Rohan Developers Pvt. Ltd. Vs ITO (Bombay High Court) According to petitioner, under Section 49(1)(ii) of the Act, cost of acquisition of the said property in the hands of seller is deemed to be the cost for which the said property was acquired by late Mrs. Dolly Jehangir Gazdar. It is also petitioner’s case that […]
Caborandum Universal Limited Vs ACIT (Madras High Court) On facts, when we examine the Business Sale Agreement, it is not disputed by the parties that the full and final consideration is Rs.325,000,000/- after having agreed upon the full and final consideration, the parties agreed to retain a particular amount of money in an Escrow account […]
In re Vinayak Buildcon (GST AAAR Rajasthan) It was held that AAR has rightly rejected the application seeking advance ruling as the question posted by the appellant is related to supplies undertaken by them prior to the date of filing of the application. Read AAR Order:- Advance ruling cannot be given on supply already undertaken […]
Stay order passed by Assessing Officer did not indicate or disclose any application of mind in considering prayer of assessee for stay of demand, said order deserved to be set aside
SEBI has received requests from various stakeholders to further extend the aforesaid timeline. After consideration of the same, it has been decided that provisions of the said circular dated July 20, 2021 (apart from provisions of Paragraphs 4 and 5) shall come into force with effect from May 02, 2022.
Provided that an Insured Women shall be eligible to claim maternity benefit for a confinement occurring or expected to occur in the benefit period January 2021-June 2021 if contributions in respect of her were payable for not less than 35 days in the immediately preceding two consecutive contribution periods from October, 2019 to March, 2020 and April, 2020- to September, 2020.
2 held by Faridabad CGST Commissionerate for issuing fake invoices of over Rs 200 crore and availing involving fraudulent ITC of Rs 31.85 crore Central Goods and Services Tax (CGST) Commissionerate, Faridabad, of Panchkula CGST Zone, on 23.02.2022 arrested two persons for running a fake billing racket, involving five (5) dummy firms, dealing in trading […]
Saint-Gobain India Private Limited Vs Union of India (Gujarat High Court) It appears from the materials on record that the writ applicant is seeking direction to the respondents to forthwith grant the refund of the amount of Rs.2,30,11,188/- collected from the writ applicant by the seller of natural gas and deposited with the respondent authorities […]
CBIC extend the levy of ADD on jute products originating in or exported from Nepal and Bangladesh up to and inclusive of the 30th June, 2022 vide Notification No. 10/2022-Customs (ADD). MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 24th February, 2022 Notification No. 10/2022-Customs (ADD) G.S.R. 157(E).—Whereas, the designated authority vide initiation notification […]
(i) an examination shall be conducted by the Central Boilers Board Examination Standing Committee or an agency or Regional Examination Standing Committees authorized by it, as per the following examination methods, namely:- (a) written Examination consisting of design, manufacture, operation and maintenance of the boiler, Non Destructive Testing Techniques, inspection and certification of boilers during manufacture and use as per Indian Boiler Regulations( 70% weightage);
