India’s 56th GST Council meeting brings extensive rate cuts for goods and services, trade facilitation measures, and institutional reforms.
ITAT Delhi held that non-resident company assessee was not having any control over employees seconded by it to Indian entity and hence there cannot be any fixed place Permanent Establishment [PE] of the assessee in India. Accordingly, appeal allowed.
The Institute of Chartered Accountants of India confirms that the upcoming CA examinations will proceed as per the previously announced schedule. Students should check the timetable and report to their centres on time.
Chartered Accountants Association, Surat (CAAS), demands deadline extensions from the CBDT due to late utility releases, portal glitches, and new compliance burdens.
The AO completed the assessment u/s.147 r.w.s. 144B of the Act vide order dated 02.03.2023. In the said reassessment order, the AO treated the income received from Kanchipuram Central Co-operative Bank Ltd.
ITAT Pune held that excess sugarcane price paid to the members and sale of sugarcane at concessional rate needs fresh consideration and accordingly, the matter is restored back to the file of AO.
ITAT Pune held that ex-parte order sustaining addition under section 69A of the Income Tax Act on account of non-compliance on the part of the assessee not justified since relevant notice and order were served to old e-mail of the assessee. Accordingly, matter restored back to the file of AO.
Assessee contended that he had closed operations on 28.07.2017 and sought new registration under M/s Samyak Fashion (India). His provisional GSTIN under M/s Samyak International was allegedly misused by unknown persons, leading to wrongful availment and passing on of ITC.
CESTAT Mumbai held that double payment of amount of customs duty is only a deposit with government and hence question of applying limitation under section 27 of the Customs Act would not arise. Accordingly, order is set aside and appeal is allowed.
CESTAT Delhi held that interest u/s. 75A is payable at the rate specified in section 27A of the Customs Act from date after expiry of the period of one month of ‘let export order’ to date of payment of drawback. Accordingly, appeal allowed to that extent.
