Commercial Taxes Department identified 3.26 lakh dealers as not having paid a single rupee as GST during the year 2021-2022. Similarly, about 1.94 lakh dealers who paid less than Rs. 1000 as GST for the entire year were also identified.
Notification No. 19/2022-Customs (ADD)- Seeks to extend the levy of ADD on import of Toluene Di-isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP,by amending notification No. 3/2018-Customs (ADD) dated 23-01-2018. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 3rd June, 2022 Notification No. 19/2022-Customs (ADD) G.S.R. 417(E).—Whereas, the designated authority […]
Insurance Regulatory and Development Authority of India Order No. IRDAI/F&A/ORD/MISC/109/6/2022 | Dated: 02nd June 2022 Sub: – In the matter of Aditya Birla Health Insurance Co. Ltd. – Section 40C Exemption Order 1. Section 40C of Insurance Act, 1938 read with Regulation 11(i) of the IRDAI (Expenses of Management of Insurers transacting General or Health Insurance Business) Regulations, 2016 […]
ICAI notifies Draft Chartered Accountants (2nd Amendment) Regulations, 2022 vide notification dated 2nd June, 2022. and invites Public Comments on the Proposed Scheme of Education and Training The Ministry of Corporate Affairs has accorded its in-principle approval on the Proposed Scheme of Education and Training and draft amendments in the Chartered Accountants Regulations related thereto. In […]
RBI permits 14 reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of Money-laundering Act
Notification No. 3/2022-Customs (CVD), Dated: 02.06.2022- seeks to provide for provisional assessment of Saccharin, exported from Thailand into India, till the completion of anti-circumvention investigation concerning alleged circumvention of countervailing duty imposed on Saccharin from China PR. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 2nd June, 2022 Notification No. 3/2022-Customs (CVD) G.S.R. 414(E).—Whereas, […]
ACIT Vs Durga Granites (ITAT Hyderabad) ITAT held that if the partners of the assessee-firm had introduced the cash in their respective books and thereafter transferred the same to the books of the assessee firm then probably the onus may be on the partners of the assessee firm to establish the source of the cash […]
Netra Software Technologies P Ltd. Vs ACIT (CPC) (ITAT Bangalore) In the present case, the assessee has not enclosed any evidence along with the return suggesting completion of construction of commercial building and its readiness to let out, as such the ACIT(CPC) denied the interest claimed by the assessee by way of intimation sent to the […]
CIT LTU Vs Nuclear Power Corporation of India Ltd. (Supreme Court ) We have some reservations on the observation made in the impugned judgment that the Commissioner, while exercising the power of revision under Section 263 of the Income Tax Act, 1961, cannot examine an issue on merits. However, we are not inclined to issue […]
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