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97.26% of the ₹2000 banknotes returned: RBI

December 3, 2023 546 Views 0 comment Print

Stay informed about the withdrawal status of ₹2000 banknotes in India. Learn about the process, deadlines, and the impact on circulation. Get the latest updates here

ITAT Limits Addition to 0.05% of Gross Total for Cash Deposits in Bogus Business Activities

December 1, 2023 7572 Views 0 comment Print

In the Rajendra G. Parekh vs ITO case, ITAT Mumbai restricts additions to 0.05% of gross total, questioning the handling of bank accounts and involvement in bogus business activities.

Bombay HC Orders JAO to Specify Basis for Section 148A(b) Notice

December 1, 2023 2544 Views 0 comment Print

Bombay High Court quashes assessment order, directs JAO to provide specific information for Section 148A(b) notice. Detailed analysis and implications of the judgment.

SC Upholds Raised Monetary Limits: Dismisses Customs Appeal by Revenue

December 1, 2023 630 Views 0 comment Print

Explore the Supreme Court judgment on Commissioner of Customs vs. Godavari Drugs Ltd. as it dismisses the customs appeal, citing increased monetary limits according to the CBIC Circular.

FAQs on SOP for Inspection: EPFO Circulars Decoded

December 1, 2023 1569 Views 0 comment Print

Explore frequently asked questions on the SOP for inspection of establishments by EPFO. Get insights from related circulars, guidelines, and implementation processes

GST payable under FCM on Residential Dwellings Leased for Commercial Use

December 1, 2023 1458 Views 0 comment Print

GST AAR Rajasthan ruling on Deepak Jain’s commercial property lease clarifies GST implications on residential dwellings, emphasizing actual use over designation.

Disallowance under section 14A r.w. Rule 8D cannot exceed exempt income

December 1, 2023 5289 Views 0 comment Print

Delhi High Court’s decision in ITA 1260/2018, addressing disallowance under Section 14A of the Income Tax Act. Learn about the quantum, computation, and implications for Caraf Builders & Constructions Pvt. Ltd.

Patna HC Restores GST Appeal: Conditions Apply as per Notification No. 53 of 2023-Central Tax

December 1, 2023 798 Views 0 comment Print

Patna High Court restores appeal dismissed under BGST Act, setting aside delay grounds. Conditions outlined in Notification No. 53 of 2023 must be met.

Limitations on Customs Officers: Lack of Authority to Declare Property Titles

November 30, 2023 411 Views 0 comment Print

It’s pivotal to note that the Customs Officers are not clothed with authority and power to decide on and declare the title of the properties of any kind. This point becomes a crucial aspect of the Defense’s argument, questioning the competence of the authorities making assertions on ownership.

Franchise Service Classification & Limitation & Bona Fide Doubt: CESTAT ruling

November 29, 2023 276 Views 0 comment Print

Explore the CESTAT Chandigarh’s decision favoring Liberty Group Marketing Division in quashing service tax demands related to ‘Franchise Service’ for footwear manufacturing and distribution. Dive into the analysis of the agreement, the definition of ‘Franchise,’ and the crucial issue of limitation. Get insights into the legal arguments, precedents, and the CESTAT’s conclusion on this noteworthy case.

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