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Fast Track CCI Investigation of Amazon & Flipkart

August 16, 2021 351 Views 0 comment Print

Confederation of All India Traders requested Minister of Commerce and Industry Shri Piyush Goyal to direct Competition Commission of India to conduct investigation against Amazon & Flipkart at fast track mode to meet ends of justice. Confederation of All India Traders “Vyapar Bhawan 925/1, Naiwala, Karol Bagh, New Delhi- 110005. phone: +91-11-45032664, Telefax: +91-11-45032664′ Email: […]

ITAT allows proportionate expenses related to office-cum-residence used by ‘Farah Khan’

August 15, 2021 1578 Views 0 comment Print

ACIT Vs Farah Khan (ITAT Mumbai) During the course of assessment proceedings, it transpired that the assessee owned 6 flats / units (A3501A, A3501B, A3501C, A3601A, A3601B & A3601C) on 35th & 36th floor of a Building namely Oberoi Sky Heights situated at Lokhandwala Complex, Andheri (West), Mumbai. All the units were stated to be […]

Tariff Notification No. 67/2021-Customs (N.T.) Dated: 13.08.2021

August 14, 2021 783 Views 0 comment Print

Tariff Notification No. 67/2021-Cus (N.T.) dated 13.08.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver – Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 67/2021-CUSTOMS (N.T.) New Delhi, 13th August, 2021   22 SHRAVANA, 1943 […]

Notification No. 31/2021-Customs (N.T./CAA/DRI) Dated: 12.08.2021

August 12, 2021 1095 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) New Delhi, the 12th August, 2021 Notification No. 31/2021-Customs (N.T./CAA/DRI) S.O. 3352(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and […]

Vodafone Idea gets further stay against demand

August 12, 2021 3207 Views 2 comments Print

Vodafone Idea Limited Vs DCIT (ITAT Mumbai) In this case Learned Departmental Representative could not disputed the proposition that hearing of the appeal after the last stay could not take place because of no fault of the assessee. Accordingly, we extend the stay for a period of six months from the date of this order […]

Penalty cannot be imposed for issue already been adjudicated for Penalty

August 12, 2021 1605 Views 0 comment Print

N A Jayaram Vs Commissioner of Customs (CESTAT Bangalore) I find that the only issue in the present case is whether the imposition of penalty under Section 114(i) of the Customs Act, 1962 on the ground of abetment of falsely signed the invoices used for improper exportation is justified under law. Further, I find that […]

HC stays order Levying GST on commission & not on bet amount In Horse Races

August 12, 2021 1941 Views 0 comment Print

Union of India Vs Bangalore Turf Club Limited (Karnataka High Court) Karnataka High Court Stays the Judgment of Single Judge in which he held that Goods and Service Tax (GST) cannot be levied on the entire bet amount received in the totalisator as it would take away the principle that tax can only be levied on […]

All about issue of Mumbai Railway Monthly Pass from 11.08.2021

August 11, 2021 666 Views 0 comment Print

In order to enable citizens to travel in suburban trains Offline Verification Procedure for Covid-19 Vaccination & issuing Railway Monthly Pass to start on tomorrow 11th August 2021 from 7 am at suburban railway stations

Tariff Notification No. 66/2021-Customs (N.T.) | Dated: 11.08.2021

August 11, 2021 1554 Views 0 comment Print

Tariff Notification No. 66/2021-Cus (N.T.) dated 11.08.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 66/2021-Customs (N.T.) | Dated: 11th August, 2021 S.O. 3243(E).—In exercise of the powers conferred […]

72% of financial transactions of PSBs done through digital channels

August 10, 2021 300 Views 0 comment Print

Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crore in FY 2019-20 to 7.6 crore in FY2020-21. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha today.

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