Registered office of company as notified with Registrar is not capable of receiving and acknowledging all communications and notices. Hence, it appears that provisions of Section 12 of Companies Act, 2013 has been contravened by company
Commissioner of Central Excise & Service Tax Vs Kohinoor Steel Private Limited (CESTAT Kolkata) It is observed that the assessee has rightly availed the 50% of the capital goods Credit in the first year of its receipt and the remaining 50% of the credit in the subsequent year. The excess credit availed for the second […]
Kanam Latex Industries Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) The facts of the case are that the appellant had imported rubber gloves in bulk. The original authority had directed them to indicate MRP on the packets of imported rubber gloves and assessed the goods to additional duty of customs in terms of Central […]
Once assessee is assessed as AOP and no section 11 exemption been allowed, entire receipts are to be assessed as business receipt and consequently, depreciation has to be allowed.
Society for Welfare and Advancement of Rural Generation (SWARG) Vs DCIT (ITAT Allahabad) Assessee was required to pay the appeal fee of Rs. 10,000/- as per section 253(6)(c) of the Income Tax Act but despite repeated defect notices issued to the assessee as per the directions of this Bench, neither the assessee has made up […]
ICAI Auditing and Assurance Standards Board – Expert Panel for Addressing Queries related to Statutory Audit pertaining to Auditing Aspects
Notification No. 22/2023- Income Tax Dated : 17th April, 2023 – Central Government notifies amendment in notification related to exemption under section 10(46) of Income Tax Act, 1961 to ‘Maharashtra Electricity Regulatory Commission’, Mumbai, a commission established by the State Government of Maharashtra. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification […]
Penalty imposed by MCA on B&M PROPMART PRIVATE LIMITED for violating Section 10A of Companies Act, 2013 i.e. for Failure to File Declaration of Commencement of Business
LGW Limited Vs Commissioner of CGST & Excise (CESTAT Kolkata) It is undisputed by the appellants that they have filed the appeals before the Ld. Commissioner (Appeals) against the Order-in-Original beyond six months time limit prescribed under Section 85 (3) of Finance Act, 1994 as observed by the Ld. Commissioner (Appeals) herein above. 6. In […]
CESTAT held that territorial location cannot decide admissibility of CENVAT Credit under Rule 2(l) of CENVAT Credit Rules, 2004.
