Pricing Login

Tax Management India. Com
Law and Practice : Digital eBook
Research is most exciting & rewarding

Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes

TMI - e-Newsletter TaxTMI Non-resident Singapore firm's software licensing... TaxTMI EOUs face automated Import Rules from 17.09.2024 -... TaxTMI Steel Extending validity of customs valuation rules... TaxTMI Relaxations for employee benefit trusts, aligned... TaxTMI New SEBI circular relaxes rules for REITs, enables... TaxTMI Phased rollout of quality standards for low-voltage... TaxTMI Virtual Hearings Mandatory: CBIC Reinstates Video... TaxTMI Apex Court upholds validity of extension of GST... TaxTMI Builders wrongly claimed before Appellate Tribunal... TaxTMI Deductions, expense allocation & miscellaneous... TaxTMI Foreign airline's code-sharing income from India... TaxTMI Reopening of assessment after 4 years and addition... TaxTMI Trade officials wrongly denied export benefits due... TaxTMI License Revoked Without Proper Notice 's license... TaxTMI Settling shareholder feud, ensuring company... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Home

Highlights / Annotations / Catch Notes For May of 2024

Home Highlights May May 2024 Year 2024

Filter:

Showing 301 to 350 of 998 Records

1 ....3 4 5 678 9 10 11........ 20

May 23, 2024 Case Laws Income Tax

ITAT held that cash deposits during demonetization were justified as the AO did not find any discrepancies in the assessee's books of accounts.
May 23, 2024 Case Laws Income Tax

ITAT restricted addition u/s 68 to 0.75% of transaction value due to lack of details, setting a consistent view based on previous cases.
May 23, 2024 Case Laws Income Tax

ITAT held interest u/s 220(2) not applicable as FBT demand not properly notified to assessee. Lack of notice served by Revenue.
May 23, 2024 Case Laws Income Tax

ITAT: CIT's revision u/s 263 on limitation period. Requisite action. Transfer expenses, CLU charges, deduction u/s 54F reviewed. Assessee's appeal partly allowed.
May 23, 2024 Case Laws Income Tax

ITAT held that addition u/s 68 for unexplained cash credit is not justified as loans amount received during the earlier year.
May 23, 2024 Case Laws Income Tax

ITAT upheld the deletion of addition u/s 68 as bogus share application money. Commission expenses disallowed by AO were deemed unnecessary.
May 23, 2024 Case Laws Customs

Undervaluation of timber imports - Burden of proof - Third-party documents and statements - CESTAT set aside the demand following Beena Sales Corporation decision.
May 23, 2024 Case Laws Customs

CESTAT held revocation of Customs Broker license unjustified as appellant verified client documents from official government websites, finding no violation of Regulation 10(n).
May 23, 2024 Case Laws Customs

CESTAT ruled 'Grid-Tied Solar Inverter' not part of 'Solar Power Generating System' for duty exemption under Notification No.12/2012-CE.
May 23, 2024 Case Laws Companies Law

High Court held that SFIO investigation u/s 212 of Companies Act lacked public interest, causing harm to company. Sanction set aside as arbitrary and illegal.
May 23, 2024 Case Laws Service Tax

Corporate guarantee fees are not subject to service tax under reverse charge mechanism pre-July 2012. Post-July 2012 liability already paid, cannot be demanded again. - AT
May 23, 2024 Case Laws Service Tax

Liquidated damages received for penalty/late delivery charges are not subject to service tax u/s 66E (e) of Finance Act, 1994. - AT
May 23, 2024 Case Laws Central Excise

CESTAT held that recovery of refunded service tax was improper as the Tribunal's decision was final and unchallenged.
May 23, 2024 Case Laws Central Excise

CESTAT held that chassis doesn't emerge at intermediary stage for dumpers, hence NCCD not leviable.
May 23, 2024 Case Laws VAT and Sales Tax

Benefit of Special Package of Incentives allowed since the petitioner was entitled to sales tax exemption. Condition imposed on effective steps date struck down. - HC
May 23, 2024 Case Laws VAT and Sales Tax

Secured creditors have priority over State Tax Authorities u/s 26-E of SARFAESI Act, 2002 for sale proceeds of assets - HC
May 22, 2024 Circulars FEMA

RBI updates Master Direction on Risk Management and Inter-Bank Dealings, including amendments for Standalone Primary Dealers and reporting of derivative contracts.
May 22, 2024 Circulars Customs

Export of Silk Waste under HS code 5003 requires inspection/test report from Central Silk Board for clearance. Charges borne by exporter.
May 22, 2024 Circulars SEBI

SEBI enhances digital on-boarding for Portfolio Managers, introduces fee calculation tool, additional fee disclosures, and MITC document. Circular effective from Oct 01, 2024.
May 22, 2024 Circulars SEBI

SEBI sets a framework for stock exchanges to supervise Research Analysts and Investment Advisers, effective July 25, 2024, ensuring compliance and efficiency.
May 22, 2024 Circulars SEBI

SEBI mandates PMS distributors to register with APMI for oversight. Effective Jan 01, 2025. Compliance with SEBI regulations.
May 22, 2024 Circulars Customs

Instruction issued for review of G-Card holders' requirement at Customs stations and conducting G-Card exams as per CBLR, 2018. Annual review mandated for uniformity.
May 22, 2024 Circulars Customs

Verification of authenticity of UAE-issued Certificate of Origin with added security features like QR code and password under India-UAE CEPA. Customs to implement new procedure.
May 22, 2024 Circulars Customs

Acceptance of Korea's e-CoO under India-Korea CEPA via EODES clarified in Customs Instruction No. 10/2024 for preferential benefits. Compliance details provided.
May 22, 2024 Circulars SEBI

SEBI eases rules for fund managers of mutual funds investing in commodities and overseas securities, making appointments optional with expertise requirements.
May 22, 2024 Circulars SEBI

SEBI exempts jointly held Mutual Fund folios from mandatory nomination requirement to simplify compliance and reduce costs. Circular effective from April 30, 2024.
May 22, 2024 Circulars SEBI

Relaxation granted for changes in Private Placement Memorandum of Alternative Investment Funds without filing through Merchant Banker.
May 22, 2024 Circulars Customs

Procedure for filing Bill of Entry amendments: Online filing via Common Portal or Service Centre. Self/auto approval & officer approval process outlined.
May 22, 2024 Circulars SEBI

SEBI circular allows Category I and II AIFs to create encumbrance on equity of investee companies for debt raising, subject to certain conditions and compliance requirements.
May 22, 2024 Circulars SEBI

Flexibility granted to Alternative Investment Funds (AIFs) and investors for handling unliquidated investments, detailed under specific categories.
May 22, 2024 Circulars FEMA

RBI sets investment limits for FPIs in debt and Credit Default Swaps for 2024-25. Revised limits for different categories specified. - FEMA
May 22, 2024 Circulars Customs

Queries on drawback applicability addressed by Chennai Customs, emphasizing reduced physical interface. Exporters to upload self-declaration for clarity.
May 22, 2024 Circulars Income Tax

Extension of due date for filing Form No. 10A/10AB under Income-tax Act, 1961 extended to 30.06.2024 for genuine hardship cases u/s 119.
May 22, 2024 Circulars GST - States

Circular clarifies treatment of statutory dues under GST law for taxpayers under IBC. Reduction in dues to be intimated for recovery proceedings.
May 22, 2024 Circulars SEBI

SEBI amends contract note requirements for 'fit and proper' status, easing business procedures. Stock Exchanges to update rules accordingly.
May 22, 2024 Circulars FEMA

Case involves unauthorized foreign exchange transactions u/s 3 of FEMA. Authorities took action against the same.
May 22, 2024 Circulars Income Tax

Consequences of PAN inoperative u/r 114AAA. Failure to link Aadhaar leads to higher tax deduction/collection. Partial relief if linked before 31.5.2024
May 22, 2024 Circulars SEBI

SEBI allows cross margin benefits for offsetting positions with different expiry dates, subject to specified conditions for stock exchanges and clearing corporations.
May 22, 2024 Circulars Customs

Extension granted for 3 months to Ortho-phosphoric Acid from BIS standard IS 798:2020. Amendment exempts acid used in fertilizer production.
May 22, 2024 Circulars Insolvency and Bankruptcy

Partial modification to IBBI circular on liquidators' fee under IBBI (Liquidation Process) Regulations, 2016. Certain paragraphs withdrawn, compliance deadline extended.
May 22, 2024 Circulars SEBI

SEBI issues circular mandating AIFs to submit standardized PPM audit reports online for annual compliance, with optional sections. Review and revisions planned.
May 22, 2024 Circulars DGFT

Discontinuation of Safeguard measures on Isopropyl alcohol import under Chapter 29 of ITC (HS) 2022, effective from 01.04.2024. - DGFT
May 22, 2024 Circulars FEMA

RBI allows resident entities to hedge gold price risk using OTC derivatives in IFSC, in addition to exchanges, as per updated guidelines.
May 22, 2024 Circulars DGFT

Clarification on fulfilling export obligation of Advance Authorisation under Customs Notifications, allowing options for physical exports or domestic supplies.
May 22, 2024 Circulars DGFT

Amendments made to Appendix-2Y of FTP, 2023, adding Ministry of Mines to the list of exempted QCOs for import of inputs by Advance Authorisation holders, EOU, and SEZ.
May 22, 2024 Circulars DGFT

SION - Correction made to import quantity of Filter Aid in Public Notice No. 01/2024 dated 9th April, 2024 from 3600 Kg to 3.600 Kg by DGFT u/s 1.03 of FTP, 2023.
May 22, 2024 Case Laws GST

The High Court held that the appeal filed u/s 107 of UPGST Act was within the statutory time limit. Errors on record justified writ jurisdiction. Delay allowed for appeal hearing.
May 22, 2024 Case Laws GST

Allahabad High Court held violation of natural justice due to non-speaking order, ignoring petitioner's replies, and incorrect tax rate application. Remanded for fresh reasoned order.
May 22, 2024 Case Laws GST

Delhi HC held violation of natural justice due to ex-parte demand under CGST Act. Petitioner to respond to Show Cause Notice for ITC claim scrutiny. Impugned order set aside.
May 22, 2024 Case Laws GST

Allahabad High Court held that penalty u/s 129 of GST Act not applicable for minor discrepancy in e-way bill vehicle number.

1 ....3 4 5 678 9 10 11........ 20

Quick Updates:

What's New:
Latest Case Laws

What's New:
Latest Notifications

What's New:
Latest Circulars

A: NON-SUBMISSION OF FORM 15G/15H TO THE COMMISSIONER FOR TDS UNDER SECTI...

A: UNDERSTANDING AMNESTY FOR WAIVER OF INTEREST / PENALTY U/S 128A OF GST...

A: Department cannot pass an order on the dated personal hearing

A: How to register a Company in India: A Step-by-Step Guide for 2024

C: Clarifications on the applicability of concessional duty under IGCR Ru...

C: Withdrawal of Master Circular on issuance of No Objection Certificate ...

C: Mandatory additional qualifiers in import declarations in respect of c...

C: Implementation of automation in the Customs (Import of Goods at Conces...

N: Securities and Exchange Board of India (Bankers to an Issue) (Amendmen...

N: Securities and Exchange Board of India (Buy-Back of Securities) (Secon...

H: Excess Input Tax Credit penalty appeal dismissed due to delay; court a...

H: Chit Funds Commission Not Subject to GST: High Court Quashes Notice.

H: Taxability of Additional Surcharge by Electricity Distribution Company...

H: Transport agency's bundled services disqualify it from GST exemption f...

H: Compensation for surrendering intellectual property rights treated as ...

H: Cooperative society eligible for tax deduction on interest from cooper...

H: Taxman overreached by turning limited scrutiny into wide-ranging probe...

H: TDS credit limited to income in return, excess related to past years' ...

H: Genuine anonymous donations not taxable. Grants not income if utilized...

H: Property investment source verification not valid grounds for reopenin...

H: Income Tax Assessment Notice Issued by Non-Jurisdictional Officer Quas...

H: Foreign tech firm wins case: No permanent establishment or royalty tax...

H: Simplified taxation for non-resident shipping biz: 7.5% presumptive in...

H: Freight charges paid to foreign shipping co. not taxable royalty or ch...

H: Software License & ICT Service Fees Taxability Re-examined - Royalty o...

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

F: assessment order

F: Transfer of ITC without filing ITC-02

A: Electronic Liability Register

A: From Inception to Exit- A Complete Guide to LLP Registration, Closure,...

↑Top