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Non-Constitution of Tribunal – GST dept cannot deprive Assessee of Benefits

April 27, 2023 1077 Views 0 comment Print

Kumar Ram Ranjan Singh Vs State of Bihar (Patna High court) The instant writ petition has been filed under Article 226 of the Constitution of India seeking multifarious reliefs. The petitioner essentially is desirous of availing statutory remedy of appeal against the impugned order before the Appellate Tribunal (hereinafter referred to as “Tribunal”) under Section […]

Master Circular – Deendayal Antyodaya Yojana – DAY-NRLM

April 26, 2023 11763 Views 0 comment Print

Explore the comprehensive Master Circular on Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) by RBI. Learn about financial assistance, eligibility criteria, and role of banks

Amnesty Scheme for one time settlement of default in export obligation

April 26, 2023 2028 Views 0 comment Print

Amending Customs Notifications to implement the Amnesty Scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders notified by DGFT Vide Notifications No. 32/2023-Customs Dated: 26th April, 2023 MINISTRYOF FINANCE (Department of Revenue) Notifications No. 32/2023-Customs |Dated : 26th April, 2023 G.S.R. 316(E).—In exercise of the powers conferred by […]

Section 54B Exemption on payment for purchase of land against advance received

April 26, 2023 3999 Views 0 comment Print

Inderjit Singh Mann Vs ACIT (ITAT Chandigarh) The assessee has filed copy of the sale deed dated 19.2.2009 in the paper book in which it is specifically mentioned that assessee received various advances from the purchasers on different dates in the year 2007 before execution of sale deed. According to the chart prepared by the […]

GST Proceedings against owner not driver If documents clearly establish name of consignor

April 26, 2023 951 Views 0 comment Print

Once the documents clearly establish the name of the consignor, who is a registered dealer in the State, the proceedings should have been initiated against the owner of the firm instead of the driver, so as to enable him to respond to the notice.

CBIC amends Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003

April 26, 2023 2034 Views 0 comment Print

Seeks to amend Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003 vide  Notification No 20/2023-Central Excise Dated: 26th April, 2023 MINISTRTY OF FINANCE (Department of Revenue) New Delhi Notification No 20/2023-Central Excise Dated: 26th April, 2023 G.S.R. 317(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, […]

No Service Tax on Construction of Residential Complexes before 01.07.2010

April 26, 2023 1437 Views 0 comment Print

CESTAT held that no Service Tax could be levied on construction of residential complexes prior to 01.07.2010 even when service is rendered either as service simpliciter or as a works contract.

Modifications in the requirement of filing of Offer Documents by Mutual Funds

April 25, 2023 891 Views 0 comment Print

SEBI decided that AMCs shall file all final offer documents (final SID and final KIM) only digitally by emailing the same to a dedicated email id. viz: imdsidfiling@sebi.gov.in and there would be no requirement of filing of physical copies of the same with SEBI.

RBI reviews General Credit Card (GCC) Facility

April 25, 2023 3009 Views 0 comment Print

GCC Scheme shall henceforth be called General Credit Card (GCC) Facility.. The instructions shall apply to all banks which are eligible to issue credit cards under the above Master Direction.

CIT(A) cannot consider additional evidence without calling remand report from AO

April 25, 2023 2661 Views 0 comment Print

CIT (A) on the basis of certain documents filed by assessee deleted addition without calling for any remand report from AO or without giving any opportunity to AAO to verify documents.

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