Sham Interiors Vs Assistant Commercial Tax Officer (Madras High Court) The proviso to Section 24(3) of Puducherry Value Added Tax Act, 2007 specifically requires that the dealer be afforded reasonable opportunity of being heard prior to framing of an assessment. Such reasonable opportunity, Courts have been consistently held, must include an opportunity of personal hearing. […]
Karnataka Karasamadhana scheme 2021 has been notified towards waiver of penalty and interest of arrears under all pre GST State Acts. Online application will be available shortly on website http://gst.kar.nic.in. PROCEEDINGS OF THE GOVERNMENT OF KARNATAKA FINANCE SECRETARIAT Sub: Karasamadhana Scheme, 2021- reg. READ: Para No. 344of the Budget Speech of the Hon-ble Chief Minister […]
BNP Paribas Global Securities Operations Private Ltd. Vs Assistant Commissioner of GST & Central Excise (Madras High Court) The Madras High Court allowed the benefit of Cenvat refund to the taxpayer as the credit of duty was not able to use after the introduction of the Goods and Services Tax ( GST). The petitioner, BNP […]
(1) This Act may be called the Mines and Minerals (Development and Regulation) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint; and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
Notification No. 18/2021-Customs (ADD) – Seeks to impose anti-dumping duty on imports of Polyethylene Terephthalate (PET) resin originating in or exported from China PR for a period of 5 years. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 27th March, 2021 Notification No. 18/2021-Customs (ADD) G.S.R. 216(E).—Whereas, in the matter of “Polyethylene Terephthalate resin […]
It is hereby- directed that the information received from Central Charges after 01.04.2019 may be considered as ‘Potential cases’, if ii has not been uploaded into VRU/CRIU functionality and is so flagged to the Jurisdictional Authorities concerned by the Central In such cases. Para 1(v) of Board’s letter dated 04.03.2021 shall apply.
Aagam Shares & Commodities Pvt. Ltd. vs DCIT (ITAT Ahmedabad) It is also well settled that penalty under s. 271(1)(c) of the Act will not be imposed in every case merely because it is lawful to do so. The penalty will not ordinarily to be imposed unless the party obliged, either acted deliberately in defiance […]
Results of the Chartered Accountants Intermediate Examination (Old course & New Course) held in January 2021 declared Examination Department The Institute of Chartered Accountants of India 26th March, 2021 Results of the Chartered Accountants Intermediate Examination (Old course & New Course) held in January 2021 declared. icaiexam.icai.org caresults.icai.org icai.nic.in ************ Results of The Chartered Accountants […]
Tata Consultancy Services Limited Vs Cyrus Investments Pvt. Ltd. (Supreme Court of India) Supreme Court framed the following questions of law : (i) Whether the formation of opinion by the Appellate Tribunal that the company’s affairs have been or are being conducted in a manner prejudicial and oppressive to some members and that the facts otherwise justify the winding up of […]
Performance Audit Report No. 16 of The Comptroller & Auditor General of India on ‘Assessment of Co-operative Societies and Co-operative Banks’ was laid on the floor of the Parliament here today. The PA was carried out from March 2019 to September 2019 and findings were discussed with the Central Board of Direct Taxes (CBDT) in July 2020.
