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Archive: June, 2023

Posts in June, 2023

Understanding Income Tax Notices: Types, Meanings and Proper Responses

June 8, 2023 3312 Views 0 comment Print

Demystify Income Tax Notices: Learn about various types, meanings, and effective responses. Explore notices under Section 143(1), scrutiny assessments, best judgment assessments, reassessment, demands, and surveys. Stay informed on recent tax laws to navigate the process seamlessly.

Classification of ‘Data Projector’ (Model – ZH 350, ZW350e, ZX 350e)

June 8, 2023 516 Views 0 comment Print

Explore the classification and exemption of Data Projectors (ZH 350, ZW350e, ZX 350e) in the CAAR Mumbai ruling. Understand the intricacies and pending matters.

CAAR cannot issue a ruling on difficulties in compliance to circular no. 51/2020

June 8, 2023 807 Views 0 comment Print

Explore the Customs Authority ruling on ULDs by Pridel Private Limited in Mumbai. Learn about the exemption from Customs duty, clearance procedures, and the complexities involved in ULDs’ temporary import and re-export.

Central Registration Centre (CRC): Streamlining Company Incorporation Services

June 8, 2023 16285 Views 0 comment Print

Central Registration Centre (CRC), an initiative by the Ministry of Corporate Affairs (MCA) aimed at providing fast and efficient incorporation services. Learn about the services offered, name availability application process, resubmission guidelines, and more.

Property Restoration under Prevention of Money Laundering Act

June 8, 2023 4908 Views 0 comment Print

A comprehensive analysis of the provisions under the Prevention of Money Laundering Act, 2002 relating to the restoration of attached properties. Explore how the Act balances the powers of the Enforcement Directorate and the rights of third parties.

Bombay HC Upholds Legality of Section 13(8)(b) & Section 8(2) of IGST

June 8, 2023 5070 Views 0 comment Print

Section 13(8)(b) and Section 8(2) of IGST Act are legal, valid, and constitutional & these provisions should operate exclusively within scope of IGST Act, and cannot be applied to levy tax on services under CGST

No section 272A(1)(d) penalty if Assessee Complies with Section 142(1) Notice

June 8, 2023 3072 Views 0 comment Print

ITAT Delhi ruled in favor of appellant, holding that they had indeed complied with statutory notice and therefore levy of penalty under section 272A(1)(d) of the Act was not justifiable

ITAT quashes Section 271(1)(c) Penalty Order for lack of Clarity in particulars

June 8, 2023 645 Views 0 comment Print

ITAT Delhi’s verdict in the case of Gawar Constructions Co. Vs DCIT, illuminating the importance of clear particulars in the imposition of tax penalties. Understand how discrepancies between the initial ‘satisfaction’ and the grounds for penalty can lead to quashing of penalty orders.

ITAT Condones Delay in Appeal Filing for Senior Citizen with Chronic Diseases

June 8, 2023 1185 Views 0 comment Print

ITAT Delhi’s decision in case of Sumita Devi Vs ITO, showcasing how chronic health conditions can impact filing of appeals and lead to ex parte orders.

Legal Ignorance No Excuse for Delayed Appeal Filing: ITAT Surat

June 8, 2023 870 Views 0 comment Print

ITAT Surat’s in case of Nileshkumar Chhaganbhai Vasoya Vs ITO, held that legal illiteracy of a common man is not an excuse for delay in filing appeal

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