CESTAT held commercial shop rentals by a church were taxable after 1 July 2012. Exemption under Notification 25/2012-ST was denied.
Bombay HC held that pendency of a writ petition does not prevent authorities from undertaking provisional assessment of imports after DGTR’s final recommendation.
Tripura High Court acquitted the accused after finding the complainant failed to prove financial capacity and valid statutory notice under Section 138 NI Act.
CESTAT held that customs value cannot be re-determined under Rule 8 without first exhausting Rules 5 to 7A, resulting in most duty demands being set aside.
Explains when to issue a Tax Invoice or Bill of Supply under GST and how the correct document helps avoid ITC disputes, notices, and penalties.
The article argues that SEBI’s AIF reforms rely heavily on investor accreditation but leave gaps in disclosure, accountability and systemic oversight.
The article explains that GSTAT can condone delay only within the statutory extension under the CGST Act, unlike CESTAT.
CS 04 scrutiny examines whether trusts and NGOs validly claimed exemption in ITR-7 despite registration, approval, renewal, cancellation, or withdrawal issues.
The article explains that trademark registration protects the composite mark as a whole, while Section 17 restricts exclusive rights over unregistered or non-distinctive components.
Asset tagging helps simplify physical verification, strengthens internal controls, improves Fixed Asset Register accuracy, and enhances audit evidence before year-end audits.
