Day: October 4, 2023
55 articlesCustom Duty

Custom Duty
Imposition of redemption fine and penalties unwarranted when goods are exported after re-processing
Goods and Services Tax

Goods and Services Tax
Calcutta HC Quashes 2nd Show Cause Notice Matching Earlier Dropped Grounds
Corporate Law

Corporate Law
Bank has first charge over property above other debts payable to Central or State Government
Service Tax

Service Tax
Service tax not leviable on amount being reimbursed on actual basis
Income Tax

Income Tax
Expense incurred for earning income chargeable under income from other source allowable as deduction u/s 57(iii)
Corporate Law

Corporate Law
Supreme Court Ruling: Extension of Limitation Period during Covid
Income Tax

Income Tax
Disallowance restricted to 0.5% of guarantee value in corporate guarantee to AE
Service Tax

Service Tax
Amount of damages received for tolerating breach of contract not leviable to service tax
Income Tax

Income Tax
Compensation for delay in handing over possession of property is allowable as business expense
Income Tax

Income Tax
