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SSI exemption cannot be denied for use of foreign brand name under agreement

March 5, 2022 597 Views 0 comment Print

Learn about CESTAT Chennai’s decision on Appu Hotels Ltd.’s eligibility for exemption under Notification No.8/2003-CE for using the brand name “Le Royal Meridien

Reopening notice invalid if no tangible material to establish escapement of income

March 5, 2022 1836 Views 0 comment Print

ACIT Vs Sh. Ravi Parkash Aggarwal (ITAT Delhi) ITAT have gone through the reasons recorded. The first four lines consists of a factual information received from the DDIT (Inv.), Mumbai, the second part indicates that it has been established from the report that the assessee has taken accommodation entries and the third part consists of […]

Inspection & examination of goods before shipment is not a technical service

March 5, 2022 2478 Views 0 comment Print

The inspection with regard to quality, quantity and weight of the product pre-shipment of rolling coils, non-alloy steel rolls cannot be treated as technical and managerial services as per the provisions of the DTAA and Section 9(1) of the I.T. Act.

Denial of writ challenging denial of input tax credit for locus standi by HC not justified: SC

March 5, 2022 1260 Views 0 comment Print

Tata Steel Ltd. Vs The State of Jharkhand (Supreme Court of India) During the course of hearing of this appeal, the learned senior counsel agree that the reasoning given by the High Court in the impugned judgment on the locus standi of the appellant is not justified and correct. The appellant is a registered company, […]

Administrative lapse on part of Appellants representative – ITAT condone delay

March 5, 2022 519 Views 0 comment Print

There was no ill-motive behind for not filing appeal in time and assessee had also filed affidavit, stating the reasons and requested Tribunal to condone the delay which occurred due to administrative lapse on part of his representative.

Petitioner is entitled to exclusion of time spent in prosecuting the proceeding bona fide in a court without jurisdiction.

March 4, 2022 2394 Views 0 comment Print

KLJ Organic Ltd. Vs CIT Vs (Delhi High Court) In the opinion of this Court, Section 14 of the Limitation Act, 1963 is attracted to the facts of the present case and the Petitioner is entitled to exclusion of time spent in prosecuting the proceeding bona fide in a court without jurisdiction. This Court is […]

Chartered Accountants (Amendment) Regulations, 2022

March 4, 2022 8031 Views 0 comment Print

These regulations may be called the Chartered Accountants (Amendment) Regulations, 2022. (2) They shall come into force on the date of their final publication in the Official Gazette.

Draft notification of Motor Third Party Premium Rates for FY 2022-23

March 4, 2022 39006 Views 0 comment Print

A draft notification to prescribe base premium for Motor Third Party Insurance Premium for the Financial Year 2022-23 has been prepared and attached as Annexure B, along with Basic methodology used for arriving at the Premium Rates for Motor Third Party Insurance Cover for the Financial Year 2022-23 (Annexure -A to this letter), for inviting objections and suggestions from all persons likely to be affected thereby, before the expiry of 10 days from the date the same is placed on the MoRTH Et IRDAI website and made available to the public.

No service tax under RCM on foreign commission in absence of Service Provider & Consideration

March 4, 2022 1572 Views 0 comment Print

CESTAT Ahmedabad rules in favor of Aquamarine Exports, stating no service tax liability on commission deducted from export invoices.

Clarification with regard to CA/CA Firms registering on GeM Portal

March 4, 2022 4803 Views 0 comment Print

It is hereby clarified that the Chartered Accountants in Practice/Firms of chartered accountants are permitted to register on GeM Portal for rendering professional services. The information being published on the portal should be in compliance with the provisions of Code of Ethics.

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