Sponsored
    Follow Us:

Requirement of filing Form 67 is directory in nature

January 16, 2023 1509 Views 1 comment Print

ITAT held that requirement of filing Form 67 is directory in nature which is evident from the fact that Rule 128(9) does not contemplate disallowance of FTC in case of delay in complying with such condition.

Service tax on amount recoverable from trainees for Notice Pay- CESTAT directs re-adjudication

January 16, 2023 465 Views 0 comment Print

He pointed out that when trainees are employed by the appellant, the appellant spent a significant amount of time and money in training the employees therefore, the employment contract has various conditions put on the trainees. In case the trainee breaches any of those conditions, a specific amount is recoverable from the trainees. The said amount is also sought to be taxed under Section 66E(e) of the Finance Act, 1994.

Notice sent on Incorrect Address: Valid service of notice cannot be presumed

January 16, 2023 1449 Views 0 comment Print

Global Construction (A Proprietorship Firm) Vs Union of India (Jharkhand High Court) The appeal has been rejected by the Commissioner (Appeals), Central Goods & Services Tax and Central Excise, Ranchi only on the point of limitation since it was preferred after almost 2 years and 9 months on 29.09.2021. Under Section 85 of the Finance […]

GST: HC refuses to allow presence of Advocate during Statement Recording by DGGI

January 16, 2023 1146 Views 0 comment Print

Ramesh Jethi Vs Directorate General of GST Intelligence (Delhi High Court) 1. This petition is filed with the following prayers:- (a) Issue a Writ of Mandamus directing the officers working under the charge and subordinate to learned Respondent to permit presence of Petitioner’s counsel while interrogating in conformity with the law propounded by the Hon’ble […]

OVAT: Reopening of assessment based on mere objection of AG (Audit) is invalid

January 16, 2023 603 Views 0 comment Print

R.K. Industries Vs State of Odisha (Orissa High Court) The factual finding by the JCST was that the reopening of the assessment was done by the AO by simply accepting the objection of the AG (Audit) without forming independent opinion on whether such objection by the AG (Audit) was correct or not. There was no […]

Fine for overloading paid to RTO is an allowable expenses under Section 37

January 15, 2023 2298 Views 1 comment Print

Kiran Roadlines Vs ACIT (ITAT Rajkot) The assessee is a registered firm in the business of transportation. It appears that for A.Y. 2004-05 & 2005-06 identical penalty debited to P&L account has been allowed by he Ld. CIT(A). In appeal preferred before the ITAT by the Revenue dated 06.03.2009, the Hon’ble Bench has been pleased […]

AO must give TDS credit on furnishing of TDS certificate by Assessee despite mismatch with NSDL data

January 15, 2023 3075 Views 0 comment Print

Machine Tools India Ltd. Vs ACIT (ITAT Kolkata) CBDT has issued instruction from time to time to the AO’s qua the manner of processing the return and giving TDS credit. Delhi High Court in the case of Own Motion and Ors. Vs. CIT & Ors. In [2013] 352 ITR 273 (Delhi) issued seven mandamuses for […]

Inter-state/intra-state transaction dispute: Assessee cannot be compelled to pay GST twice on same services

January 15, 2023 2310 Views 0 comment Print

Issue of inter-state/intra-state transaction is Ilegal issue & petitioner cannot be compelled to pay GST on services rendered by it twice.

Incentive scheme for promotion of RuPay Debit Cards & low-value BHIM-UPI transactions (P2M)

January 14, 2023 1386 Views 0 comment Print

The Government is taking various initiatives to promote digital payments. Over past few years, digital payment transactions have witnessed tremendous growth across the country with the number of transactions growing from 2,071 crore in FY2017-18 to 8,840 crore in FY2021-22.

Transfer not complete if possession not delivered to purchaser

January 14, 2023 5196 Views 0 comment Print

ACIT Vs Shree Ami Office Owner’s Association (ITAT Ahmedabad) The issue for consideration is the year of taxability of the property. We observe that in the instant case, both the registered sale deed as well as the possession of the property was transferred in the subsequent financial year i.e. financial year 2007-08. The complete payment […]

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031