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Calcutta HC takes Cognizance of Wastage of Medicines in Govt Hospitals

June 22, 2021 2361 Views 0 comment Print

Court on its own motion Vs State of West Bengal and others (Calcutta High Court) There is a need to develop a mechanism whereby wasteful expenditure on purchase of medicines in different hospitals and also the medical colleges which are not required and have to be thrown in dustbin after its expiry, need to be […]

Income from conversion of sugarcane into jaggery is not a Agricultural Income

June 22, 2021 10539 Views 0 comment Print

E. Palaniappan Vs ITO (Madras High Court) It is not the case of the appellant/assessee that the sugarcane in its original form could not be marketed by him. The conversion of  sugarcane into jaggery is also not an essential process to make sugarcane marketable. In the decision in CIT Vs. H.G. DATE (1971) reported in […]

A.P. VAT : No illegality in Higher VAT Rate for Sale during Non-Registration

June 22, 2021 1080 Views 0 comment Print

Balaji Agencies Vs Special Chief Secretary to Government (Andhra Pradesh High Court) Since the turnover of the petitioner for the 1st quarter ending 30.06.2006 was Rs.13,14,724/- which exceeded Rs.10 lakhs, the petitioner had an opportunity to apply for registration as VAT dealer. As per Rule (5) of A.P. VAT Act, the petitioner was required to […]

Depreciation allowable despite claim of entire cost of Asset as application of Income by Trust

June 21, 2021 5253 Views 0 comment Print

CIT Vs Ramananda Adigalar Foundation (Madras High Court) Issue Raised Whether on the facts and in the circumstances of the case, the Tribunal was right In holding ¢hat the assessee is entitled to claim depreciation on the assets jn the form of application of income, even though cost of purchase of asset was treated as […]

Telangana HC Issues Practice Directions on Cheque Bouncing Cases

June 21, 2021 4689 Views 0 comment Print

Pursuant to directions of Hon’ble Supreme Court of India, following Practice Directions are issued to all Courts dealing with cases under Section 138 of Negotiable Instruments Act, in Telangana State.

Over 6000 CA Students write letter to CJI | CA May/July 2021 Exam

June 21, 2021 10386 Views 3 comments Print

Source- Social Media and Unconfirmed Please find below copy of letter written by 6000 CA Students to Hon’ble Justice Nuthalapati Venkata Ramana Chief Justice Of India For taking suo-moto cognizance of their application along with the PIL having diary No. 13269 of 2021 for CA students issue and for urgent listing of PIL. Date: 21st […]

CBIC clarifies on Applicability of Dynamic QR Code on B2C invoices

June 21, 2021 19056 Views 0 comment Print

CBIC clarifies on applicability of Dynamic Quick Response (QR) Code on B2C (Registered person to Customer) invoices and compliance of notification 14/2020-Central Tax, dated 21st March, 2020 as amended vide Circular no. 156/12/2021-GST Dated 21st June, 2021. Circular no. 156/12/2021-GST CBEC-20/16/38/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes […]

Consider inclusion of Petrol, Diesel under GST: HC to GST Council

June 21, 2021 2742 Views 0 comment Print

Petitioner made representation to Chief Secretary, Government of Kerala, to request GST Council to include the petrol and diesel in the GST regime and till a decision is taken by the GST Council, Government of Kerala may refrain from levying the state tax on petrol and diesel.

No excise under ‘deemed’ manufacture on ‘baby diapers’ or ‘sanitary napkins’

June 18, 2021 825 Views 0 comment Print

Explore the Y & Associates vs. Commissioner of Central Excise case with CESTAT Mumbai. Delve into the intricacies of ‘deemed’ manufacture, excisability, and the legislative intent.

Actuaries (Procedure for Inquiry of Professional and Other Misconduct) Amendment Rules, 2021

June 18, 2021 666 Views 0 comment Print

Government notified Actuaries (Procedure for Inquiry of Professional and Other Misconduct) Amendment Rules, 2021 vide Notification no. G.S.R. 417(E) dated 18th June, 2021 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 18th June, 2021 G.S.R. 417(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 55 […]

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