Notification No. 94/2017–Customs Seeks to further amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a deepen the concessional rate of basic customs duty in respect of tariff item 8708 40 00 [gear box and parts thereof, of specified motor vehicles], w.e.f. 1st of January, 2018, when imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA)
Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that wealth tax proceedings cannot be proceed against the assessee when the ownership of the land is in dispute.
It does appear that the E-Way Bill had been downloaded and produced though with some delay but before conclusion of the penalty proceedings.
Information on rejection of invoices on upload of Portal prepared by using Offline Tool It is observed that a large number of invoices, prepared using offline tool, on upload by the taxpayers on the portal, are rejected.
The term Tribunal is derived from the word Tribunes, which means ‘Magistrates of the Classical Roman Republic. Tribunal is referred to as the office of the Tribunes i.e., a Roman official under the monarchy and the republic with the function of protecting the plebeian citizen from arbitrary action by the patrician magistrates.
How can I submit the application for refund of excess balance in Electronic Cash Ledger on the GST Portal? To submit the application for refund of excess balance in Electronic Cash Ledger on the GST Portal, perform the following steps:
During FY 2015-16, the ITD had completed 2.57 lakh scrutiny assessments in the units audited as per the audit plan of FY 2016-17, out of which we checked 2.39 lakh cases. Apart from this, we have also audited 0.30 lakh cases completed in the earlier financial years, during FY 2016-17.
Since assessee had not been served with any intimation or any other communication regarding the grant of interest under section 244A for assessment year 2009-10 and refund in question had been directly credited by department to bank account, the amount of interest had been provided in financial year 2015-16 on receiving of information from AO, therefore, addition being interest under section 244A could not be made by the AO.
It is brought to our notice that some agency banks are not adhering to instructions/ notifications issued by Government (Central as well as States) promptly by stating that further communications have not been received by them from RBI.
The Board has received representations from field formations and other stakeholders for relaxing the requirement for mandatory e- sealing in view of insufficient stock of e-seals with the empaneled vendors.
