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Archive: 02 November 2023

Posts in 02 November 2023

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

May 15, 2024 5979 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 19023 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!

GST refund cannot be denied for merely for multiple inputs & output supplies

November 2, 2023 4017 Views 0 comment Print

In the Nahar Industrial Enterprises Ltd. vs. Union of India case, Rajasthan High Court ensures GST refund isn’t denied solely due to multiple inputs and outputs.

Customs Exchange Rates effective from 3rd November, 2023

November 2, 2023 1101 Views 0 comment Print

Stay updated with Customs Notification No. 81/2023-Cus (NT) dated 02/11/2023. Learn about revised exchange rates for imported and export goods. Important information for international trade.

Benefit of Notification 108/95-CE cannot be denied if no evidence of removal of goods before project completion

November 2, 2023 366 Views 0 comment Print

CESTAT Bangalore held that in the absence of any evidence regarding removal of the goods before completion of the project, the benefit of Notification No.108/95 CE dated 28.08.1995 amended vide Notification No.13/2008 CE dated 01.03.2008 cannot be denied. Accordingly, demand set aside.

FERA Section 56 Proceedings Initiation Without SCN Unsustainable

November 2, 2023 555 Views 0 comment Print

Delhi High Court held that initiation of proceedings under section 56 of the Foreign Exchange Regulation Act, 1973 (FERA) without issuance of show cause notice or opportunity notice is against the principle of natural justice and hence untenable-in-law.

Reopening on ‘Borrowed Satisfaction’ Instead of ‘Independent Satisfaction’ is Unlawful

November 2, 2023 2883 Views 0 comment Print

Gujarat High Court held that reopening of assessment under section 147 of the Income Tax Act merely based on ‘borrowed satisfaction’ as against statutory requirement of ‘independent satisfaction’ is bad-in-law.

Notification 41/2012-ST Covers Refund of Swachh Bharat & Krishi Kalyan Cess

November 2, 2023 549 Views 0 comment Print

CESTAT Kolkata held that notification no. 41/2012-ST grants refund of service tax paid on the taxable services used for export of goods. The said refund includes refund of Swachh Bharat Cess (SBC) and Krishi Kalyan Cess (KKC) too.

Taxability of Deemed Dividend (Section 2(22)(e)) Limited to Shareholder

November 2, 2023 1650 Views 0 comment Print

ITAT Ahmedabad held that addition of amount received as advances as deemed dividend in terms of section 2(22)(e) of the Income Tax Act unsustainable as assessee firm is neither registered shareholder nor beneficial shareholder. Concluded that deemed dividend is taxable only in the hands of the shareholder.

Second Wife Not Entitled to Death Benefit Without Government Approval

November 2, 2023 759 Views 0 comment Print

As per Revised Pension Rules, 1980, family pension is not admissible to the second wife as marrying another wife, (when one wife is living) without obtaining the approval of Government is contrary to Rule 25 of A.P. Civil Services (Conduct) Rules, 1964. In absence of Government approval, death benefit not entitled to second wife.

Rectification of Mistake Under Section 154: A Comprehensive Guide

November 2, 2023 208974 Views 29 comments Print

Article discusses about Order which can be rectified under section 154 of Income Tax Act, 1961, Rectification of Income Tax order which is subject to appeal or revision, Initiation of rectification by whom, Time-limit for rectification, The procedure to be followed for making an application for rectification, etc.

The Power of Planning: How a Loan Against Property EMI Calculator Can Help

November 2, 2023 2988 Views 1 comment Print

Optimise your finances with a Loan Against Property EMI Calculator. Learn how it can help you plan an efficient repayment plan & LAP balance transfer

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