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Assignment of additional charge(s) to officers in Pr.CCsIT/Pr.DGsIT/CcsIT/DGsIT grade

June 22, 2022 2223 Views 0 comment Print

Office Order No. 127 of 2022[ Assignment of additional charge(s) to officers in the grade of Pr.CCsIT/Pr.DGsIT/CcsIT/DGsIT] F.No. A-22012/1/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi The 22nd June, 2022 OFFICE ORDER NO. 127 OF 2022 The following officers in the grade of Pr. CCsIT […]

Amendment in Import Policy Condition of Water Melon Seeds

June 21, 2022 3918 Views 0 comment Print

Import of Water Melon Seeds falling under ITC(HS) code 12077090 is ‘Free’ till 30.09.2022. Given import shall be allowed from Kandla (INIXY1) and Mundra (INMUN1) Ports only.

RBI extends timeline for Master direction on Credit and Debit Card

June 21, 2022 1275 Views 0 comment Print

Card-issuers shall seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance.

International Arbitration Centre (Form of Annual Statement of Accounts) Rules, 2022

June 21, 2022 381 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Department of Legal Affairs) NOTIFICATION New Delhi, the 21st June, 2022 G.S.R. 464(E).— In exercise of the powers conferred by clause (f) of sub-section (2) of section 30 read with sub-section (1) of section 26 of the New Delhi International Arbitration Centre Act, 2019 (No. 17 of 2019) the Central […]

Two or more individual supplies in conjunction with each other for a single price is Mixed Supply

June 21, 2022 2736 Views 0 comment Print

In this case there are two or more individual supplies, supplied in conjunction with each other by a taxable person for a single price, which does not constitute a composite supply. Thereby, the supply satisfies all the pre-requisites to be termed as a Mixed Supply.

Referral commission paid to doctors is not allowable as Business expenditure

June 21, 2022 6558 Views 0 comment Print

ITAT held that Referral commission paid to doctors in Violation of the professional conduct is Not allowable as Business Expenditure.

No prudent man expected to keep record of sale proceeds of small amount

June 21, 2022 861 Views 0 comment Print

Mr. Mohan Sambhaji Jagthap Vs ACIT (ITAT Delhi) Appreciating the material on record it can be observed that the Tax Authorities have not doubted the assertion of the Assessee that the father in law was resident of Canada or he held land. When this fact is admitted, the Revenue needed to conduct some enquiry and […]

Addition to income of trust merely for delayed filing of Audit report electronically not justified

June 21, 2022 2742 Views 0 comment Print

DSOB Class of 64 Charitable Trust Vs DCIT (ITAT Delhi) Learned counsel submitted that the addition was made on account of non-furnishing of the audit report in form 10B through electronic mode. Learned counsel submitted that the learned CIT(Appeals) has noted the fact that return of income was filed on 31.08.2018 and the audit report […]

HC directs blocking of website www.Hindustantimes.Tech

June 21, 2022 624 Views 0 comment Print

HT Media Limited & Anr. Vs www.Hindustantimes.Tech & Anr. (Delhi High Court) HC directs blocking of website www.Hindustantimes.Tech is restrained from using the domain name hindustantimes.tech or any other mark, name or domain name, which consists of the word ‘Hindustan Times’ or is deceptively similar to the mark of the HT Media Limited. www.Hindustantimes.Tech is also […]

Expenses to discharge mortgage debt created by previous owner allowable as cost of acquisition

June 21, 2022 1146 Views 0 comment Print

Balram Shitaldas Ahuja Vs ITO (ITAT Pune) The assessee’s sole substantive grievance contested during the course of hearing challenges correctness of both the lower authorities action disallowing its mortgage expenditure of Rs.55 lakhs as cost of acquisition with the corresponding indexation. Distinction between the mortgage created by the previous owner which is discharged by the […]

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