iTAT held that issuance of SCN, mentioning proposed additions under 144B(xvi), is a mandatory requirement and any assessment order passed without issuance of SCN is bad in law.
In absence of issue in SCN on which duty is been demanded and in absence of evidence to show demand of duty cannot be sustained.
ITAT held that appellant having deducted the tax has obligation to file TDS statements within prescribed time limit which she failed to fulfil by filing the statement with delay. Therefore, late fee u/s 234E is justified for delayed period.
F.No. 466/32/2022-Cus.V Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Room No. 227A, North Block, New Delhi ***** Circular No. 01/2023-Customs | Dated 11th January, 2023 To, Pr. Chief Commissioners/Chief Commissioners (Customs or Central Tax & Customs) Pr. Directors General/Directors General, all under CBIC Pr. Commissioners/Commissioners of […]
Last date of Import of Crude Soya Bean Oil under TRQ has been revised to 31.03.2023. Further, no allocation of TRQs for import of Crude Soya bean Oil shall be made for Financial Year 2023-24.
As per Sec. 117(3)(g) of the Companies Act, 2013, the provisions of this section shall apply to – (g) resolutions passed in pursuance of sub-section (3) of section 179. As per Sec. 179(3)(g) of the Companies Act, 2013, the Board of Directors of a company shall exercise the following powers on behalf of the company […]
With effect from 01.05.2023, only those real estate agents who have a valid MahaRERA Real Estate Agent Certificate of Competency can apply for MahaRERA real estate agent registration / renewal of registration.
In order to enhance liquidity in the bond market and also to provide opportunity to the investors to hedge their positions, SEBI had constituted a working group of representatives of NSE, BSE and MSEI to make recommendations on the matter of ‘Derivatives on Bond Indices.’
MCA imposes total penalty of Rs. 10,28,000 on ‘Access Technet Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTRAR OF […]
The system and framework of the Indian Economy is quite different as compared with others. India is a country with mixed economy, both public sector and private sector plays a huge role in the overall economic growth of the country.
