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Deadline for Aadhar linking with ration card extended till 30.06.2022

March 22, 2022 1602 Views 0 comment Print

Central Government hereby notifies Amendment to Notification dated 08.02.2017 for extension of deadline upto 30.06.2022 for Aadhar linking with ration card. MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Food and Public Distribution) NOTIFICATION New Delhi. the 22nd March. 2022 S.O. 1262(E).—In pursuance of the provisions of section 7 of the Aadhaar (Targeted […]

RVAT: Clarification Regarding VAT Amnesty Scheme 2022

March 21, 2022 11964 Views 0 comment Print

Amnesty Scheme-2022 is applicable for outstanding demands and disputed amounts related to all goods except six goods which are not subsumed in GST pertaining to the Rajasthan Sales Tax Act, 1954, the Rajasthan Sales Tax Act, 1994, the Central Sales Tax Act, 1956 and the Rajasthan Value Added Tax Act, 2003 as per the clause 2 of the Scheme.

Extend Time Limit for Income Tax Assessment time barring on 31.3.2022

March 20, 2022 41382 Views 2 comments Print

Lucknow CA Tax Practicioners Association has made a Representation to FM for Extension of Time Limit for Assessment cases time barring as on 31.3.22 under the Income Tax Act 1961 in view of Problems faced in completion of Reopened Assessment cases (letting time barred on 31st March 2022, Problems faced in completion of Assessment as […]

Provisional attachment should not hamper normal business activities of taxable person

March 17, 2022 5508 Views 0 comment Print

Time and again, this Court as well as even the instructions instructions issued by the higher authority of the respondents, has directed the proper officer to ensure that their action of the provisional attachment should not hamper normal business activities of the taxable person.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 18.03.2022

March 17, 2022 5742 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 18th March, 2022 vide Exchange rates Notification No.18/2022-Customs (NT) dated 17.03.2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No.18/2022 – Customs (N.T.) New Delhi, dated the 17th March, 2022 In […]

Extended Limitation cannot be invoked in absence of Fraud by Taxpayer

March 17, 2022 774 Views 0 comment Print

Benefit of extended period of limitation is not available to Revenue in the present matters, there being no element of fraud, mis-statement or contumacious conduct on the part of the appellant.

Suppression of fact cannot be alleged when demand is based on information appearing in Balance Sheet

March 17, 2022 4134 Views 0 comment Print

Tribunal has held that suppression of the fact can not be alleged when the demand is raised on the basis of information appearing in Balance Sheet. In view of the above, the appeal filed by the Department is liable to be dismissed and we do so.

Negligence cannot be treated to be misconduct- No action For Passing A Wrong Order

March 17, 2022 5829 Views 1 comment Print

Abhay Jain Vs High Court Of Judicature For Rajasthan And Anr (Supreme Court) SC held that the appellant may have been guilty of negligence in the sense that he did not carefully go through the case file and did not take notice of the order of the High Court which was on his file. This […]

Status of Industrial Corridors in India

March 17, 2022 1257 Views 0 comment Print

The status of Chennai-Bengaluru (CBIC), Bengaluru-Mumbai (BMIC) and Hyderabad-Bengaluru (HBIC) is as under: 1. Chennai Bengaluru Industrial Corridor (CBIC): Three nodes namely Tumakuru in Karnataka, Krishnapatnam in Andhra Pradesh and Ponneri in Tamil Nadu have been identified for development under CBIC. Status of these Nodes is as under: Krishnapatnam Node: Project was approved by Government of […]

MahaRERA: Submission of Certificate to Schedule bank operating separate A/c

March 17, 2022 1917 Views 0 comment Print

In the event, the said three certificate as submitted to the schedule bank operating the separate account entitles a promoter to withdraw a particular amount and if the promoter chooses to withdraw the said amount in tranches, then for every such withdrawal fresh certificates from project architect, project engineer and charted accountant in practice need not be submitted.

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