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Archive: 02 October 2024

Posts in 02 October 2024

Differential duty demand confirmed as brush cutter mis-declared as power operated reapers: CESTAT Bangalore

October 2, 2024 201 Views 0 comment Print

CESTAT Bangalore held that differential duty demand u/s. 28(4) of the Customs Act sustainable as investigation clearly established that product ‘Brush Cutter’ mis-declared and cleared as ‘Power Operated Reapers’.

Incorrect calculation of income rectifiable u/s. 154 and not by invoking jurisdiction u/s. 263: ITAT Ahmedabad

October 2, 2024 351 Views 0 comment Print

PCIT set aside the assessment order and directed the Assessing Officer to pass fresh order and compute correct taxable income by giving opportunity of hearing to the assessee. Being aggrieved against the revision order, the assessee has preferred the present appeal.

Provisional attachment justified as basic exercise of estimating value of GST conducted: Delhi HC

October 2, 2024 213 Views 0 comment Print

Delhi High Court held that formation of opinion on the basis of material is necessary for exercising power of provisional attachment under section 83(1) of the CGST Act. Provisional attachment justified as exercise of estimating value of GST conducted.

Blocking of credit under Rule 86A is not a tool for tax recovery: Delhi HC

October 2, 2024 1038 Views 0 comment Print

Delhi HC rules that blocking ITC under Rule 86A cannot exceed the balance in the Electronic Credit Ledger (ECL) and should not be used for tax recovery.

Analysis of Notifications and Circulars for Week ending 29th September 2024

October 2, 2024 1251 Views 0 comment Print

Latest updates on income tax, GST, IBBI, and minimum wage revisions issued during 23rd-29th Sept 2024. Includes key circulars, deadlines, and court rulings.

Incorporation of Section 8 Company Under Companies Act, 2013: A Guide

October 2, 2024 2061 Views 0 comment Print

Learn the steps for incorporating a Section 8 Company under the Companies Act, 2013, including name reservation, documentation, and key benefits.

Investment Treaty Arbitration vs Domestic Courts: Pros & Cons

October 2, 2024 399 Views 0 comment Print

Explore the pros and cons of Investment Treaty Arbitration compared to domestic courts, analyzing neutrality, enforceability, costs, transparency, and more.

Chinese Stimulus: The Key to China’s Economic Shift & Global Recovery

October 2, 2024 285 Views 0 comment Print

China’s stimulus marks a shift, focusing on steady economic recovery through gradual reforms. Key sectors include EVs, exports, and reduced dependency on real estate.

How Does Fixed Deposit Work?

October 2, 2024 984 Views 0 comment Print

When it comes to managing your finances, the importance of investing and saving wisely cannot be understated. Today, safeguarding your future and having a safety net against any future financial burden is essential.

Benefits to trading CFDs rather than traditional investments in stocks and other types of assets

October 2, 2024 1470 Views 0 comment Print

The article will explore the main differences between trading CFDs and traditional investments, underlining exactly what sets CFDs apart and makes them so popular among today’s traders.

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