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Once Cenvat credit is debited, it is as good as not taking credit at all

March 18, 2022 2601 Views 0 comment Print

Linkwell Telesystems Pvt Ltd. Vs Commissioner of Central Tax (CESTAT Hyderabad) The first question to be answered in this case is if some credit has been taken and thereafter reversed as has been done by the Appellant in this case with respect to part of the credit, does it amount to not taking a credit […]

Income Tax Department searches a cable operator of Mumbai

March 18, 2022 789 Views 0 comment Print

Income Tax Department carried out a search operation on 08.03.2022 on a cable operator of Mumbai, a State Govt employee and the businesses related to him. A total of 26 premises spread over Mumbai, Pune, Sangli and Ratnagiri were covered.

No Prohibition in incorporating the name of a non-citizen as legal guardian in passport of a minor child

March 17, 2022 4446 Views 0 comment Print

Chaitanya S.Nair (Minor) Vs Union of India (Kerala High Court) Parents of the petitioner had divorced by mutual consent and the custody of the petitioner was given to the mother. Though the biological father has been given visitorial rights, that right is at the convenience of the parties. The third respondent has submitted in Court […]

HC refuses to cancel bail of CA Couple in case of alleged fraud with client

March 17, 2022 4173 Views 0 comment Print

Rita Bhutani Vs State of NCT of Delhi Through Sho & Anr. (Delhi High Court) This petition has been filed under Section 397 (1) CrPC read with Section 482 CrPC challenging Order dated 11.03.2019, wherein Respondent No.2 was granted bail by the learned ACMM (South), Saket Courts as well as Order dated 06.01.2021 passed by […]

ICSI UDIN Amnesty Scheme, 2022 & eCSIN Amnesty Scheme, 2022

March 17, 2022 1761 Views 0 comment Print

The members applying under ICSI – eCSin Amnesty Scheme, 2022 shall be granted immunity from the applicability of the provisions of the eCSin Guidelines, 2019 in respect of the eCSin for which request under this Amnesty Scheme has been made and disciplinary proceedings shall not be initiated entertained in this respect.

FIRC submission allowed in case of exports to OFAC listed countries under Advance Authorization

March 17, 2022 2160 Views 0 comment Print

Guidelines of ANF-4F of Handbook of Procedures, 2015-­2020 has been amended to allow submission of FIRC in case of exports made to OFAC listed countries under Advance Authorization. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Public Notice No. 50/2015-2020-DGFT | Dated  17th […]

SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2022

March 16, 2022 1974 Views 0 comment Print

These Regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Request for extension of Time Barring Date for Faceless Assessment

March 16, 2022 7407 Views 0 comment Print

Income Tax Gazetted Officers Association has made a request to Honourable Finance Minister for extension of the Time Barring Date for certain proceedings exercising the power vested in the GOI Income Tax Gazetted Officers Association President ARAVIND TRIVEDI (7599101090) trivediaravind@yahoo.co.in Secretary General BHASKAR BHATTACHARYA (8902198888) secgenitgoachq@gmail.com Date: 10.03.2022. To The Honourable Finance Minister, Government of […]

ITC available on evaporation loss of petrol pumps: HC

March 16, 2022 11718 Views 0 comment Print

Excise and Taxation Commissioner Vs Gupta Brother (Punjab and Haryana High court) Issue –Whether in the facts and circumstances of the case the assessee is entitled to ITC under the provisions of the Act on evaporation/handling losses of the petroleum products? Held – The question is answered in favour of the dealer i.e. assessee shall […]

GST: Mismatch of quantity during roadside checking, cannot be termed as section 129 contravention

March 16, 2022 4911 Views 0 comment Print

Hon’ble Punjab and Haryana High Court in the case of Raghav Metals Vs State of Haryana and others held that the mismatch of quantity during roadside checking, cannot be termed as contravention under section 129 of the CGST/SGST Act, 2017.

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