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Stay compliant with IFSCA Circular on Section 12A of WMD Act and Section 51A of UAPA. Learn the procedure for sanctions against entities. Read more
Madras High Court held that rejection of Foreign Tax Credit unjustified as Form-67, prescribed under Rule 128 of the Income Tax Rules, 1962, was not filed with income tax return but filed before passing of final assessment order.
ITAT Delhi held that addition in the hands of register owner, on the basis of AIR information without considering the fact that sales and profit thereon is booked by M/s. Parsvanath Developers Ltd. who are having real rights on the land, is unsustainable in law.
CESTAT Chennai held that show cause notice not specifying specific service rather demanding service tax on consolidated tax liability makes the show cause notice indefensible. Accordingly, the demand raised thereon is liable to be set aside.
The Honble High Court of Punjab and Haryana at Chandigarh. The petitioner is a dealer in textiles registered with the State Authorities. It availed input tax credit. Input tax credit was sought to be denied on the allegation that the supplier is non-genuine tax payer at bogus entities.
Explore hurdles faced by industries in filing DGFT’s annual reports, impacting businesses. Recommendations for DGFT to streamline process and alleviate burdens on companies.
Regulations governing export of services under FEMA, including documentation, IEC codes, repatriation, and payment methods. Gain insights for seamless compliance and benefits.
Jharkhand High Court in the case of Aditya Medisales Ltd. v. State of Jharkhand allowed writ application for disapproving recovery notice. Transitional Credit cannot be disallowed just by a summary of Show Cause Notice.
Dive into the legal battle over corporate guarantees’ taxability as Business Auxiliary Service. Explore the CESTAT’s decision, the Revenue Department’s stance, and the ongoing Supreme Court appeal.
GST Amnesty Scheme and appeals procedures available under CGST Act, 2017. Find out who can file appeals and maximum number of adjournments allowed.