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Tata play guilty of profiteering of Rs. 225 crore in DTH services: NAA

September 5, 2022 1794 Views 0 comment Print

Applicant No. 1 alleging profiteering in respect of DTH (Direct to flume) Service supplied by the Respondent vide subscription ID No. 1088222136 in respect of payment of half yearly/annual subscription charges.

No penalty on clearing agent for mere introducing actual importer with IEC holder

September 5, 2022 681 Views 0 comment Print

Girish Kumar Singh Vs Commissioner of Customs (CESTAT Delhi) On facts, the role of appellant was only to arrange meeting between Devi Das and Habib-uz-Zaman and the appellant neither filed the bill of entry or was involved in clearance of goods. Any action on the part of appellant much before the import of goods could […]

No Bar on CENVAT Credit availment Under Rule 3(7) When CVD Availed

September 5, 2022 849 Views 0 comment Print

Taking into consideration Notification No. 12/2012-Cus there is no bar for availment of CENVAT Credit in terms of the Rule 3(7) where duty paid under Notification No. 12/2012-Cus and CENVAT Credit cannot be denied.

ESOP price difference between offer & market price allowable as revenue expense

September 5, 2022 1725 Views 0 comment Print

PVR Ltd Vs CIT (Delhi High Court) HC held that ITAT erred in law in holding that the difference between the price at which stock options were offered to employees of the appellant company under ESOP and ESPS and the prevailing market price of the stock on the date of grant of such options was […]

Section 10(46) CBDT notifies Haryana Electricity Regulatory Commission

September 5, 2022 720 Views 0 comment Print

CBDT notifies Haryana Electricity Regulatory Commission under Section 10(46) of income Tax Act, 1961 vide Notification No. 108/2022 – Income Tax | Dated: 5th September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 108/2022 – Income Tax | Dated: 5th September, 2022 S.O. 4155(E).—In exercise of the powers […]

CBDT notifies CERSAI under Section 10(46)

September 5, 2022 2124 Views 0 comment Print

CBDT notifies ‘Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI )’ under Section 10(46) of income Tax Act, 1961 vide Notification No. 107/2022 – Income Tax | Dated: 5th September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 107/2022 – Income Tax | […]

Chinese Loan App Case – ED searches 6 premises in Bengaluru

September 3, 2022 957 Views 0 comment Print

ED carried out search operations on 02.09.2022 at 06 premises in Bengaluru, in respect to an investigation relating to Chinese Loan App Case

RBI Guidelines on Digital Lending

September 2, 2022 2298 Views 0 comment Print

Digital Lending Apps/Platforms (DLAs): Mobile and web-based applications with user interface that facilitate digital lending services. DLAs will include apps of the Regulated Entities (REs) as well as those operated by Lending Service Providers (LSPs) engaged by REs for extending any credit facilitation services in conformity with extant outsourcing guidelines issued by the Reserve Bank.

SEBI cautions against unregulated platforms offering algorithmic strategies for trading

September 2, 2022 3789 Views 0 comment Print

It has come to notice of SEBI that stock brokers provide algorithmic trading facility to investors through such platforms. In order to prevent any mis-selling and to protect the interest of investors in securities market, SEBI has now issued a circular

CBDT notifies Control of income-tax authorities under Section 118

September 2, 2022 1662 Views 0 comment Print

CBDT notifies Control of income-tax authorities under Section 118 of the Income-tax Act, 1961 vide Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022 S.O. 4156(E).—In exercise of the powers conferred by […]

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