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Archive: 06 July 2023

Posts in 06 July 2023

Trustee Services in India: Compliance, Scope and Benefits

July 6, 2023 3630 Views 0 comment Print

Discover the compliance requirements, scope of work, and benefits of trustee services in India. Learn about the role of corporate trustees, their services, and the advantages they offer. Find insights and guidance on SEBI registration for AIF trustees.

Denial of boarding due to overbooking amounts to deficiency in service

July 6, 2023 4797 Views 0 comment Print

Learn about the case of Bechu Kurian Thomas against Qatar Airways, where denial of boarding due to overbooking led to a consumer dispute. Explore the legality of compensation under the Consumer Forum Act, despite lower compensation provisions in the Aircraft Act and Carriage by Air Act.

GST on Income of YouTubers

July 6, 2023 4311 Views 0 comment Print

Discover how YouTubers earn through advertisements, affiliate marketing, and subscription-based content. Learn about the GST implications on their income and the necessary compliance requirements.

Absence of Email Access is Valid Ground for Condonation of Delay

July 6, 2023 1401 Views 0 comment Print

Explore the significant ruling by ITAT Delhi in the case of Mohammad Saleem Vs ITO, stating that the Assessing Officer cannot perform a second assessment on the same issue within the same assessment year.

HC lifts Provisional Attachment, assessee agrees to pay GST liability in installments

July 6, 2023 816 Views 0 comment Print

Explore the notable case of Nirajkumar Nareshkumar Lakhyani v. State of Gujarat (SCA No. 6777 of 2023) in which the Gujarat High Court has overturned the Adjudicating Authority’s ruling. The judgement allows the assessee to meet tax obligations in installments, effectively lifting the provisional attachment of their bank account. Learn more about this landmark tax case and its significant implications.

IFSCA (Banking) (Amendment) Regulations, 2023

July 6, 2023 1284 Views 0 comment Print

Read the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 issued by the IFSCA. Stay updated on the latest amendments and provisions for banking units in IFSCs.

Discrediting assessee’s valuation report without substantial reasons and without calling for DVO report is unjustified

July 6, 2023 618 Views 0 comment Print

ITAT Delhi held that failure to call for DVO report and discrediting the valuation report of the assessee without substantial reasons is unsustainable and bad in law.

Delhi Municipal Corporation Act, 1957 doesn’t levy of tax on professional activity carried out from residential building

July 6, 2023 1182 Views 0 comment Print

Delhi High Court held that as Delhi Municipal Corporation Act, 1957 doesn’t include ‘professional activity’ of lawyers as ‘commercial activity’. Accordingly, under the DMC Act there is no power to tax ‘professional activity’ carried out from residential building.

Exemption u/s 11 and 12 duly available in absence of violation of KEI (Prohibition of Capitation Fee) Act

July 6, 2023 465 Views 0 comment Print

Karnataka High Court held that AO based on incorrect assumption treated the money collected by the trust as capitation fee under the KEI (Prohibition of Capitation Fee) Act. In absence of any violation of KEI (Prohibition of Capitation Fee) Act, exemption u/s 11 and 12 of the Income Tax Act duly available.

Writ not entertained in view of availability of alternative remedy

July 6, 2023 720 Views 0 comment Print

Gauhati High Court held that the existence of an alternative relief would dissuade the Court from entertaining the writ petition. Constitutional Jurisdiction cannot be exercised in view of provisions for alternative remedy.

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