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ITAT Imposes ₹5,500 Cost on Assessee for Non-Appearance Before CIT(A)

October 18, 2023 522 Views 0 comment Print

Read about the ITAT Mumbai’s decision in the case of Sanghamitra Prakash Patel vs. ITO where a penalty was imposed on the assessee for failure to appear before the CIT(A).

Verify Data from Balance Sheet as SVB Findings Not Binding: CESTAT

October 18, 2023 654 Views 0 comment Print

Read about CESTAT Mumbai’s decision in the case of GlaxoSmithKline Asia Pvt Ltd versus Commissioner of Customs, where findings of SVB were not considered binding.

Madras HC Quashes Cheque Dishonour Case as Illegal Claim Can’t Be Construed as Legal

October 18, 2023 1191 Views 0 comment Print

Madras High Court quashes a cheque dishonour case, ruling an illegal claim cannot be construed as legal. Detailed analysis of Davidraj Vs V. Pavel’s case

CENVAT Credit of Service Tax Paid Under Reverse Charge Mechanism is allowed

October 18, 2023 822 Views 0 comment Print

Read about CESTAT Delhi’s decision in the case of Incredible Indian Moments Pvt Ltd versus Commissioner (Appeals) and Additional Director General, where Service Tax demand on tour operators was quashed.

No Service Tax on Computer Linkage Charge received by stock broking company

October 18, 2023 600 Views 0 comment Print

CESTAT Ahmedabad rules in favor of Edelweiss Financial Advisors Ltd., stating no service tax on computer-to-computer linkage charges for stock broking companies. Details of the case here.

Income Tax Raids in Karnataka, Andhra Pradesh and Telangana

October 17, 2023 1608 Views 0 comment Print

Income Tax Department’s recent searches reveal tax evasion schemes by contractors, leading to unaccounted cash and asset creation. Details of operation.

171 days delay in CS Appointment – MCA Imposes Rs. 13.23 Lakh Penalty

October 16, 2023 1005 Views 0 comment Print

MCA imposes a penalty of Rs. 13.23 Lakh on Misys Trade and Risk Management India Private Limited for a 171-day delay in appointment of a whole-time Company Secretary.

SEBI Master Circular for Stock Exchanges & Clearing Corporations

October 16, 2023 2688 Views 0 comment Print

Discover the latest SEBI Master Circular for Stock Exchanges and Clearing Corporations issued in 2023. Understand the regulatory framework and its implications.

Assessing Officer Duty bound to Justify Disallowance under Section 40(A)(2)(a)

October 15, 2023 1575 Views 0 comment Print

In Mehra Jewel Palace Pvt Ltd Vs PCIT, the Delhi High Court examines the duty of Assessing Officers to justify disallowance under Section 40A(2)(a) of the Income Tax Act.

GST payable on web based spot billing & collection of payment services for water supply

October 14, 2023 1170 Views 0 comment Print

BCITS Pvt Ltd (GST AAR Haryana) provides taxable services, including water billing software and database maintenance, to Municipal Corporation Gurugram.

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