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Archive: December, 2023

Posts in December, 2023

No TDS on Management Fee to AE as same was Not FTS: Delhi HC

December 20, 2023 1266 Views 0 comment Print

Explore the Delhi High Court judgment on Intertek India vs ITO. No TDS for management fee to Associated Enterprises not classified as ‘Fee for Technical Services.’ Full analysis of the case.

Appeal abates once IRP is appointed and/or Resolution plan approved

December 20, 2023 1071 Views 0 comment Print

Explore the Tiffins Barytes vs. Commissioner of CE & ST case at CESTAT Bangalore. Learn about the abatement of appeal and its implications under Rule 22.

Delhi HC Directs Income Tax Refund Release: Tirupati Buildings Case

December 20, 2023 738 Views 0 comment Print

Delhi High Court orders Income Tax Department to release Rs. 87,89,440 refund to Tirupati Buildings Private Limited, adjusted against outstanding demand for AY 2011-12.

GST Appeal delay: HC dismisses writ as petitioner availed statutory remedy

December 20, 2023 1635 Views 0 comment Print

Explore the Kerala High Court’s judgment on denial of GST transitional credit. Learn how the petitioner availed statutory appellate remedy, and the court’s directive for an expedited appeal decision.

Income Tax Refund adjusted without Section 245 notice: HC directs issue of refund

December 20, 2023 2430 Views 0 comment Print

Delhi High Court directs Income Tax Department to remit Rs 44.6 lakhs refund in the Syed Habeebur Rehman vs. DCIT Circle 28(1) & Ors. case, resolving a dispute over AYs 2010-11 and 2014-15. Full judgment details.

Delhi HC explains what constitute remission or cessation of a trading liability

December 20, 2023 2646 Views 0 comment Print

Delhi High Court rules in CIT Vs Vardhman Overseas Ltd. that non-payment to creditors, shown in balance sheets, doesn’t imply benefit under Section 41(1) IT Act, safeguarding the principle against double taxation benefits.

Corporate Guarantees Under GST – An Exhaustive Analysis

December 20, 2023 27750 Views 1 comment Print

Article is an attempt to highlight constitutional validity of levy of GST on Corporate Guarantees, valuation difficulties, unresolved issues and challenges and possible way out.

Understanding High Pitch Assessment in Income Tax

December 20, 2023 22401 Views 0 comment Print

Explore impact of high-pitch assessments in income tax on small taxpayers. Learn challenges they pose, the need for fairness, and solutions for a transparent taxation system.

Year End Review 2023: Ministry of Commerce & Industry’s Foreign Trade Policy 2023

December 20, 2023 960 Views 0 comment Print

Explore the highlights of Ministry of Commerce & Industry’s Year End Review 2023, including the launch of Foreign Trade Policy 2023, G20 consensus, India-USA collaborations, and key trade agreements. Stay informed with the latest updates in commerce and industry.

RBI Guidelines on AIF Investments: Addressing Evergreening Concerns

December 19, 2023 4272 Views 0 comment Print

Explore the latest RBI circular (RB I/2023-24/90) advising regulated entities on AIF investments, addressing concerns of evergreening through new guidelines.

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