Corrtech International Pvt. Ltd. Vs DCIT (ITAT Ahmedabad) The Assessing Officer disallowed the claim of Service Tax on the ground that the said demand was related to earlier years and the said Service Tax liability of the assessee or the recipient was on that point of time disputed by the parties. The Assessing Officer has […]
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 11th May, 2022 G.S.R. 358(E).— In exercise of the powers conferred by clause (e) of sub-section (2) of section 29 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government hereby makes the following amendments in the Micro, […]
The company has stated in its application that the auditor was not able to conduct the audit in timely manner also the auditor was unwilling to visit the company even after multiple request made by the company.
Principal Commissioner Vs Rana Electronics and Home Appliances (National Anti-Profiteering Authority) In this case Respondent has contravened the provisions of Section 171 (1) of the CGST Act, 2017. However, since, the penalty prescribed under Section 171 (3A) of the CGST Act, 2017 for violation of the above provisions has come in to force w.e.f. 01.01.2020 […]
Karim Jaria Vs Commissioner of Customs (Import-I) (CESTAT Mumbai) CESTAT held that Reliance on statements alone is too fragile a foundation to build a case of undervaluation; such depositions are reliable only with corroborative support. In the absence of corroboration, test of cross-examination is of essence, as mandated by section 138B of Customs Act, 1962, for […]
In re Indian Oil Corporation Ltd. Vs. Gopal Teknocon Private Limited (National Anti-Profiteering Authority) The brief facts of the case are that an Application was filed by the Applicant No. 1 under Rule 128 of the CGST Rules, 2017 before the State Screening Committee on Anti-Profiteering alleging profiteering by the Respondent, in respect of awarding […]
CBDT vide Notification No. 51/2022-Income Tax Dated 9th May, 2022 amended FORM No. 3CF, Form 10A, FORM No. 10AB, FORM No. 10BD, FORM No. 10BE. MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] Notification No. 51/2022-Income Tax New Delhi, the 9th May, 2022 G.S.R. 343(E).—In exercise of the powers conferred by clauses (i), (ii), […]
RBI, hereby declares that the provisions of sub-section (1) of section 15 of the said Act shall not apply to a banking company for a period upto 31st March, 2026, in so far as it relates to the treatment of unamortised expenditure on account of enhancement in family pension as set out in the RBI.
Commissioner of Commercial Taxes, Telangana, Hyderabad, the Government have decided to introduce a One Time Settlement Scheme to settle disputed tax under the legacy Acts such as Andhra Pradesh General Sales Tax Act, 1957, the Telangana Value Added Tax Act, 2005, the Central Sales Tax Act, 1956 and the Telangana Entry of the Goods into Local Areas Act, 2001
ITAT Delhi rules in favor of Anup Service Station, allowing deduction for delayed deposit of PF & ESI contributions. Legal analysis and implications of the decision.
