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Archive: 16 September 2023

Posts in 16 September 2023

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6375 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19386 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Internal transfer between two EOUs eligible for exemption u/s 10B

September 16, 2023 537 Views 0 comment Print

ITAT Mumbai held that the amount of internal transfer between two EOUs of the assessee is to be considered for the purpose of arriving at the profit eligible for exemption under section 10B of the Income Tax Act.

Reassessment proceeding based on other officer’s information without cogent material unjustified

September 16, 2023 924 Views 0 comment Print

ITAT Delhi held that initiation of reassessment proceedings u/s 147 of the Income Tax Act merely on the basis of information from other officer without cogent and demonstrable material unjustified.

Duty demand alleging sealed/uninstalled packing machine available in factory unsustainable

September 16, 2023 294 Views 0 comment Print

CESTAT Mumbai held that duty liability in terms of Chewing tobacco & Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010 unsustainable merely alleging that sealed/uninstalled packing machine is available in the factory premises.

30-Day E-Invoice Deadline for GST: New Rule from November 1

September 16, 2023 6954 Views 1 comment Print

From November 1, GST e-invoice rules change: A 30-day deadline for taxpayers with over Rs. 100 crore turnover, and two-factor authentication for added security.

Income Tax Return Filing & Audit Due Dates for Assessment Year 2023-24

September 16, 2023 98976 Views 5 comments Print

Stay informed about income tax return filing and audit due dates for Assessment Year 2023-24. Also, discover threshold limits for tax audits and Form 3CEB reports.

How to manage enterprise’s financial risks, controls and audits efficiently

September 16, 2023 603 Views 0 comment Print

Discover effective strategies for managing an enterprise’s financial risks, controls, and audits. Learn the importance of identifying and mitigating financial risks, implementing robust internal controls, and conducting regular audits for transparency and accountability. Establish a comprehensive framework supported by strong leadership, clear policies, and competent professionals. Explore collaboration with external experts to enhance risk management and stay informed about emerging industry practices. Safeguard your financial health and ensure long-term stability through proactive financial governance.

ITAT Directs CBDT: Consider Condonation for Form 10-IC Delay

September 16, 2023 1407 Views 1 comment Print

Read full judgment of Metroark Pvt. Ltd. vs. ITO in Calcutta High Court. Learn how ITAT directed CBDT to consider delay condonation for Form 10-IC under Income Tax Act.

Marketing & support services provided in India on direction of foreign Company is export of service

September 16, 2023 1338 Views 0 comment Print

CESTAT set aside demand order passed by Adjudicating Authority and held that, marketing, sales promotion, and technical pre-sales support service provided by assessee to Indian customer on direction of foreign company tantamount to ‘export of service’.

CA will be guilty to write “To Whom It May Concern” at the time of CA certification

September 16, 2023 30549 Views 1 comment Print

H.G. Nagaraju Vs CA. Lingaraj M. Pujari (M.No.225579) (ICAI) Recently, the Institute of Chartered Accountants of India (ICAI) has concluded a disciplinary proceeding involving CA Lingaraj M. Pujari, concerning a certificate issued by him. The Disciplinary Committee of ICAI, in the case of Shri H.G. Nagaraju Vs. CA. Lingaraj M. Pujari, has determined that CA […]

In contract for transfer of right to use goods, taxable event is execution of contract: Kerala HC

September 16, 2023 771 Views 0 comment Print

Kerala High Court held that under the Kerala Value Added Tax Act, 2003 (KVAT Act) in a contract for the transfer of the right to use the goods, the taxable event is the execution of the contract for delivery of the goods, and if that has taken place, it was immaterial whether the transfer was exclusively or to the exclusion of all others.

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