Rithala Education Society Vs Union of India (Delhi High Court) In the present case, the significance of issuance of a show cause notice at a stage prior to issuance of a re-assessment notice under Section 148 of the Act has been lost on the respondents inasmuch as the impugned order under Section 148A(d) of the […]
HC held that that if assessee disputes Section 50 GST interest liability then revenue have to follow specific procedure of Section 73 or 74
When an order has been passed by SC, it has to be given effect in letter and spirit & it cannot be permitted to be treated as a paper order.
Excel Commodity And Derivative Pvt. Ltd Vs Union of India (Calcutta High Court) The appellant/assessee was issued notice under Section 148A(b) of the Act dated 22nd March, 2022. The sum and substance of the allegation in the notice was that the appellant/assessee has done fictitious derivative transactions with M/s. Blueview Tradecom Pvt. Ltd. The assessee […]
No distinction between compensation for compulsory acquisition of agricultural & non agricultural land for income Tax exemption under RFCTLARR Act
IRDAI Reconstitutes Committee to Review IRDAI’s Information & Security Guidelines vide Order No. IRDAI/GA & HR/ORD/MISC/186/09/2022 | Date: 06th Sep, 2022 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Order No. IRDAI/GA & HR/ORD/MISC/186/09/2022 | Date: 06th Sep, 2022 RECONSTITUTION OF COMMITTEE TO REVIEW IRDAI’S INFORMATION & SECURITY GUIDELINES Reference is drawn to IRDAI’s order ref: IRDA/IT/ORD/MISC/034/02/2021 dated […]
Applicability of GST on the service charges levied on cash deposited by non-chest bank branches to the Currency Chests.
Ultimate use of imported goods cannot be criteria for valuation. Every business man is free to adopt his own way of conducting business
Non-compliance of provisions of section 12(3)(c) of Companies Act, 2013 by not stating registered office address, CIN and email address on letterhead of Company
Shrikant Phulchand Bhakkad Vs JCIT (Bombay High Court) It was seen that the issue under consideration of the office had not been examined by the assessing officer while passing the assessment order. The transactions entered into by the assessee were non genuine and were carried out with a view to avoid paying tax. The assessee […]
