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Archive: 12 September 2023

Posts in 12 September 2023

Allahabad High Court stays payment of GST for grant of mining lease/royalty

September 12, 2023 4188 Views 0 comment Print

Allahabad High Court’s decision to stay GST payment for mining lease/royalty explained. Analysis of its impact and legal context.

Commissioner (A) cannot change product classification without affording opportunity

September 12, 2023 588 Views 0 comment Print

CESTAT Ahmedabad rules in Madhu Silica Pvt Ltd Vs C.C.-Ahmedabad that proper inquiry is required for classifying Malvern Master Sizer under Customs Tariff.

SC allows appeal restoration as appellant failed to avail KVAT Amnesty Scheme

September 12, 2023 1179 Views 0 comment Print

The Supreme Court of India reverses Kerala High Court decision, allowing for the restoration of a tax appeal after a failed amnesty scheme attempt.

HC condones delay in appeal filing as wife not communicated order to Husband

September 12, 2023 774 Views 0 comment Print

Insight into Madras High Court decision to condone a 455-day delay in filing a Service Tax Appeal due to a communication gap between a husband and wife.

ITAT Mumbai Imposes Cost for Ignored Tax Proceedings

September 12, 2023 672 Views 0 comment Print

ITAT Mumbai imposes a cost on Rajendra Karbhari Bodake for ignoring income tax proceedings, highlighting the need to take such matters seriously.

Donation out of accumulated funds u/s. 11(2) are not allowable as application of income

September 12, 2023 2271 Views 0 comment Print

ITAT Delhi held that provisions of section 11(3) states that donations given out of accumulated funds u/s 11(2) of the Income Tax Act of earlier previous years are not allowable as application of income for charitable or religious purposes and the same shall be deemed to be income of the assessee.

CBDT notifies Multi Commodity Exchange Investor (Client) Protection Fund Trust U/s. 10(23EC)

September 12, 2023 978 Views 0 comment Print

Read about latest CBTD notification regarding Multi Commodity Exchange Investor Protection Fund Trust under Section 10(23EC) for assessment year 2014-15.

Penalty Reduced from Rs. 2 Cr to 12 Lakh for Premature Use of Share Application Money

September 12, 2023 8307 Views 0 comment Print

Explore the Payswiff Technologies Private Limited case under the Companies Act, 2013. Learn about the penalty, violations, and analysis of this legal matter.

GIFT City: India’s Financial Powerhouse by the Sabarmati

September 12, 2023 2196 Views 0 comment Print

Explore GIFT City, India’s Greenfield Smart City on the Sabarmati River, its impact on the economy, the rise of IFSC, IIBX, and its competition with Mumbai.

Master Direction – Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023

September 12, 2023 5862 Views 0 comment Print

RBI introduced revised guidelines for classification, valuation, and operation of investment portfolios for commercial banks. Learn about the changes.

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