Galaxy Surfactants Limited Vs ACIT (ITAT Mumbai) Once an Assessing Officer prepares a draft assessment order, that is the end of his domain of powers so far as framing of assessment is concerned- unless of course there are any directions from the Dispute Resolution Panel which are required to be implemented by the Assessing Officer. […]
The insurance intermediaries engaged in solicitation and distribution of insurance products, viz., Insurance Brokers, Corporate Agents, Insurance Web Aggregators, Insurance Marketing Firms are required to take Professional Indemnity Insurance Policies in order to get themselves indemnified from the claims lodged against them, arising out of the contingencies mentioned in the regulations governing them.
Explore the CESTAT Chandigarh ruling in Schlumberger Asia Services Ltd. vs. Commissioner of CE & ST on the timeliness of a refund claim post-GST regime changes. Insightful analysis for businesses navigating GST transitions.
In pursuance of the decision of the GST Council a Group of Ministers Capacity based taxation and Special Composition Scheme in Certain GST has been constituted.
Confederation of All India Traders has written a letter to Shri Piyush Goyal and alleged Blatant violation of Indian laws on trading and e-commerce by Walmart owned Flipkart by creating a facade to control inventory through its 30 preferential sellers and also demanded Strict Action under the law. Full Text if the letter is as […]
Shivratan Shrigopal Mundada Vs ACIT (ITAT Pune) We do not find any relevance of the ‘completion of construction’ insofar as the exemption u/s.54F is concerned. What the section requires is that the assessee purchases a new residential house or “has within a period of three years, after the date constructed, one residential house in India.” […]
FAQs on Import of Oxygen Concentrators by individual for personal consumption into India by Courier Mode Q.1 Can an individual send an oxygen concentrator to an Individual in India via courier mode? Ans. Yes. Q.2 At the time of booking shipment at origin what paperwork does the shipper have to provide to the courier company […]
Researchers at the Indian Institute of Technology, Ropar in Punjab and Monash University, Australia have developed a unique detector named ‘FakeBuster’ to identify imposters attending a virtual conference without anybody’s knowledge. It can also find out faces manipulated on social media to defame or make a joke of someone.
Calcom Cement India Limited Vs Union of India (Gauhati High Court) Heard Dr. A Saraf, learned Senior counsel assisted by Mr. P Das, learned counsel for the petitioner. Also present Mr. SC Keyal, learned standing counsel for the respondent GST representing respondent Nos. 2 to 4 and Mr. SS Roy, learned CGC for respondent No. […]
VSR Enterprises Vs ITO (ITAT Delhi) Assessing Officer in the instant case has recorded incorrect/wrong and non-existing reasons in the reason for reopening of the assessment and has not applied his mind to the information received from REIC, Ward 43(4)(New Delhi). Therefore, the reopening of the assessment is illegal and bad in law and is […]
