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Kerala GST – Allocation of Adjudication Files to Deputy Commissioners

May 25, 2023 933 Views 0 comment Print

Office of the Commissioner of the State Goods and Services Tax (SGST) Department in Kerala has issued Circular No. 11/2023 regarding the allocation of adjudication files to Deputy Commissioners of Taxpayer Services Vertical and Deputy Commissioner Adjudication. The circular aims to streamline the distribution of work among Deputy Commissioners of Taxpayer Services and Deputy Commissioners […]

Mock Test Papers Series – II for June 2023 CA Foundation Exam

May 7, 2023 10737 Views 0 comment Print

Board of Studies (Academic) is commencing Mock Test Papers Series – II from 22nd May for students of CA Foundation course appearing in June 2023 examination.

Benefit of Notification 67/1995-CE cannot be denied if appellant is fulfilling requirement of Rule 6 of Cenvat Credit Rules

May 4, 2023 600 Views 0 comment Print

In case obligation under Rule 6(3) of Cenvat Credit Rules is fulfilled in respect of the goods cleared under full exemption then benefit of Notification 67/1995-CE dated 16.03.1995 cannot be denied.

No Penalty for Concealment of Income on Ad-hoc Addition reduced by ITAT

May 3, 2023 975 Views 0 comment Print

Sawailal Bhatti Vs ITO (ITAT Mumbai) ITAT find that the assessee had filed all the details of purchases and corresponding sales had not been doubted. The sources of purchases are from the books and overall trading results have been accepted. Only allegation is that assessee has taken accommodation bills for the purchase of items to […]

Forfeiture of Earnest Money Deposit is allowable Expenditure

May 3, 2023 1218 Views 0 comment Print

Assessee tried to recover forfeited money and when all efforts to recover forfeited money went in vain the same been claimed as expenditure

Illegal exports of Katamine: HC denies bail to accused

May 2, 2023 819 Views 0 comment Print

There was no condition to furnish passport in order dated 15th January, 2020. He has furnished documents about business trip to Dubai. It is pertinent to note that the order granting anticipatory bail is challenged before this Court.

SC quashes condition of deposit for granting bail

May 2, 2023 816 Views 0 comment Print

Supreme Court decision in Anatbhai Shah Vs State of Gujarat. Condition to deposit Rs.2 crores set aside. Learn about the ruling’s impact.

Section 271C penalty cannot be levied for mere delayed payment of TDS  

April 28, 2023 1725 Views 0 comment Print

No penalty is envisaged under Section 271C of the Income Tax Act for non-­deduction and for belated remittance /payment/deposit of the TDS.

ALP determined by ITAT can be challenged before HC for perversity & non observance of TP rules: SC

April 28, 2023 1137 Views 0 comment Print

Tribunal Decision determining ALP can be challenged on grounds of perversity & non observance of transfer pricing rules in individual cases

Customs Value declared by Assessee cannot be enhanced without rejecting it under Rule 12  

April 28, 2023 282 Views 0 comment Print

Enhancement of value of imported goods based on NIDB data and circular issued by DGOV without rejecting declared value under Rule 12 of Customs Valuation Rules, 2007 is not proper.

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