Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

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

Tax Relief Upheld: Procedural Delay Mustn't Deny FTC When Taxes Paid Abroad Under DTAA.
November 20, 2024   Case Laws     Income Tax

Cash seized unexplained; treated as 'income from other sources' despite lack of inquiry.
November 20, 2024   Case Laws     Income Tax

Reinstatement of land-loser's son-in-law at Kaiga Atomic Power Project upheld by Supreme Court.
November 20, 2024   Case Laws     Indian Laws

Secured creditor's claim takes backseat to insolvency proceedings under IBC.
November 20, 2024   Case Laws     IBC

Penalty imposed on company & directors for non-compliance with securities allotment rules.
November 20, 2024   Case Laws     Companies Law

Appointment of adjudicator for corporate penalties u/s 454 of Companies Act; order communication mandated.
November 20, 2024   Case Laws     Companies Law

Customs Duty Dispute: Tribunal Questions Supplier Invoices and Contract Terms for Car Imports.
November 20, 2024   Case Laws     Customs

Animal meat exporter penalized for alleged use of pre-signed certificates without actual inspection.
November 20, 2024   Case Laws     Customs

Customs duty dispute: Imported goods classified as 'Low Aromatic White Spirit' not 'Kerosene', no policy violations.
November 20, 2024   Case Laws     Customs

Income reclassified by tax officer as technical fees instead of royalty, contrary to tribunal order.
November 20, 2024   Case Laws     Income Tax

Construction firm under tax scrutiny for inflated expenses and deductions.
November 20, 2024   Case Laws     Income Tax

Cash deposits explained through VAT returns, cash sales & debtors realizations during demonetization period.
November 20, 2024   Case Laws     Income Tax

Commodity Trading Broker Exempted from TDS on Brokerage Income.
November 20, 2024   Case Laws     Income Tax

Company proves genuineness of share premium; tax can't treat it as unexplained income.
November 20, 2024   Case Laws     Income Tax

Funds received by assessee overlooked during assessment, AO's order upheld by Tribunal despite PCIT's objection.
November 20, 2024   Case Laws     Income Tax

Investor locked into long-term capital gains bonds; premature redemption not allowed to maintain financial stability.
November 20, 2024   Case Laws     Income Tax

Diagnostic service aggregator liable for GST on entire invoice amount; not on margins.
November 20, 2024   Case Laws     GST

GST appeals allowed despite cash payment shortfall, awaiting Supreme Court's verdict.
November 20, 2024   Case Laws     GST

Rectification: Show Cause Notice quashed for period pre 9/10/2018 due to Notification 54/2018's prospective application.
November 20, 2024   Case Laws     GST

HC grants interim relief in GST show cause notice case, extends reply time.
November 20, 2024   Case Laws     GST

Excessive delay in issuing show cause notice & adjudication order violates natural justice; notice quashed, proceedings restrained.
November 20, 2024   Case Laws     GST

High Court quashes tax orders issued beyond prescribed time limit, unfreezes accounts.
November 20, 2024   Case Laws     GST

Audit can't be escaped due to deregistration; Court upholds tax liability despite petitioner's plea.
November 20, 2024   Case Laws     GST

Contractor wrongly taxed for "Works Contract" instead of notified "Commercial Construction", denied opportunity to defend.
November 19, 2024   Case Laws     Service Tax

Slum rehab project embroiled in alleged fraud, money laundering; property attached but authorities get pandemic relief on timelines.
November 19, 2024   Case Laws     Money Laundering

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

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
Exemption u/s 11: Condonation of Delay in Filing Form 10

More Notes

Notifications Notifications

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

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

Cus

- Effective rates of customs duty and IGST for goods imported into India - Amendment in Notification No. No. 50/2017-Customs, dated the 30th June, 2017
November 13, 2024

Cus (NT)

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

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
November 12, 2024

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 – “Petroleum and Natural Gas Regulatory Board”
November 12, 2024

Cus (NT)

- Inland Container Depots for loading and unloading of goods - Removal of Pimpri - Amendment in Notification No. 12/97-Customs (NT) dated the 2nd April, 1997
November 11, 2024

ADD

- Seeks to impose ADD on Epichlorohydrin imported from China PR, Korea RP and Thailand for 5 years, pursuant to final findings of DGTR.
November 11, 2024

Cus (NT)

- Handling of Cargo in Customs Areas (Amendment) Regulations, 2024.
November 7, 2024

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

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

DGFT

- Amendment in Para 4.71 of Handbook of Procedures, 2023
November 13, 2024

SEBI

- Simplified registration for Foreign Portfolio Investors (FPIs)
November 12, 2024

Customs

- General ways of identification of the Low Voltage Switchgear and Controlgear under EEQCO as per phased implementation plan
November 12, 2024

SEBI

- Trading supported by Blocked Amount in Secondary Market
November 11, 2024

SEBI

- Procedure for reclassification of FPI investment to FDI
November 11, 2024

More Circulars

News News, PIB

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


Transformative Governance through Sound Boards (Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 18, 2024 - at the Conference of Directors of Private Sector Banks, Mumbai)
November 19, 2024


India looks for equity, balance and fair trade when negotiating a Free Trade Agreement: Commerce & Industry Minister Piyush Goyal
November 19, 2024


Important advisory on GSTR 2B and IMS
November 19, 2024


CBDT Chairman Shri Ravi Agrawal dedicates Taxpayers' Lounge to nation builders at Indian International Trade Fair (IITF), 2024
November 19, 2024


Auction for Sale (issue/re-issue) of (i) ‘6.79 % Government Security 2034’ and (ii) ‘New Government Security 2074’
November 18, 2024


83rd Meeting of Network Planning Group (NPG) under PM GatiShakti evaluates 8 key Infrastructure projects - NPG assesses Rail and Road projects
November 18, 2024


GeM conducting registration and onboarding drive of participating Indian sellers & service providers at India International Trade Fair -Onboarding to help small and medium enterprises become part of the government procurement ecosystem.
November 18, 2024


India’s Growing Influence in Global Innovation: A Look at WIPO 2024’s Intellectual Property Report.
November 18, 2024


CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR
November 16, 2024


CBIC Chairman inaugurates GST & Customs Pavilion with the theme “Facilitating Trade, Fostering Economy” at the 43rd India International Trade Fair in New Delhi
November 15, 2024


NACIN invites expression of interest for selection of training partners/partner institute to conduct Phase -III, IV & Phase – V Mid-Career Training Programme (MCTP) for IRS (C & IT) officers
November 14, 2024


More News

Forum - Popular issues Discussion Forum - queries and issues

Forum - Recent Replied Issues

 

Latest Case Laws Latest Case Laws

 

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

 

 

 

Quick Updates:Latest Updates