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Archive: 29 August 2023

Posts in 29 August 2023

Service tax leviable on sub-contractor even though tax paid by main contractor

August 29, 2023 1302 Views 0 comment Print

CESTAT Ahmedabad held that it is settled legal position that sub-contractor is liable to pay service tax even though main contractor has paid service tax on total value. Accordingly, service tax demand sustained.

Tax incidence of joint development agreement and subsequent sale of flats is different

August 29, 2023 6360 Views 0 comment Print

ITAT Chennai held that the incidence of tax for joint development agreement (JDA) is different and incidence of tax for subsequent sale of flats is different.

PCIT Cannot set aside Assessment Order Solely Based on Differing Opinion

August 29, 2023 669 Views 0 comment Print

Explore the key details and implications of ITAT Ahmedabad’s ruling on the Shanti Multilink Pvt. Ltd. Vs PCIT case concerning the validity of an assessment order under section 263.

ITAT deletes disallowance made by AO without recording any reasons

August 29, 2023 738 Views 0 comment Print

Analysis of Pawan Aggarwal’s appeal against CIT(A) Ludhiana order regarding disallowance of expenses and building improvement costs. Outcome by ITAT Chandigarh.

Reopening after 4 years invalid if AO fails to Establish Assessee’s Failure to Disclose Material Facts

August 29, 2023 546 Views 0 comment Print

Analysis of Bombay HC ruling in Naroli Resorts vs ACIT on reopening tax assessment after four years. Did the assessee disclose all material facts?

CCI Directs DGAP to Investigate ‘Jaypee Greens Kalypso Court’ Units for Profiteering

August 29, 2023 558 Views 0 comment Print

Competition Commission of India investigates Jaypee Greens Kalypso Court for alleged profiteering and non-compliance with the CGST Act. Detailed report inside.

Anti-Profiteering provisions not attracted to project ‘Godrej Elements’: CCI

August 29, 2023 378 Views 0 comment Print

Analysis of case between Sparsh Chowdhary and Pearlite Real Properties regarding anti-profiteering under CGST Act, 2017 for Godrej Elements project.

Amendment in Export Policy of Non basmati rice under HS Code 10063090

August 29, 2023 897 Views 0 comment Print

In relaxation of Notification No.20/2023 dated 20th July, 2023 export of non-basmati white rice is allowed when export duty is paid before 21:57:01 hours on 20.07.2023.

Correction to Income Tax Notification for Accommodation Perquisite Valuation

August 29, 2023 1701 Views 0 comment Print

Corrigendum for the Notification bearing G.S.R. No. 615 (E) dated 18.08.2023 i.e. Income Tax Notification No. 65/2023 dated 18th August, 2023 related to Amended Income Tax Rules for Valuation of Accommodation Perquisite. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi Notification No. 72/2023-Income Tax | Dated: 29th August, 2023 […]

Dharampal Satyapal Ltd. Challenges Authority of GST Council to hike GST Rate

August 29, 2023 1509 Views 0 comment Print

Analysis of Dharampal Satyapal Limited’s case against the GST Council’s decision to change the classification and GST rate of coated illaichi.

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