"17 September 2023" Archive

ITC reversal rules for destroyed raw materials and finished goods

In re Geekay Wires Limited (GST AAR Telangana)

Read GST AAR Telangana's ruling on input tax credit (ITC) reversal rules for destroyed raw materials and finished goods. Understand ITC eligibility in such cases....

GST HSN Code Ruling for Electric Vehicles & Spare Parts

In re Versatile Auto Components Private Limited (GST AAR Telangana)

Read GST AAR Telangana's ruling on HSN codes for electric vehicles and electrical & mechanical spare parts. Clear classification guidelines provided....

SC issues notice on discontinuation of video conferencing in High Court & Tribunals

Sarvesh Mathur Vs Registrar General (Supreme Court of India)

Supreme Court of India issues notices on the discontinuation of video conferencing in High Courts and various Tribunals, seeking information on hybrid hearings. Next hearing on 6th October, 2023....

Appointment of Statutory Auditors & Casual Vacancies under Companies Act, 2013

Explore intricacies of Section 139(2) in Companies Act, covering appointment of statutory auditors and addressing casual vacancies. Learn about auditor terms and implications...

Analyzing the taxability of online gaming vis-a-vis Finance Bill, 2023: A conspicuous intention with poor implementation

Explore tax implications of online gaming in India under Finance Bill, 2023. Learn about new tax deductions and regulations for online gaming income....

Common Traits Among Tax Advocates, CAs and Financial Professionals

Explore the common factors that unite tax advocates, chartered accountants (CAs), and financial professionals. Dive into the world of deep analysis and speculation in finance....

NFAC, Not AO, to Issue Section 148A(d) Orders & Section 148 Notices: Telangana HC

In a recent judgment by the Telangana High Court in Kankanala Ravindra Reddy Vs ITO, the issue of whether the order under section 148A(d) and the notice under section 148 of the Income-tax Act, 1961 should be mandatorily passed and issued by the National Faceless Assessment Centre (NFAC) rather than the Jurisdictional Assessing Officer wa...

Revisionary jurisdiction not available to PCIT when issues in question examined by AO

Raj Kumar Karanwal Vs PCIT (ITAT Delhi)

Explore the case of Raj Kumar Karanwal vs. PCIT (ITAT Delhi) and learn why exercise of revisionary jurisdiction by PCIT may not always be valid when issues have been examined by AO. Dive into the details of the case, the assessment process, and implications for taxpayers....

Notification No. 67/2023-Customs (N.T.) – New tariff values for various goods

Notification No. 67/2023-Customs (N.T.) [S.O. 4086(E)] 15/09/2023

Central Board of Indirect Taxes & Customs amends Customs Notification No. 36/2001-Customs (N.T.) to include new tariff values for various goods....

Amendment to Customs Notification No. 19/2019-Customs – Sep 2023

Notification No. 56/2023-Customs [G.S.R. 674(E)] 15/09/2023

CBIC amends Customs Notification No. 19/2019-Customs to include parts, machinery, and documentation for AK-203 rifle manufacturing....

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