On the other hand, it was submitted by the that the state-of-the-art Auditorium is used for conducting seminars, workshops which is integral part of scientific research work by IISc, Bangalore and therefore, assessee is eligible for deduction u/sec.35(1)(ii).
Petitioner is a Pvt. Ltd. Company and registered with GST department. Petitioner was an authorized dealer of Ford India Pvt. Ltd. and was engaged in selling of motor cars, vehicle and part thereof and their repair and services.
Trust has adopted the mercantile system of accounting for the AY 2011-12 for which depreciation of ₹ 8.55 lakhs is to be accepted which the authorities have not accepted, same ought to have been allowed as depreciation being notional expenditure.
A resident must show his foreign assets in FA Schedule. Non-disclosure of which can lead to penalty u/s 43 of BMA. As assessee didnot disclosed foreign assets in FA schedule so AO issued show cause notice on 26.09.2023.
In the matter aforementioned, Hon’ble Delhi HC allowed petition under article 227 of the Constitution of India after considering that trial court cannot initiated new proceedings once it pronounces final decree of judgment and become Functus Officio (having fulfilled one’s duty).
In the matter abovementioned Delhi HC dismissed appeal filed by revenue after observing that there is no allegation or finding that cash had been received back by the assessee in respect of the purchases reflected in its books of account.
The assessee’s application, which was filed on 9-2-2017, was rejected by the Assistant Commissioner and later by the Commissioner (Appeals) on the grounds that it was submitted beyond the six-month deadline stipulated under Section 102(3) of the Act.
The petitioner filed writ petitions under article 226 of the Constitution of India challenging the impugned order dated 31.01.2025, in which the Assistant Commissioner of Customs, Indore, rejected the application filed under Section 58 r/w Section 65 of the Customs Act, 1962.
Delhi CESTAT in the abovementioned matter set-aside order confirming suspension of custom broker license of the appellant and directed that the original license and all the F/G/H cards, if already surrendered to the Customs, shall be returned to the appellant.
Section 168A of the CGST was inserted as an extraordinary measure to empower the Government to extend time limits due to force majeure circumstances, specifically the severe impact of the COVID-19 pandemic.
