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Highlights / Annotations / Catch Notes For July of 2022

Home Highlights July July 2022 Year 2022

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Showing 1 to 50 of 524 Records

12 3 4 5........ 11

July 30, 2022 Case Laws Money Laundering

Power to investigate under PMLA - the expression “and” occurring in Section 3 has to be construed as “or”, to give full play to the said provision so as to include......
July 30, 2022 Case Laws Money Laundering

Constitutional validity and interpretation of certain provisions of the Prevention of Money-Laundering Act, 2002 - procedure followed by the Enforcement Directorate (ED)....
July 30, 2022 Case Laws GST

Exemption from CGST - toll charges - annuity (deferred payments) - Validity of clarificatory circular - The deliberation of GST Council in its meeting held on 06.10.2017....
July 30, 2022 Case Laws GST

Levy of CGST and SGST - transportation services rendered by the drivers outside the State of Telangana - OLA - providing an electronic platform to the driver partners......
July 30, 2022 Case Laws Income Tax

Additional depreciation u/s 32(1)(iia) - asset put to use for less than 180 days - remaining 50% of allowable additional depreciation in the subsequent assessment year -....
July 30, 2022 Case Laws Income Tax

Change of jurisdiction u/s 127 - As in the present case, the Assessing Officer rejected the objection regarding the jurisdiction and referred the matter to the PCIT to......
July 30, 2022 Case Laws Income Tax

Revenue recognition - Accounting method - determination of income on completion of its projects - the method of accounting, namely, the project completion method was......
July 30, 2022 Case Laws Income Tax

Recovery from the directors u/s 179 - Attachment of property - Arrears of taxes other liabilities of private company - here was no satisfaction recorded that the tax......
July 30, 2022 Case Laws Income Tax

Penalty u/s 271(1) - Unaccounted cash receipts - assessment u/s 153A - the conclusion reached by the Tribunal in the instant case that the notice for imposition of......
July 30, 2022 Case Laws Income Tax

Income accrued in India - Royalty u/s.9(1)(vi) - intra-group services fees - Coming to the Indo-Spain DTAA, it is axiomatic that the domestic law has not been linked......
July 30, 2022 Case Laws Income Tax

LTCG - Deduction u/s. 54 - scope of amendment - "one" versus "a" - investment of capital gain into more than one residential units - Commissioner though referred the......
July 30, 2022 Case Laws Income Tax

Reopening of assessment u/s 147 - Bogus purchases - In view of failure on the part of the assessee in substantiating the purchases from those two parties, the Assessing.....
July 30, 2022 Case Laws Income Tax

Addition u/s 68 - unexplained cash credit - unsecured loan - the assessee has not been able to establish the creditworthiness of lender nor has he been able to establish....
July 30, 2022 Case Laws Income Tax

TP Adjustment to the licence fees paid for time and billing software - Determination of arm's length price at Nil in grounds 1 & 2 and at Rs. 50 lakhs on ad hoc basis in....
July 30, 2022 Case Laws Income Tax

Capital Gain - computation of cost of acquisition - bonus debentures or not - re-investment of dividend amount - An amount was indeed received on behalf of the assessee.....
July 30, 2022 Case Laws Income Tax

Deduction u/s 80IB - failure to produce SSI certificate before the AO - No adverse inferences qua the entitlement of the assessee for deduction u/s 80IB could have been.....
July 30, 2022 Case Laws Customs

Validity of SCN - 100% EOU - Private Warehouse - Cancellation of licence under Sub Section 2(b)of Section 58 granted to petitioner under Sub-Section (1) of Section 58 of....
July 30, 2022 Case Laws Insolvency and Bankruptcy

Rejection of application for initiation of CIRP - The mere fact that the Corporate Debtor has admitted liability to make payment in its minutes of meeting does not......
July 30, 2022 Case Laws Companies Law

Reduction of share capital - the Company has complied with all the statutory requirements as per the directions of the Tribunal and has also filed necessary Affidavits......
July 30, 2022 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - The Corporate Debtor is not to raise bogie of disputes but there has to be real substantial dispute. The existence of dispute when the Demand Notice....
July 29, 2022 Case Laws GST

Cancellation of registration of petitioner - request for revocation is not filed within the statutory limitation of 90 days - While some of them filed appeal beyond the.....
July 29, 2022 Case Laws GST

Profiteering - supply of Power Bank Portronics Power Slice 10 - It has been established that the Respondent has increased the base price of the product i.e. Power Bank,.....
July 29, 2022 Case Laws GST

Profiteering - Construction Service supplied by the Respondent - Respondent had not passed on the benefit of Input Tax Credit (ITC) to him by way of commensurate......
July 29, 2022 Case Laws Income Tax

Tax Collection at Soruce (TCS) - Addition u/s 206C(6)/206C(7) - whether the Swan timber is different from timber - if the timber is being sized, sawn into logs of......
July 29, 2022 Case Laws Income Tax

Penalty u/s 271D - Journal entries - urgent need to make payment towards EPF - there was cash deposit in the bank account which is contravention of the provisions of......
July 29, 2022 Case Laws Income Tax

TP Adjustment - As per the provisions of aforesaid Rule, the ‘other method’ shall be the method which takes into account the price which has been or would have been......
July 29, 2022 Case Laws Income Tax

Penalty u/s 271(1)(b) - default / non-compliance of notice issued u/s 142(1) - AO has completely ignored the request of the assessee then the question of paying the......
July 29, 2022 Case Laws Income Tax

Cheque issue business - Genuineness of activity - onus to prove in case of No-account case - money laundering and financial accommodation business - In fact, the AO......
July 29, 2022 Case Laws Insolvency and Bankruptcy

Conduct of the Resolution Professional (IRP) - prayer to expunge the said observations on the ground, that being adverse, it has the effect of damaging the reputation......
July 29, 2022 Case Laws Insolvency and Bankruptcy

Approval of resolution plan - Rejection of the claim of the appellant as Financial Creditors - payment of Earnest Money - The disbursement was not in consideration for......
July 29, 2022 Case Laws Insolvency and Bankruptcy

CIRP - Corporate debtor under liquidation - Action of ED attaching the property of CD - The summons/orders issued by the Enforcement Directorate/Adjudicating......
July 29, 2022 Case Laws Service Tax

Condonation of delay of 302 days in filing appeal - It is undisputed that it places a limitation on the extent to which the delay can be condoned by the Commissioner......
July 29, 2022 Case Laws Central Excise

Demand of Central Excise duty under Section 11D of CEA - Reversal of Cenvat Credit - Needless to say, since this is not an amount of excise paid by the appellant and the....
July 29, 2022 Case Laws Central Excise

Valuation - job work - addition of the value of waste and scrap cleared by the appellant in the assessable value - All the components going into the value would have......
July 29, 2022 Case Laws Indian Laws

Appointment of arbitrator - The order passed by the High Court to the extent directing to constitute an Arbitral Tribunal in terms of clause 64(3)(b) of the GCC is......
July 29, 2022 Case Laws Indian Laws

Interpretation of statute - Section 14 of SARFAESI Act - The view taken by the High Court are agreed upon that (i) the District Magistrate, Chief Metropolitan Magistrate....
July 28, 2022 Case Laws GST

Scope of exemption - ‘religious ceremony’ versus ‘religious pilgrimage’ - As Haj Committees render services only in respect of Haj pilgrimage, the religious pilgrimage......
July 28, 2022 Case Laws GST

Liability of service tax / GST - service rendered to Haj pilgrims - Discrimination between HGOs and the Haj Committees - The Haj Committees are the agencies and......
July 28, 2022 Case Laws GST

Liability of service tax / GST - service rendered to Haj pilgrims - Place of supply of services - As per Item (iv) of sub-clause (b) of Clause (i) of Rule 2 of the said.....
July 28, 2022 Case Laws GST

Condonation of delay in filing appeal - extension of condonable period - Validity of SCN and order cancelling the petitioners’ registration - The extension of limitation....
July 28, 2022 Case Laws GST

Difficulty in obtaining GST registration - discrepancy in PAN - Admittedly, the GST registration of the petitioner-Trust has not been successful because of the defect in....
July 28, 2022 Case Laws GST

Seizure of goods alongwith the vehicle - case is that the goods were not accompanying with proper document as prescribed under the Act - Both the authorities lost sight.....
July 28, 2022 Case Laws Income Tax

Deemed dividend addition u/s 2(22)(e) - assessee purchase of adjacent old residential house in her own name but the payment was made through the bank account of the......
July 28, 2022 Case Laws Income Tax

Exemption u/s 11 - amount spent outside India on account of boarding and lodging local transport etc. - Assessee has not even produced any iota of evidence/materials......
July 28, 2022 Case Laws Income Tax

Revision u/s 263 by CIT - remuneration paid to its working partners - such partners of the assessee firm is engaged in full time teaching profession - there is no bar......
July 28, 2022 Case Laws Income Tax

Unaccounted investment towards the purchase of the property - element of payment of cash to the outgoing Doctors - We note that since the issue has already been decided.....
July 28, 2022 Case Laws Income Tax

Gain on sale of land - capital gain or business income - The statement read as a whole does not indicate that the assessee has admitted as observed by A.O. in assessment....
July 28, 2022 Case Laws Income Tax

Capital gain computation - adoption of value as deemed consideration u/s. 50C as against the actual sale consideration - Even if Section 50 is to be applied as per the......
July 28, 2022 Case Laws Income Tax

Deemed dividend addition u/s 2(22)(e) - AO’s action treating the advances received from the company as business income already stands deleted. We hold that the same has.....
July 28, 2022 Case Laws Customs

Legality of the the late fees - delay in filing the Bill of Entry - The satisfaction for sufficiency of cause is a subjective satisfaction which has to be exercised......

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

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

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

N: Specifying Forms prescribed in Appendix-II of the Income Tax Rules 196...

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

N: Exemption from specified income U/s 10(46) of IT Act 1961 – ‘National ...

A: Electronic Liability Register

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

A: Appeal filed beyond condonable period after writ proceedings disposal ...

A: Common Mistakes to Avoid While Making Income Tax Payments

F: PRE-DEPSOIT ISSUES

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