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No Penalty for Scrap Goods Cleared Without Further Manufacturing Process After Paying Duty Equivalent to CENVAT Credit Taken

October 21, 2023 354 Views 0 comment Print

CESTAT Chennai’s ruling in Balmer Lawrie & Co. vs. Commissioner of GST & Central Excise: Central excise duty on metal containers returned as scrap analyzed. No penalty levied.

HC Sets Aside GST Registration Cancellation order for Lack of Reason

October 21, 2023 1989 Views 0 comment Print

Delhi High Court nullifies a GST registration cancellation order issued without disclosing a specific reason, upholding principles of natural justice.

AO not considered Unsigned Reply: ITAT Directs Re-adjudication

October 21, 2023 603 Views 0 comment Print

In the Sonam Rajesh Rateria vs. ITO case, ITAT orders re-adjudication due to non-consideration of the Assessee’s unsigned reply to a notice under section 147.

No Pre-deposit Required When Appellate Authority Sets Aside Order-in-Original without Confirming Demand

October 21, 2023 918 Views 0 comment Print

In the case of Net Metallics vs. Union of India, the CESTAT rules on pre-deposit requirements where the Order-in-Original (OIO) is set aside without confirming a demand.

No Cash Sales Abnormalities During Demonetization- ITAT deletes addition

October 21, 2023 1341 Views 0 comment Print

In the case of J.R. Rice India Pvt. Ltd. vs. ACIT, ITAT Delhi removes Income Tax addition under section 68 for cash deposits during demonetization, citing no abnormal sales.

Delhi HC Allows deduction for Late PF Deposit on National Holiday

October 21, 2023 1461 Views 0 comment Print

Delhi High Court’s ruling in favor of PepsiCo India: Late deposit of employee’s PF due to a national holiday is permissible. Detailed analysis of the judgment.

Is Bitcoin a Savior’s Gift or Devil’s Deception

October 21, 2023 642 Views 0 comment Print

Discover the answer to the looming question: Is Bitcoin a Savior’s Gift or Devil’s Deception? Learn more about the finite supply and price volatility of Bitcoin!

Celo: Making Crypto Universal and Inclusive

October 21, 2023 903 Views 0 comment Print

Make cryptocurrency accessible and inclusive with Celo – experience the cUSD, a mobile-first platform for financial freedom.

Unraveling the Debate: Is Bitcoin Worse Than a Ponzi Scheme

October 21, 2023 450 Views 0 comment Print

Is Bitcoin worse than a Ponzi scheme? Uncover the debate, differences & similarities, & implications for trading when considering Bitcoin investments. Get practical knowledge & secure trading platforms like ChainWizard Ai to safeguard assets.

SEBI (Employees’ Service) (Second Amendment) Regulations, 2023

October 20, 2023 963 Views 0 comment Print

Learn about the latest amendments to SEBI’s Employee Service Regulations in 2023. Discover the new age limits and educational qualifications for SEBI officers.

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