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Cenvat credit on Free warranty service during warranty period through third parties cannot be denied

April 6, 2022 987 Views 0 comment Print

Hitachi Home And Life Solutions India Ltd. Vs C.C.E. & S.T. (CESTAT Ahmedabad) The CESTAT, Ahmedabad bench has held that the cenvat credit cannot be denied on warranty services provided free of cost during the warranty period. The appellants approached the Tribunal challenging the order of the department denying Cenvat Credit of services provided by […]

Waste Segregation Process is ‘Manufacturing Activity’

April 6, 2022 984 Views 0 comment Print

Unitech International Vs C.C.C. & S.T. (CESTAT Ahmedabad) The fact of the case are that the appellant is a 100% EOU and have cleared paper waste after segregation process of waste imported during the period October, 2003 to January, 2005 on payment of excise duty by availing the benefit of concessional Notification No. 23/2003 dated […]

Dispute Resolution Committee – CBDT notifies New rules & Forms

April 5, 2022 8505 Views 0 comment Print

CBDT notifies vide Notification No. 26/2022 – (Income Tax) | Dated: 5th April, 2022 Rule 44DAA – Constitution of Dispute Resolution Committee, Rule 44DAB – Application for resolution of dispute before the Dispute Resolution Committee, Rule 44DAC – Power to reduce or waive penalty imposable or grant immunity from prosecution or both under Income Tax […]

Revised rate of Dearness Relief effective from 01.01.2022

April 5, 2022 5568 Views 0 comment Print

President is pleased to decide that the Dearness Relief admissible to Central Government pensioners/family pensioners shall be enhanced from the existing rate of 31% to 34% w.e.f 01.01.2022.

FAQs on e-Invoicing under GST

April 4, 2022 24936 Views 0 comment Print

How do I know whether I am suppose to register invoices? Ans. You can visit e-Invoice portal to check whether you have been enabled to register invoices based on the filings of previous years.

All about mAadhaar App

April 4, 2022 2982 Views 0 comment Print

Q. 1 How to configure m-Aadhaar applications in phone (Android & iOS)? Ans. mAadhaar App is available for both Android and iPhone users in India. In order to install the app follow the steps given below: 1. Visit the Google Play Store for Android and to App Store for iPhone. 2. Type mAadhaar in the […]

Rule 21AAA Taxation of income from retirement benefit account maintained in a notified countr

April 4, 2022 12684 Views 2 comments Print

CBDT notifies Income Tax Rule 21AAA. Taxation of income from retirement benefit account maintained in a notified country and FORM No. 10-EE vide Notification No. 24/2022-Income Tax Dated: 4th April, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 4th April, 2022 Notification No. 24/2022-Income Tax G.S.R. 256(E).— In exercise of […]

SEBI constitutes committee on Strengthening of Governance of Market Infrastructure Institutions

April 4, 2022 642 Views 0 comment Print

SEBI has today constituted an ad-hoc committee for reviewing and making recommendations for further strengthening of governance norms at Market Infrastructure Institutions (MIIs). The members of the committee are:

NI Act S.138 | Liability of director when Company not been made accused

April 3, 2022 28443 Views 1 comment Print

Charanjeet Singh Saini Vs Ispat India (Chhattisgarh High Court) Now referring back to the allegations and averments made in the complaint under Section 138 of Negotiable Instrument Act, though the petitioners have been described somewhere in the petition as Director in some petition for and on behalf of Saini Industries Limited would make it clear […]

Penalty order issued in stereotyped manner without applying mind is invalid

April 3, 2022 1500 Views 0 comment Print

Vibracoustic India Pvt. Ltd. Vs Addl. IT (ITAT Delhi) The penalty provisions of section 271(1)(c) of the Act are attracted, where the Assessee has concealed the particulars of income or furnished inaccurate particulars of such income. It is also a well-accepted proposition that the aforesaid two limbs of section 271(1)(c) of the Act carry different […]

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