In re Ingram Micro Private Ltd (CAAR Mumbai) CAAR rule that the: – a) Tello drone merits classification under subheading 95030010 of the first schedule to the Customs Tariff Act, 1975 and would attract basic customs duty @60% adv. and IGST@ 18%; b) AGRAS T16 drone merits classification under subheading 88062400 of the first schedule […]
Whether transfer of business by Airport Authority of India to Adani Lucknow International Airport Limited be treated as Supply u/s. 7 of CGST Act, 2017
Central Bureau of Investigation has arrested its four Sub-Inspectors posted at Delhi on certain allegations and conducted searches at their premises. Incriminating documents recovered during searches are being scrutinized.
Though the deficiencies as noticed and conceded by Ms Kalpana G appear to be minor in nature, however, in the context of messaging with regard to the independent role of Insolvency Professional as envisaged under the Code and Regulations framed thereunder, such acts of omission have larger ramifications.
IRDAI has been receiving several complaints from policyholders, both directly and through various platforms such as industry associations, that insurers are referring to the Burning Cost as a ‘mandated minimum rate’.
ITBA Step–by–Step Document No. 1 w.r.t. CBDT Instruction No. 1 of 2022Dated 12.05.2022 Steps to be followed in ITBA for the cases impacted by Hon’ble Supreme Court decision dated 04.05.2022 in the case of Union of India vs. Ashish Agarwal Dated 12.05.2022 NOTE: The AOs/ITBA users should refer to Instruction No. 1 of 2022 dated […]
Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme Court in the case of Union of India Vs Ashish Agarwal ,Civil Appeal No. 3005/2022, Dated: 04/05/2022 in the matter of notices u/s 148 issued between 01-04-2021 to 30-06-2021 under the pre amended provisions Income Tax Gazetted Officers’ […]
The allegations that the statement of the officials of Xiaomi India was taken under coercion by ED is untrue and baseless. The officials of the Xiaomi India deposed their statements before ED under FEMA voluntarily in the most conducive environment on various occasions.
Seeks to rescind Notification No. 21/2017- Customs (ADD) dated 16th May, 2017 to remove levy of ADD on Amoxycillin also known as Amoxycillin Trihydrate. Notification No. 13/2022-Customs (ADD) [G.S.R. 350(E).], Dated: 11.05.2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 13/2022-Customs (ADD) | Dated: 11th May, 2022 G.S.R. 350(E).—In exercise of the powers […]
Penalty under Section 271E is not permissible in the absence of regular assessment framed against the assessee by the Revenue.
