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Archive: 22 December 2023

Posts in 22 December 2023

Anti-Dumping Duty on Industrial Laser Machines import from China

December 22, 2023 20799 Views 1 comment Print

Explore Customs Notification 15/2023 imposing anti-dumping duty on Industrial Laser Machines from China. Detailed analysis, affected goods, and duty rates provided.

DIN Mandatory in 153D Approval and Section 156 Demand Orders: Delhi ITAT

December 22, 2023 1593 Views 0 comment Print

Explore the landmark ITAT Delhi ruling in Finesse Intl. Design Pvt. Ltd. vs. DCIT. CBDT Circular violation deems assessment order invalid. Know more!

Impact of GST on Hospitality Sector: A Comprehensive Analysis

December 22, 2023 8169 Views 0 comment Print

Explore the implications of GST on the hospitality industry, analyzing changes in room tariffs, taxes, and compliance. Learn about GST rates and how businesses can adapt.

SC directs HC to rehearing due to lack of reasons in order & retirement of Presiding Judge

December 22, 2023 363 Views 0 comment Print

Manesh Dayashankar Madeka Vs ACIT: Supreme Court emphasized the need for a fresh hearing due to retirement of Presiding Judge and lack of reasons the previous disposition.

ED Ordered to Disclose Sexual Harassment Information under RTI Act

December 22, 2023 708 Views 0 comment Print

Non-disclosure of information of allegations of sexual harassment would fall clearly within the conspectus of human rights violations, as exempted by the proviso to Section 24 of the RTI Act, 2005.

TCS collected by dealer not includible in purchase value of vehicle: Kerala HC

December 22, 2023 531 Views 0 comment Print

Explore the Kerala High Court judgment on TCS exclusion from vehicle purchase value. Assessing Authority directed to reassess tax. Details and implications here.

AO must explicitly mention grounds for imposing Section 271(1)(c) penalty

December 22, 2023 687 Views 0 comment Print

Explore the Delhi High Court judgment on Penalty u/s 271(1)(c) of Income Tax Act for AY 2014-15. Detailed analysis and legal insights on inaccurate particulars. Read more.

Sale of re-possessed vehicles attracts VAT under DVAT Act: Delhi HC

December 22, 2023 303 Views 0 comment Print

Explore the Delhi High Court case: Indusind Bank vs. Dept. of Trade & Taxes. Constitutional validity of DVAT Act’s ‘dealer’ definition challenged. Court analysis and decision detailed.

Submission of return on issuance of bank guarantees for Trade Credits on CIMS

December 22, 2023 645 Views 0 comment Print

Explore RBI’s latest circular on Trade Credit reporting shift to CIMS. Learn about changes, submission details, and the impact on Authorised Dealer Banks.

Rupee Drawing Arrangement: Submission of statement/return on CIMS Portal

December 22, 2023 1191 Views 0 comment Print

RBI circular mandates a transition from the XBRL site to Centralized Information Management System (CIMS), impacting all Authorised Dealer Category-I Banks.

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