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IFSCA Operating Guidelines on Bullion Exchange/Clearing Corporation/Depository & Vault Manager

August 25, 2021 1581 Views 0 comment Print

The Bullion Exchange, Bullion Clearing Corporation, Bullion Depository and the Bullion intermediaries in an IFSC shall comply with the operating guidelines specified in Annexure – I of this Circular. The Vault Manager shall comply with the guidelines specified in Annexure-II of this Circular.

AO must establish a live-link between escapement of income vis-à-vis Fresh information

August 24, 2021 1647 Views 0 comment Print

ITO Vs Gujarat Storages P.Ltd. (ITAT Ahmedabad) As far as banking transactions are concerned, these details were available with the AO. This information was given in the audited accounts. Any transactions shown in the bank statement could never be construed per se as an escaped income. It is the AO who has to form his […]

Sunset review investigation on imports of Glass Fibre & Article thereof

August 24, 2021 1182 Views 0 comment Print

Case No. (SSR) 17/2020 Sunset review investigation on imports of Glass Fibre and Article thereof originating in or exported from China PR

MahaRERA Citizen Call Centre / Helpdesk Number

August 24, 2021 2232 Views 0 comment Print

MahaRERA has established a Toll-Free and a fully equipped Citizen Helpline as follows: Citizen Helpline shall function from 07:00 am to 11:00 pm — except on Government Holidays & Sundays. Citizens can call on following numbers: Toll Free: 1800 210 3770 PRI Line: 022 – 69157100

No section 271(1)(c) penalty if notice was vague & ambiguous

August 24, 2021 4914 Views 0 comment Print

Addl. CIT Vs Airports Authority of India (ITAT Delhi) Perusal of the order passed by the ld. CIT (A) shows that the ld. CIT(A) deleted the penalty on two grounds : (i) that no valid notice u/s 274 of the Act has been issued to the assessee so as to inform the assessee as to […]

GST Evasion: Bombay HC refuses Anticipatory Bail to accused

August 24, 2021 1545 Views 0 comment Print

Premprakash laxminarayan bansal Vs State of Maharashtra (Bombay High Court) 1. Apprehending arrest in connection with Crime No. 0178/2021 registered with APMC Police Station, Navi Mumbai for the offences punishable under Sections 420, 406 and Section 34 of the Indian Penal Code, the applicant seeks pre-arrest bail. 2. The subject crime was registered at the […]

Resolve glitches in Income Tax e-filing portal by 15th Sep 2021: FM to Infosys

August 23, 2021 1389 Views 3 comments Print

The Finance Minister demanded that the issues faced by taxpayers on current functionalities of the portal should be resolved by the team by 15th September, 2021 so that taxpayers and professionals can work seamlessly on the portal.

Disallowance not comes under the realm for rectification of mistake u/s 154

August 23, 2021 1953 Views 0 comment Print

Union Bank of India Vs DCIT (ITAT Mumbai) We find that AO has withdrawn, the relief granted u/s. 14A in the assessment order by mentioning that subsequently order of Hon’ble Supreme Court in Maxopp Investment Ltd. 402 ITR 640 has come. Accordingly, he has effectively made the disallowance us/.14A u/s 154 of the Act. We […]

Contract for supply of manpower for managing solid waste not come under definition of ‘Composite supply of Goods & Service’

August 23, 2021 1494 Views 0 comment Print

In re Green Cleaning Solutions (GST AAR Uttarakhand) 1) The contract for supply of manpower for managing solid waste does not come under the definition of ‘Composite supply of Goods and Service’ at Entry No. 3A of Chapter 99 as mentioned in notification number 12/2017 – Central Tax (rate) dated 28th June 2017 as amended by Notification […]

Investigation concerning anti dumping duty on imports of Melamine

August 23, 2021 1326 Views 0 comment Print

Case No. AD-SSR 16/2020 Sunset review investigation concerning anti dumping duty on imports of Melamine from China PR. A new shipper review was conducted, and the final findings notification no. 7/11/2017-DGAD were issued on 19th June 2019. The Ministry of Finance accepted the recommendation and antidumping duty was imposed vide C.N. No. 34 /2019-Customs (ADD) dated 6th September 2019 on the imports from the concerned exporter.

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