Procedure for Reimbursement of SGST on Cinematographic Shows of Cinema Kanakamarga 

Commissioner of Commercial Taxes Circular No. 04/2023-24 22/06/2023

Learn about procedure for claiming reimbursement of State GST (SGST) on movie Kanakamarga in Karnataka. This circular provides detailed instructions and application formats for exhibitors to apply for reimbursement....

Difference in Non-Delivery Derivative Transactions to be taken for Turnover determination for Tax Audit

Parag Jain Vs ITO (ITAT Delhi)

ITAT Delhi nullifies Section 271B penalty on Parag Jain, asserting that only difference in non-delivery derivative transactions should be taken into account when determining turnover for a tax audit....

Service Tax not levied on reimbursable expenses incurred by Assessee

United India Shipping Services Vs Commissioner of GST and Central Excise (CESTAT Chennai)

CESTAT overturned the order that had previously confirmed the demand on expenses such as deconsolidation charges, transportation charges, and DO charges. These expenses were initially collected by the assessee from their clients and then paid to the service provider....

Promoting Digital Lending: RBI’s Default Loss Guarantee Guidelines

The Reserve Bank of India recently came up with guidelines on Default Loss Guarantee (DLG) in digital lending that is effective from 8th June 2023.[i] Before delving into DLG, it is important to define the term digital lending. As per the Reserve Bank of India, digital lending is defined as a remote and automated lending […]...

Posted Under: Income Tax |

Key Amendments in SEBI (LODR) Regulations 2015 – June 2023

SEBI vide its notification dated 14th June 2023 has notified certain Key Amendments in SEBI (LODR) Regulations 2015 vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 A summary of major amendments is given below: 1. The timeline for filing casual vacancies in the office of the Compliance Offic...

Posted Under: Income Tax |

Madras HC Allows Delayed Appeal under TN Value Added Tax

Aqua Excel Vs Assistant Commissioner (ST)(FAC) (Madras High Court)

Madras High Court, in case of Aqua Excel Vs Assistant Commissioner, allows petitioner to approach appellate authority with a delayed appeal under Tamil Nadu Value Added Tax....

Kerala SGST Circular: Maintenance of Call Book for Adjudication Process

Circular No. 13/2023 22/06/2023

Read Circular No. 13/2023 issued by the Commissioner of State Tax, Kerala, providing instructions for the maintenance of a Call Book in the Kerala State Goods & Services Tax Department. Learn about the purpose of the Call Book, cases to be included, transfer procedures, periodic review, and the attached format....

Search Posts by Date

December 2023