Pricing Login

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

For Sales / Support:
WhatsApp

9911796707

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

TMI - e-Newsletter TaxTMI Deadline extended for filing income tax returns... TaxTMI Refund claim remanded for re-processing after... TaxTMI ITAT rules on transfer pricing issues:... TaxTMI Passenger's used personal jewellery exempt from... TaxTMI SEBI tightens merchant banker norms - streamlines... TaxTMI safe harbour rules: Simplified Tax Rules for... TaxTMI India Relaxes CHIMS Registration Rules for... TaxTMI Firm's GST registration cancelled due to... TaxTMI High Court rejects repeated attachment orders... TaxTMI Charity fund invested in joint ventures, risking... TaxTMI US firm's technical advisory services via call... TaxTMI Real Estate Reassessment Debacle: Reopening... TaxTMI Partners' capital withdrawal after reorganization... TaxTMI Court quashes export scheme benefit denial over... TaxTMI Money laundering case cognizance valid despite... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Follow us:

Highlights / Annotations / Catch Notes For July of 2024

Home Highlights July July 2024 Year 2024

Filter:

Showing 801 to 850 of 998 Records

1 ....13 14 15 161718 19 20

July 6, 2024 Case Laws Customs AT

Red Sanders logs deemed prohibited goods. Exporter not penalized due to lack of evidence of involvement in smuggling. Sealed containers under excise officers' supervision.
July 6, 2024 Case Laws Customs AT

Customs broker license revocation & penalty unjustified. Alleged violations unproven. Acted as facilitator, verified exporter's IEC. Exporter admitted export. Order set aside.
July 6, 2024 Case Laws Companies Law AT

Bid-rigging cartel in UP soil testing tenders busted. Toyfort, Austere Systems & Fimo Info Solutions penalized for violating Competition Act.
July 6, 2024 Case Laws Insolvency and Bankruptcy AT

Dishonored bills/cheques=financial debt under IBC. Respondent=financial creditor. Interest not mandatory for Section 7. Procedural defects don't invalidate claim.
July 6, 2024 Case Laws Insolvency and Bankruptcy AT

Pre-existing dispute over machine defects & delays before demand notice upheld dismissal of application, rendering arguments immaterial. Appeal dismissed.
July 6, 2024 Case Laws Insolvency and Bankruptcy AT

Section 7 application rejected due to Section 10A bar on filing for COVID defaults. Amending pleadings allowed, but changing default date sans justification prohibited.
July 6, 2024 Case Laws Insolvency and Bankruptcy AT

Corporate debtor defaulted on operational dues, triggering CIRP. Winding-up petition didn't halt limitation sans govt consent.
July 6, 2024 Case Laws Service Tax HC

High Court quashes service tax notice over Rs. 50 lakh due to lack of pre-notice consultation. Dept. directed to follow proper procedure.
July 6, 2024 Case Laws Service Tax AT

Manpower supply classified, limitation extended. Rs. 1.12cr demand upheld. Overseas IT service excluded from Business Auxiliary Service. Partial remand.
July 6, 2024 Case Laws Service Tax AT

Appellants wrongly claimed excess Cenvat credit, failed to maintain separate accounts for exempted services in 2008-10. 20% cap breached. Recalculation ordered.
July 6, 2024 Case Laws Service Tax AT

Clients had effective control over rented equipment. Appellants paid taxes. Not a 'Supply of Tangible Goods for Use' service. Service tax demands unsustainable.
July 6, 2024 Case Laws Service Tax AT

Appellants' film music promotion not 'Business Auxiliary Service' under tax laws. Rights transfer, not service to clients.
July 6, 2024 Case Laws Central Excise AT

Refund interest computed from refund application date/ appellate order date. Rate as notified u/s 11BB, per Supreme Court. Tribunal can't decide other rate.
July 6, 2024 Case Laws Indian Laws HC

Notice u/s 138 NI Act is prerequisite for complaint. Allows drawer 15 days to pay & avoid penalty. Serving notice on director who signed cheque is valid service.
July 6, 2024 Case Laws Indian Laws HC

Dishonour of Cheque: Trial court overstepped remand scope, erred in allowing new evidence beyond limited mandate. Reopening settled issues impermissible.
July 6, 2024 Case Laws Indian Laws HC

Contract inclusive of tax upheld. Award can be set aside only if illegality goes to root, not for erroneous law/evidence.
July 5, 2024 Circulars SEBI

New timelines for CRAs: 1 day to communicate ratings, 3 days for appeals, 7 days for press releases. Website disclosures & 10-year records.
July 5, 2024 Circulars SEBI

Consolidated guidelines for registered Credit Rating Agencies (CRAs) - operations, obligations, inspections & code of conduct per SEBI norms.
July 5, 2024 Circulars SEBI

Brokers mandated to establish fraud prevention mechanisms, trading surveillance, internal controls & whistleblower policy as per SEBI regs.
July 5, 2024 Circulars SEBI

SEBI extends deadline for stock brokers/DPs to submit audited accounts/net worth certificate from Sep 30 to Oct 31 for ease of business.
July 5, 2024 Circulars Companies Law

MCA portal migration from 4-14 Jul '24 will make eForm MGT-6 & BEN-2 unavailable. Due dates during this period get 15 days extension without late fees.
July 5, 2024 Case Laws GST HC

Cancellation order sans reasons violated precedents; notice & hearing mandatory pre-revocation to avoid business disruption if no dues.
July 5, 2024 Case Laws GST HC

Petitioner denied natural justice; no notice u/s 73; failed to submit explanation despite adjournments; presumed delaying tactic; statutory remedy available.
July 5, 2024 Case Laws GST HC

Order quashed, case remitted for fresh orders after depositing disputed tax. Treated as addendum to show cause notice. Partial relief granted.
July 5, 2024 Case Laws GST HC

Breakwater construction ineligible for input tax credit under GST. Not 'plant & machinery' for outward supply. Ensures ship safety, not production.
July 5, 2024 Case Laws GST HC

Appellate Authority dismissed appeal due to limitation; High Court can examine original order's legality. Petitioner's claim for GST cancellation revocation to be reconsidered on merit.
July 5, 2024 Case Laws Income Tax HC

IMG's services to BCCI for IPL taxed as business income, not FTS; bifurcation upheld; "effectively connected" clause left open.
July 5, 2024 Case Laws Income Tax HC

Trust's application can't be denied solely for not starting charitable activities. Authorities must verify objects' genuineness & activities' alignment.
July 5, 2024 Case Laws Income Tax HC

Cash transactions for sale & purchase proved. Denial of Sec 54 exemption on cash portion for reinvestment after property sale quashed. Undisclosed income doesn't negate exemption.
July 5, 2024 Case Laws Income Tax HC

Delayed filing of audit report condoned. Deduction u/s 11(1) allowed despite 134-day delay in Form 10B filing. Court: Don't deny exemption for delay if eligible. Liberal exercise of power required.
July 5, 2024 Case Laws Income Tax AT

CIT(A) rightly allowed appeal withdrawal despite objection, as revisionary order quashing necessitated consequential order's dismissal.
July 5, 2024 Case Laws Income Tax AT

E-filing lapses noted. Deduction denial unjust. Dept. must assess correctly, allow deductions per law & Constitution. Technicalities can't obstruct justice.
July 5, 2024 Case Laws Income Tax AT

Nexus between expenses & exempt income u/s 14A crucial. Rule 8D application requires due diligence. Bogus capital loss addition rightly deleted. Speculation loss treatment appropriate.
July 5, 2024 Case Laws Income Tax AT

Unsecured loans & capital intro during demonetization questioned. AO failed inquiries. Assessee claimed jewelry sales, past savings. Creditworthiness proved. Cash deposits not loans.
July 5, 2024 Case Laws Income Tax AT

Reassessment notice validly issued within 6-yr limit. AO recorded reasons before sanction & issued notice timely.
July 5, 2024 Case Laws Income Tax AT

Flawed valuation report benefits company's interest. Continuous losses lead to negative net worth. Share premium rightly taxed as income.
July 5, 2024 Case Laws Income Tax AT

TP adjustments: Equity broking markup tweaked, port fee allowed, no AE service markup. Program trades brokerage disallowed. Interest expense allowed due to interest-free funds.
July 5, 2024 Case Laws Income Tax AT

Compensation for rights transfer rightly taxed as income, not capital gains. Notional rent & interest income additions upheld. Deduction claim rejected due to lack of evidence.
July 5, 2024 Case Laws Customs HC

Monetary threshold for customs adjudication examined. Appellate authority rightly accepted lack of jurisdiction. Remand permissible. Limitation issue left open.
July 5, 2024 Case Laws Insolvency and Bankruptcy AT

Debt & default established through substantive evidence. Loan purpose irrelevant. Stamping issue inconsequential. AA's dismissal erroneous. Appeal allowed.
July 5, 2024 Case Laws Service Tax HC

Insurance firms can avail CENVAT credit on invoices with service tax paid. Coordinate benches bound by precedents. Dissent & referral to 3rd member impermissible.
July 5, 2024 Case Laws Service Tax AT

IT-enabled services resale value can't exclude reimbursable expenses. Gross customer charge basis for principal's price u/s 67. Revenue neutrality no defense for limitation.
July 5, 2024 Case Laws Central Excise AT

Fatty Acid Pitch (FAP) exemption wrongly denied citing fuel use without evidence. Lack of inquiry despite details provided. Invoking extended period sans proof is untenable.
July 5, 2024 Case Laws Indian Laws HC

Petitions dismissed for delay, laches & not availing s.397 CrPC remedy. S.482 powers can't override specific provisions like s.397(2).
July 4, 2024 Circulars Central Excise

Revised monetary limits for adjudication of show cause notices in Central Excise for tobacco & tobacco products. Applicable from 01.07.2017.
July 4, 2024 Circulars FEMA

All cross-border remittances now require Form A2, regardless of value. Earlier exemption up to $25K withdrawn. ensure compliance.
July 4, 2024 Circulars FEMA

Authorised Dealers can facilitate unlimited remittances based on Form A2 online/physically, subject to FEMA conditions. ADs to frame guidelines with Board approval.
July 4, 2024 Circulars SEBI

Master Circular consolidates debt securities issuance & listing norms. Supersedes previous circulars. Compliance mandatory for recognized entities.
July 4, 2024 Circulars SEBI

SEBI permits private placement of debt securities & preference shares at ₹10,000 face value with conditions like merchant banker, interest/dividend, & credit rating.
July 4, 2024 Circulars GST - States

Circular: 1) Car leasing sans operator not 'same line'. 2) Electricity reimbursed by lessees taxable. 3) Malted barley job work 5% GST. 4) District Mineral Trusts exempt. 5) CPWD landscaping exempt.

1 ....13 14 15 161718 19 20

Quick Updates:

What's New:
Latest Case Laws

What's New:
Latest Notifications

What's New:
Latest Circulars

H: Empowering Additional/Joint Commissioners for adjudication of DGGI not...

H: IFSCA unveils informal guidance scheme for clarity on IFSC business ac...

H: Easing mobile/email sharing rules for market alerts among family/autho...

H: New Master Circular updates rules for stock brokers; supersedes previo...

H: IT zone area reduced for infra development by a company.

H: New rules for rebate & duty-free exports under Central Excise. Simplif...

N: Seeks to amend Rule 18 and Rule 19 of the Central Excise Rules, 2017 -...

H: Govt rescinds customs duty exemption on crude oil & ATF imports.

N: Seeks to rescind Notification No. 32/2022-Customs dated 30th June, 202...

H: Govt revokes duty exemption on exported petrol, diesel & ATF; past act...

N: Seeks to rescind Notification No. 08/2022-Central Excise dated 30th Ju...

A: ONCE THE CLASSIFICATION OF THE CUSTOMS/EXCISE DEPARTMENT FAILS THE CON...

A: STATES TO REGULATE INDUSTRIAL ALCOHOL NOW

A: Key Features and Benefits of the Spice MCA Form

A: High Court issued notice to Revenue as there was no option on the GST ...

N: Central Government Authorization for Aditya Birla Sun Life Mutual Fund...

F: SCN due date S. 73

C: Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on ...

T: Decoding the Interplay of Sections 153A and 153C in Search Assessments...

T: Customs Valuation and Classification: Upholding Due Process and Object...

A: PAYMENT OF PRE-DEPOSIT FOR FILING APPEAL BY DEBITING ELECTRONIC CREDIT...

H: Authorities denied personal hearing despite request, order quashed.

H: Refund denied if export proceeds realized in INR via non-resident Vost...

H: Disputed tax case relief: 10% deposit required for stay on order pendi...

H: Quashed penalty for transporting goods after e-way bill expiry; proced...

H: High Court quashes penalty order for not generating e-invoices; direct...

H: Freight forwarder wins case against govt, gets refund of unconstitutio...

H: Popular flour mixes with spices & ingredients classified differently, ...

C: SMS and E-mail alerts to investors by stock exchanges

T: Income Tax Case Transfers: Place of Business vs. Registered Office: De...