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SC directs Govt to levy Provisional Anti Dumping Duty on LDPE

April 23, 2023 1800 Views 0 comment Print

Non levy of Anti Dumping duty is causing grave irreparable injury and prejudice to the Indian Manufactures on a daily basis.

Cancellation of GST Registration – HC directs revocation on payment of dues & filing of returns

April 22, 2023 570 Views 0 comment Print

Since the cause for which petitioner’s GST registration was cancelled was not clear from the cancellation order, therefore, learned State Counsel was asked to get instructions in the matter. Today, on instructions, he makes a statement that petitioner’s GST registration was cancelled for non-filing of GST returns for six consecutive months.

Petitioner cannot ride on two horses by filing both Appeal & writ petition

April 22, 2023 1356 Views 0 comment Print

As petitioner is already before Appellate Authority, so it is not appropriate to detain the petition, as petitioner cannot ride on two horses: HC

60% Depreciation Allowable on Software Licenses

April 22, 2023 2211 Views 0 comment Print

w.e.f. 1.4.1999 computer software been included with computers for rate of depreciation in Rules, entitling assessee to 60% depreciation rate

Service Tax on Brand Promotion Payment by Nike India during IPL to players

April 22, 2023 681 Views 0 comment Print

CESTAT Ahmedabad exempts IPL player Ajitesh Kamlesh Argal from service tax on remuneration, setting a precedent on employment vs brand promotion in sports.

HC dismisses State application for condonation of Delay of 3502 days

April 22, 2023 591 Views 0 comment Print

Revision under Section 55 of Uttarakhand VAT Act to assail order dated 22.04.2013, with application to seek condonation of delay of 3502 days

Hair Transplant is a cosmetic surgery & liable to service tax levy

April 21, 2023 7242 Views 0 comment Print

Hair Transplant is neither undertaken to restore or reconstruct anatomy or its functions, nor the procedure of hair transplant restores developmental abnormalities degenerative diseases, injury or trauma. We find that hair transplant is a medical procedure to improve outer look of the body for time being and it does in any way contributes to the anatomy or functions of human body.

Notification No. 23/2023-Income Tax, Dated: 21.04.2023

April 21, 2023 210972 Views 5 comments Print

Central Government hereby approves ‘National Institute of Design, Ahmedabad (PAN: AAATN1137D)’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.

NFRA imposes 3 Lakh Penalty on auditor for failure to identify & report material mistatements

April 21, 2023 2397 Views 0 comment Print

The Audit lapses identified as a result of examination of the Audit File, related material on record and the personal hearing conducted, have been cetegorized into major lapses and other lapses

Section 271(1)(c) Penalty cannot be levied without issuing proper SCN

April 21, 2023 4122 Views 0 comment Print

If initiation of penalty is one limb & levy of penalty is on other limb, then in absence of proper SCN, there is no merit in levy of penalty

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