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ITAT allows Section 80IC Deduction on Interest on Electricity Deposit, Recovery from Transporters & Sundry Balances of Vendors written off

February 25, 2022 933 Views 0 comment Print

ACIT Vs Gujarat Ambuja Exports Ltd. (ITAT Ahmedabad) The ld.counsel for the assessee at the very outset submitted that as far as amounts mentioned under the head interest on NSC and interest on staff loan is concerned they are not in dispute. The deduction claimed under section 80IC with regard to both these items have […]

Restriction on Export of Remdesivir Injection and API removed

February 24, 2022 753 Views 0 comment Print

The export policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API), Amphotericin – B injections, Enoxaparin (Formulation and API) and Intra-Venous Immunoglobulin (IVIG) (Formulation and API) falling under HS code as mentioned above or falling under any other HS code has been made ‘Free’ with immediate effect.

TDS & Tax on Interest on Compensation for Motor Accident Claims- Rajasthan HC refers matter to Larger Bench

February 24, 2022 2019 Views 0 comment Print

Satya Narayan Vs H.D.F.C. Irgo General Insurance Company Limited (Rajasthan High Court) The petitioners are claimants of motor accident compensation. Their claim petition was allowed by the Motor Accident Claims Tribunal awarding compensation with interest. At the time of payment of such compensation the insurance company had deducted tax at source on the interest component. […]

DRI are not a competent authority to issue SCN : Rajasthan HC

February 24, 2022 1911 Views 0 comment Print

Fairdeal Shipping Agency Pvt. Ltd. Vs Joint Commissioner Of Customs (Preventive) (Rajasthan High Court) Provisions of Section 2(34) defines ‘proper officer‘, Section 6 which defines ‘functions and powers of custom officer’ and Section 28 which refers to ‘procedure of demand and recovery by the proper officer’ having jurisdiction to issue show cause notice and to […]

HC decline to exercise its jurisdiction as alternative remedy available & invoked by petitioners

February 23, 2022 1383 Views 0 comment Print

Sanjay Singhal Vs Union of India (Rajasthan High Court) In this case search and seizure was carried out way back in the year 2018 which culminated in passing the orders of assessment in the year 2021. Thereafter, the petitioners have filed appeal before the Appellate authority exercising their right of appeal. While the appeal is […]

Inland Vessels (Survey and Certification) Rules 2022

February 23, 2022 4815 Views 1 comment Print

(1) The State Government may categorize inland water areas, based on the maximum significant wave height criteria, as Zone 1, Zone 2 and Zone 3, as stipulated below. (2) Vessels shall therefore be designed, constructed and maintained for service in the most onerous zone that it intends to operate in.

Rajasthan Govt notifies ‘Amnesty Scheme-2022’

February 23, 2022 25140 Views 0 comment Print

Rajasthan Government notifies ‘Amnesty Scheme-2022′, as the scheme, for rebate of tax and settlement of outstanding demands and disputed amounts. This scheme shall come into force with immediate effect and shall remain in force upto 31.8.2022. FINANCE DEPARTMENT (TAX DIVISION) Jaipur, February 24, 2021 In pursuance of clause (3) of Article 348 of the Constitution […]

Flight and Maritime Connectivity (Amendment) Rules, 2022

February 23, 2022 462 Views 0 comment Print

FDI up to 100% under automatic route. Certified copy of FIPB / FIPP approval is required to be enclosed in case if FDI is from an entity of a country, which shares land border with India or beneficial owner of an investment into India is situated in or is a citizen of any such country.

Obesity is not a disease – Orlistat pellet cannot be classified as medicaments

February 23, 2022 3801 Views 0 comment Print

In re Smt. Rama Devi Guttikonda (GST AAR Telangana) AAR held that Obesity is not a disease and hence reduction of weight cannot be seen as a treatment against a disease. Therefore The pharmaceutical Pellets and Granules except Orlistat pellet manufactured by the applicant can be classified as medicaments under Sl. No.62 of Schedule II […]

FAQs – MCA V3 5th March Go Live

February 22, 2022 7506 Views 0 comment Print

All the LLP e-filing services are being upgraded and migrated to MCA V3 portal. However, all the other services will continue to exist at MCA V2 portal. Article contains Login Module FAQs, LLP FAQs, Miscellaneous FAQs for LLP Form Layouts, My Application, DSC Association & Account Statuses, Payments Overview, NTRP Portal, Payment Types/Modes FAQs, Payment Process […]

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