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VAT on Hiring of Helicopters – Delhi HC to decide

January 23, 2023 1395 Views 0 comment Print

Pawan Hans Limited Vs Commissioner of Trade & Taxes (Delhi High Court) The appellant states that it is in the business of chartering helicopters and has entered into agreements with various State Government and public sector entities for hiring of its helicopters. According to the VAT authorities, the agreements entail transfer of the right to […]

HC allows Govt servant to appear for All India Bar Examination

January 23, 2023 10545 Views 1 comment Print

Delhi High Court grants provisional enrolment to Sandeep, a Delhi Jal Board Senior Assistant, for AIBE-XVII, citing Supreme Court directions. Details of the hearing.

ITAT allows Section 54B deduction to HUF on agricultural land purchased in Individual capacity

January 23, 2023 2610 Views 0 comment Print

HUF is owner of the said agricultural land though it is registered in the name of the coparcener, as the HUF is enjoying all the benefits of the said agricultural land.

Companies (Miscellaneous) Amendment Rules, 2023

January 22, 2023 2937 Views 0 comment Print

These rules may be called Companies (Miscellaneous) Amendment Rules, 2023.They shall come into force with effect from 23rd day of January, 2023.

Interest not payable In absence of condition precedent in Section 11AA of Central Excise Act, 1944

January 22, 2023 2298 Views 0 comment Print

CESTAT held that interest is payable for default in depositing the tax by the due date voluntarily or after determination of the amount of duty under Section 11A of Central Excise Act, 1944.

Method of computation of transaction value of export of goods shall be as per Custom Valuation Rules

January 21, 2023 6732 Views 0 comment Print

In re Shiv Shakti Minechem (CAAR Mumbai) CAAR ruled that valuation of the subject goods namely ‘Laterite’ shall be done in accordance with the provisions of Customs Valuation (Determination of value of export goods) Rules, 2007 read with Customs Act, 1962. Accordingly, in respect of the rulings sought by the applicant on the points as […]

Classification of to be imported Rolls Made of Polyester, Taffeta, Satin Etc.

January 21, 2023 1218 Views 0 comment Print

Applicant proposed to import Rolls made of Polyester, Taffeta, Satin etc. which are available with width ranging from 10 millimetres to 810 millimetres. The applicant submits that ultimate customer of products are companies engaged in manufacturing of readymade garments. The products will be ultimately used for the purpose to capture trademark, wash care instructions and other details like country of manufacturing, size, make etc. on the products for the reference of retail customers.

Classification of projectors designed for use with automatic data processing machine

January 21, 2023 1113 Views 0 comment Print

Classification on import of Data Projector- It is evident that the projectors in question are designed for use with an automatic data processing machine. It also appears that the subject goods has got additional ports which make it capable of being a video projector, classifiable under 85286900.

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2023

January 20, 2023 3645 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, dated the 20th January, 2023. G.S.R. 37(E). – In exercise of the powers conferred under section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) of section 31, sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and section […]

Bogus Purchase- No addition for amount shown in work in progress

January 19, 2023 1728 Views 0 comment Print

Since Bogus Purchase expenses were shown by assessee under the head work in progress and has not been reflected in the trading account, therefore, no addition can be made.

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