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Archive: December, 2023

Posts in December, 2023

Zero Tillage: A Sustainable Agriculture Revolution for Climate, Gender Equality & Nutrition

December 26, 2023 1230 Views 0 comment Print

Explore sustainable benefits of Zero Tillage in agriculture, from climate change mitigation to empowering women and improving protein absorption. Real-world examples and future prospects unveiled.

Madras HC Overturns GST Assessment on Deceased; Legal Heirs Get Relief

December 26, 2023 7977 Views 0 comment Print

Read the full judgment from Madras High Court setting aside a GST assessment order against the deceased M.K.Girish. Legal heirs granted relief; court directs a response within 6 weeks.

SCN should indicate allegations to enable noticee to reply on issue: Delhi HC

December 26, 2023 2859 Views 0 comment Print

Delhi HC quashes GST cancellation in SK Enterprises case, stressing clarity in show cause notices. Upholds procedural fairness.

Doctrine of Substance Over Form: Concept, Meaning & Applications

December 26, 2023 19639 Views 0 comment Print

Explore the doctrine of substance over form in taxation, its accounting and taxation concepts, applications, examples, limitations, and the impact of GAAR. Learn how courts interpret this principle.

IPL Playing Contract Amount Received by Cricketer R. Ashwin Exempt from Service Tax

December 25, 2023 4833 Views 0 comment Print

CESTAT Chennai held that demand of service tax on amount received by cricket player R. Ashwin from M/s. India Cements Ltd. under IPL Playing Contract is unsustainable in law.

Circulars mandating compliance of section 194A & 194N by co-op societies cannot be challenged under Article 226

December 25, 2023 1419 Views 0 comment Print

Madras High Court held that circulars dated 16.03.2021, 05.08.2021 and 01.04.2021 mandating compliance of provisions of section 194A and 194N of the Income Tax Act by co-operative societies cannot be challenged under Article 226 of the Constitution of India.

Say no to Cash Transactions- Income Tax Dept. Advises

December 25, 2023 50451 Views 0 comment Print

Explore Income Tax Department’s advisory on reducing cash transactions. Learn about societal, individual, and national factors driving the push towards electronic transactions. Dive into the provisions, penalties, and incentives aimed at creating a transparent and accountable financial ecosystem.

MVAT: Manpower Agreement for Maintenance Services is not Sale Contract

December 25, 2023 2268 Views 0 comment Print

Bombay High Court held that an agreement for providing manpower to perform maintenance services is not a contract of sale but is a contract for service under the provisions of the Maharashtra Value Added Tax Act, 2002.

Sole Proprietorship & Company Merger/Amalgamation is Prohibited

December 25, 2023 11646 Views 0 comment Print

NCLT Delhi held that an amalgamation of a Sole Proprietorship Firm with a Company is not permissible under the law. Thus, Merger and Amalgamation of sole proprietorship firm and company is not possible u/s 232 of Companies Act, 2013.

Advance ruling is binding on authorities in absence of any change in law/ facts

December 25, 2023 1953 Views 0 comment Print

Bombay High Court held that in absence of change in law/ facts, advance ruling pronounced by the authority shall be binding on the application and also on the Principal Commissioner of Customs or Commissioner of Customs and the customs authorities subordinate to him.

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