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Highlights Highlights, Income Tax, GST, Import Eport and Corporate Laws

Telecom companies can claim tax credit on mobile towers & prefab buildings used for services.
November 23, 2024   Case Laws     Central Excise

Refund Claims Validity: Procedure Paramount, Equity Principles Upheld.
November 23, 2024   Case Laws     Service Tax

Fire incident excuse inadequate; appeal dismissed for repeated adjournments beyond statutory limit.
November 23, 2024   Case Laws     Service Tax

Slump sale of exclusive software business part qualifies for service tax exemption.
November 23, 2024   Case Laws     Service Tax

Reimbursable Charges Excluded from Taxable Value for Service Tax.
November 23, 2024   Case Laws     Service Tax

Shareholder's dispute over oppression/mismanagement unrelated to Insolvency Code.
November 23, 2024   Case Laws     IBC

Inflated invoices by employees led to pre-existing dispute over payments under Master Agreement before insolvency demand.
November 23, 2024   Case Laws     IBC

Debtor seeks insolvency proceedings despite creditor's prior recovery action.
November 23, 2024   Case Laws     IBC

Claim for performance pay not an operational debt under IBC; Multiple notices don't make it payable.
November 23, 2024   Case Laws     IBC

Exemption from Social Welfare Surcharge on duty-free imports via scrips.
November 23, 2024   Case Laws     Customs

Microphone Tech Classification: Functionality Over Technology.
November 23, 2024   Case Laws     Customs

Revision: Hospital receipts verified, partial refunds & fees paid substantiated. Petrol expenses disallowed. Salaries payable documented.
November 23, 2024   Case Laws     Income Tax

Cash found in lockers linked to temple trust and educational foundation, not Bajaj family.
November 23, 2024   Case Laws     Income Tax

Tax assessments beyond 6-year limit quashed, satisfaction note lacked details.
November 23, 2024   Case Laws     Income Tax

Tax exemption limit for leave encashment: Local authorities' employees vs. others.
November 23, 2024   Case Laws     Income Tax

Property purchase: Joint owners pay via banking channels before registration.
November 23, 2024   Case Laws     Income Tax

Loan to equity conversion attracts income tax on excess share premium over fair market value.
November 23, 2024   Case Laws     Income Tax

Building sale value can't determine depreciation; actual consideration matters for WDV calculation.
November 23, 2024   Case Laws     Income Tax

Sale-purchase loss disallowed unreasonably by tax officer, commercial wisdom of taxpayer upheld by court.
November 23, 2024   Case Laws     Income Tax

Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation Entries Dispute.
November 23, 2024   Case Laws     Income Tax

Income tax reassessment validity: AO initiated proceedings u/s 147 instead of 153C on info from Investigation Wing.
November 23, 2024   Case Laws     Income Tax

Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashes Penalty.
November 23, 2024   Case Laws     GST

Goods matched documents like e-way bill and invoices; detention order quashed despite description mismatch.
November 23, 2024   Case Laws     GST

Substandard Areca Nuts import case: Re-export allowed, fines reduced for unintentional violation.
November 22, 2024   Case Laws     Customs

Micro small enterprise facilitation council's jurisdiction on disputes after registration.
November 22, 2024   Case Laws     Indian Laws

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Supreme Court Upholds Validity of Re-Assessment Notices Issued During COVID-19 Lockdown
Unraveling the Mineral Rights Regime: The Supreme Court's Landmark Judgment
Navigating the Faceless Assessment Regime: A Judicial Perspective
Evidentiary Value of Statements Recorded During Income Tax Surveys: A Judicial Analysis
Faceless Assessment: Ensuring Compliance with Statutory Provisions
Faceless Assessment Mechanism: Jurisdictional Limits in Income Tax Proceedings
Reassessment Notices for AY 2013-14: Upholding the Doctrine of Limitation
Principles of Tax Fairness and Mens Rea: Quashes Penalty for Mere Technical Errors
Decoding the Mandatory Timelines: A Thorough Examination of the Income Tax Assessment Order Nullification
Expiry of E-Way Bill AND Mens Rea: Technical Violation Alone Insufficient for Penalty Imposition
Maintainability of Appeals: High Court Upholds Strict Interpretation of Limitation Provisions in GST Act
Stay of Tax Demand: Interpreting the Discretionary Power u/s 220(6) of the Income Tax Act
Interpreting "Technical Services" under Tax Treaties: A Comprehensive Analysis
Interpreting "Or": The Disjunctive Mandate for Personal Hearing in Tax Matters
Navigating the Registration Process u/s 80G: Insights from the ITAT Ruling
Ensuring Fair Proceedings: The Importance of Proper Notice Service in Income Tax Matters
Demarcating Authority: High Court Clarifies Jurisdictional Limits of GST Officers
Unraveling the Royalty Conundrum and DTAA: ITAT's Stance on Marketing and Reservation Fees
Royalty or Not? Decoding the Taxability of Marketing and Reservation Contributions under India-USA DTAA
Unraveling the Intricacies: Assessing a Political Party's Claim for Income Tax Exemption
Bogus Capital Gains and Accommodation Entries: Unraveling the Penny Stock Scam and Tax Evasion
Strict Interpretation of Exemption Provisions: Supreme Court's Ruling on Section 10B(8) of the Income Tax Act
Disallowance u/s 14A: Prospective or Retrospective Effect of the Amendment?
Navigating the Complexities of "Charitable Purpose" in Income Tax Exemptions
Cooperative Banks vs. Primary Agricultural Credit Societies: Implications for Section 80P Deduction

More Notes

Notifications Notifications

Cus (NT)

- Inland Container Depots for loading and unloading of goods - Seeks to amend Notification No. 12/97-Customs (N.T.) dated the 2nd April, 1997
November 21, 2024

SEBI

- Securities and Exchange Board of India (Bankers to an Issue) (Amendment) Regulations, 2024.
November 20, 2024

SEBI

- Securities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2024
November 20, 2024

Cus (NT)

- Land Customs Stations and Routes for import and export of goods by land or inland water ways - Seek amendment in Notification No. 63/1994-Customs (N.T.) dated the 21st November, 1994
November 20, 2024

SEZ

- To setup a a Multi Sector Special Economic Zone(SEZ) by Bihar Industrial Area Development Authority at Nawanagar, District Buxar in the State of Bihar
November 19, 2024

FEMA

- Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024
November 19, 2024

CE

- Amendment in Notification No. 11/2017-Central Excise, dated the 30th June, 2017
November 19, 2024

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 – ‘National Aviation Security Fee Trust’
November 19, 2024

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 – ‘District Legal Service Authority’
November 19, 2024

IT

- Specifying Forms prescribed in Appendix-II of the Income Tax Rules 1962, to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income-tax Rules, 1962.
November 19, 2024

SEBI

- Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024.
November 18, 2024

CGST

- Extension of due date for filing of return in FORM GSTR-3B for the month of October, 2024 for the persons registered in the state of Maharashtra and Jharkhand
November 18, 2024

Cus (NT)

- Customs ports - Appointment for specified purposes - Amendment in Notification No. 62/1994-Customs (N.T.) dated the 21st November, 1994
November 14, 2024

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
November 14, 2024

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
November 13, 2024

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

SEBI

- Guidelines to Stock Exchanges, Clearing Corporations and Depositories
November 22, 2024

SEBI

- Withdrawal of Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue Amount
November 21, 2024

Customs

- Clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instances
November 21, 2024

Customs

- Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022
November 21, 2024

Customs

- Mandatory additional qualifiers in import declarations in respect of coking/ non-coking coal w.e.f 15.12.2024
November 20, 2024

SEBI

- Amendment to Para 15 of Master Circular for Credit Rating Agencies (CRAs) dated May 16, 2024 (“Master Circular”)
November 18, 2024

Income Tax

- Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23
November 18, 2024

Income Tax

- Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years
November 18, 2024

DGFT

- Harmonisation of Schedule-II (Export Policy), ITC(HS) 2022
November 14, 2024

Customs

- Requirement of Registration of Foreign Food Manufacturing Facilities as per Food Safety and Standards (Import) First Amendment Regulations, 2021, dated 03.11.2021
November 14, 2024

DGFT

- Fixation of one new Standard Input Output Norms (SIONs) at SION A-3682 under 'Chemical and Allied Product' (Product Code ‘A’)
November 14, 2024

Customs

- Classification of Clear Float Glass
November 14, 2024

SEBI

- Relaxation from certain provisions for units allotted to an employee benefit trust for the purpose of a unit based employee benefit scheme, Alignment of timelines for making distribution by InvITs and Format of Quarterly Report and Compliance Certificate – Infrastructure Investment Trusts (InvITs)
November 13, 2024

SEBI

- Relaxation from certain provisions for units allotted to an employee benefit trust for the purpose of a unit based employee benefit scheme, Alignment of timelines for making distribution by REITs and Format of Quarterly Report and Compliance Certificate - Real Estate Investment Trusts (REITs)
November 13, 2024

Customs

- Order for extension of validity of CAVR Order No. 02/2023-Customs under the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 in respect of Stainless Steel of J3 grade classified under HS Codes 72191200, 72191300, 72191400, 72192390, 72193290, 72193390, 72193490, 72193590, 72199012, 72199013, 72199090, 72202029, 72202090, 72209022, 72209029 & 72209090
November 13, 2024

More Circulars

News News, PIB

Indian Embassy in Brussels hosts the 2nd Indian Seafood and Wine Tasting Event in collaboration with APEDA, New Delhi and MPEDA, Kochi
November 23, 2024


6th meeting of ASEAN-India Trade in Goods Agreement Joint Committee held in New Delhi
November 23, 2024


Commerce Secretary visits Norway for implementation of Trade and Economic Partnership Agreement(TEPA)
November 23, 2024


DRI Apprehends Suspect with 3496 grams of Cocaine at Mumbai Airport
November 23, 2024


India is the best place in the world to provide sustainable infrastructure to the digital world: Shri Piyush Goyal
November 23, 2024


CCI conducts Regional Workshop on Competition Law in Collaboration with Merchants’ Chamber of Commerce & Industry in Kolkata
November 22, 2024


Repayment of ‘8.03% GOI FCI SPL BONDS 2024’
November 22, 2024


Balancing Inflation and Growth: The Cardinal Principle of Monetary Policy (Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 21, 2024 - “High-Level Policy Conference of Central Banks from the Global South Building Synergies”, Mumbai)
November 21, 2024


Shri Piyush Goyal urges FICCI to utilise Anusandhan National Research Foundation Fund to foster innovation ecosystem in the country
November 21, 2024


18th NCB International Conference and Exhibition on cement, concrete and building materials to be held from 27-29 November 2024 at Yashobhoomi,IICC Dwarka
November 21, 2024


Post event press release of Brainstorming Session on “The Treatment of PDS Items and other necessities in Consumer Price Index Compilation” on 20th November,2024 in Delhi
November 21, 2024


83 meetings of Network Planning Group held so far with projects worth Rs 15.89 lakh cr
November 20, 2024


Statement on the resumption of India-UK Free Trade Agreement Negotiations
November 20, 2024


The Board’s Role in Navigating Transformation (Special Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - November 18, 2024 - at the Conference of Directors of Private Sector Banks in Mumbai)
November 20, 2024


Brainstorming session on the "Treatment of PDS items and other necessities in Household Consumption Expenditure Survey (HCES) & Consumer Price Index (CPI) compilation" to be held on 20th November, 2024 in Delhi
November 19, 2024


More News

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Jiva Seva is Shiva Seva:
Service to humanity is Service to God

May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.

- Swami Vivekananda, CW, 5:137

 

 

 

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