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 Excess Input Tax Credit penalty appeal dismissed... TaxTMI Transport agency's bundled services disqualify it... TaxTMI Taxman overreached by turning limited scrutiny into... TaxTMI Genuine anonymous donations not taxable. Grants not... TaxTMI Property investment source verification not valid... TaxTMI Income Tax Assessment Notice Issued by... TaxTMI Freight charges paid to foreign shipping co. not... TaxTMI Massive financial fraud via sham deals to launder... TaxTMI Excessive delay in issuing show cause notice &... TaxTMI Rectification: Show Cause Notice quashed for period... TaxTMI Investor locked into long-term capital gains bonds;... TaxTMI Funds received by assessee overlooked during... TaxTMI Cash deposits explained through VAT returns, cash... TaxTMI Customs duty dispute: Imported goods classified as... TaxTMI Appointment of adjudicator for corporate penalties... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Follow us:

Highlights / Annotations / Catch Notes For 2024

Home Highlights Year 2024

Filter:

Showing 3101 to 3150 of 9406 Records

1 ....59 60 61 626364 65 66 67........ 189

August 7, 2024 Notifications GST

Key GST amendments from Finance Act, 2024 now in effect! Section 13 from Oct 1, 2024; Sections 11 & 12 from Apr 1, 2025.
August 7, 2024 Case Laws GST

High Court overturns denial of input tax credit by petitioners. Cases remitted for fresh decision. Possible benefits if Finance Bill proposals enacted. Petitioners to deposit 25% disputed tax.
August 7, 2024 Case Laws GST

Court clarified that a writ of prohibition supervises courts from acting beyond jurisdiction. Distinction from certiorari noted. Writ petition dismissed.
August 7, 2024 Case Laws GST

Ruling: No GST on electricity delivery charges! Inward supplies not eligible for CGST and SGST credit.
August 7, 2024 Case Laws GST

Services provided to government under Jal Jeevan Mission are taxable at 18%. Exemption till 31-12-2021. After 01-01-2022, no exemption.
August 7, 2024 Case Laws GST

Goods like Pani Puri and services like serving cooked food at the counter are taxable at 5% GST rate.
August 7, 2024 Case Laws GST

Input tax credit available for second-hand luxury car business. Claim credit on evaluation, refurbishment, parts replacement expenses. No restrictions on credit claim.
August 7, 2024 Case Laws GST

Demo cars can get Input Tax Credit if used for future supply after demo period. Conditions apply: no depreciation claim, must be used for supply.
August 7, 2024 Case Laws Income Tax

Assessment reopened with errors in notice, alleging non-filing of return. Court rules in favor of assessee, criticizes AO's inconsistent approach.
August 7, 2024 Case Laws Income Tax

Reassessment challenged over late Form 10 submission. Disclosure more vital than digital filing rules. Court debates Section 11(2) relevance. Ruling emphasizes tax evasion proof.
August 7, 2024 Case Laws Income Tax

TDS: District Inspector deducted too much tax from salary arrears, blaming tax confusion. Court orders inquiry into incompetence.
August 7, 2024 Case Laws Income Tax

Faceless Assessment Unit delayed order, deactivated Response Button, violated natural justice. Order u/s 147 for AY 2018-19 set aside.
August 7, 2024 Case Laws Income Tax

Legal reps of deceased can challenge proceedings, but must follow Section 159. Court set aside reopening notice against deceased.
August 7, 2024 Case Laws Income Tax

Validity of order questioned after Settlement Commission abolished. CBDT's additional conditions for eligibility deemed unlawful. Petitioner eligible.
August 7, 2024 Case Laws Income Tax

Is property income "house property" or "business income"? Tribunal favors consistency, rejects Revenue's interpretation.
August 7, 2024 Case Laws Income Tax

Expat salary reimbursed not taxable as FTS. No agency PE/interrelated transaction. SanDisk India not assessee's dependent agent.
August 7, 2024 Case Laws Income Tax

Assessee LLC providing web services held US tax resident, eligible for India-USA DTAA benefits. Tribunal remands taxability issue to AO.
August 7, 2024 Case Laws Income Tax

Non-resident's foreign income not taxable in India. Stock options for foreign services not taxable. Tax treaty benefits allowed.
August 7, 2024 Case Laws Income Tax

Penalty u/s 271(1)(c) not leviable if assessee voluntarily discloses & pays tax during reassessment without adjustment.
August 7, 2024 Case Laws Income Tax

Non-resident Indian's challenge against ITO's jurisdiction upheld; reassessment notice invalid. Faceless Assessment Unit acknowledged NRI status.
August 7, 2024 Case Laws Income Tax

Reassessment notice quashed due to time limit & lack of approval under new law. Appellant wins on legal grounds.
August 7, 2024 Case Laws Income Tax

Tonnage Tax Scheme: No FCCB premium deduction allowed. Expenditure against tonnage income prohibited. Free funds argument rejected. 60% depreciation on UPS.
August 7, 2024 Case Laws Income Tax

Consultancy fees paid to director allowed if reasonable per business needs, complying with laws & not excessive as per market rates.
August 7, 2024 Case Laws Income Tax

Penalty u/ss 271D & 271E for cash loans from directors rejected - no exemption, proceedings timely despite COVID delays. Urgent expenses at distant project sites allowed cash loans.
August 7, 2024 Case Laws Income Tax

Annual letable value based on expected market rent, not actual rent. Provisioned expenses: If payer, payee, nature & liability identified, TDS due.
August 7, 2024 Case Laws Income Tax

Reopening invalid; mere discrepancy in computation method & legal interpretation isn't 'information'. Lack of reason to believe income escaped assessment. Sec 50C inapplicable on stock-in-trade sale.
August 7, 2024 Case Laws Income Tax

Corpus donations exempted u/s 11(1)(d), not 11(1)(a). No overlapping exemption. Separate incomes, separate exemptions. Assessee's appeal dismissed.
August 7, 2024 Case Laws Customs

Malicious prosecution suit against government authorities barred for late notice, overruling HC's view. Notice must precede limitation expiry per precedents.
August 7, 2024 Case Laws Customs

Imported medical monitor classified under 8529, not 8528; monitors lack distinction; proposed classification upheld.
August 7, 2024 Case Laws Customs

Denial of concessional duty rate for 'waste paper' import, non-maintenance of separate books, concealment from excise authorities to obtain 'end-use certificate'.
August 7, 2024 Case Laws Customs

Import allowed sans BIS cert, CESTAT orders provisional release. Test reports inconclusive on goods' nature/value. Final ruling awaited.
August 7, 2024 Case Laws Customs

Reg 17 CBLR mandates cross-exam rights; denial requires reasons. Statements u/s 108 questionable, cross-exam vital. Customs Broker not liable for employee's acts.
August 7, 2024 Case Laws Customs

Imported goods wrongly classified due to lack of testing evidence. Witness stance changed, further questioning denied.
August 7, 2024 Case Laws Insolvency and Bankruptcy

Operational creditors' rights under Art. 300A upheld. Tribunal's revisional jurisdiction over CoC affirmed. Finality doctrine & fraud risks in IBC addressed.
August 7, 2024 Case Laws Money Laundering

Arrest legal, court order, reasonable suspicion. Prosecution justified delay. Petitioner's influence, witness reluctance considered.
August 7, 2024 Case Laws Service Tax

Service tax refund allowed on additional charges recovered from customers without availing CENVAT credit. Gross amount charged basis for service tax payable.
August 7, 2024 Case Laws Service Tax

Flawed order due to vague notice alleging dual taxability impermissibly. No independent design services. Revenue failed to prove design as aim.
August 7, 2024 Case Laws Service Tax

Service recipient's costs for CISF security like accommodation, medical, telecom not taxable as free supplies. Tribunal upheld Bhayana Builders ratio.
August 7, 2024 Case Laws Central Excise

Electricity use evidence challenged; cross-exam denied, violating justice. Tribunal rejected quantification formula, but Revenue calculated averages. Case law argument rejected. Remanded for cross-exam opportunity.
August 6, 2024 Circulars Income Tax

Higher TDS/TCS rate exemption if deductee/collectee expired before linking PAN-Aadhaar by 31.05.2024 for transactions until 31.03.2024.
August 6, 2024 Circulars SEZ

BoA for SEZs: Co-devs, area changes, de-notification, validity extensions, conversions & misc. approved with caveats like Act/Rules compliance, tax examination & lease periods.
August 6, 2024 Circulars SEBI

SEBI consolidates circulars for Mutual Funds. New Master Circular supersedes previous one. Rescinded circulars listed, actions remain valid.
August 6, 2024 Circulars SEBI

SEBI mandates valuation of AT-1 Bonds by MFs based on Yield to Call, aligning with NFRA's Ind AS 113 recommendation for market valuation.
August 6, 2024 Circulars SEBI

AMCs must have robust systems to detect market abuse like front-running, fraud. CEOs accountable. Surveillance, controls, escalation. Examine communications, logs. Whistleblower policy.
August 6, 2024 Circulars GST - States

Insurers needn't pay GST on salvage deducted from claims as it remains insured's property. But if claim settled without deduction, insurer must pay GST on salvage sale.
August 6, 2024 Circulars GST - States

GST on spectrum allocation: Deferred payment is continuous supply. Time of supply governed by Sec 13(3), WBGST Act. Invoice required per Sec 31(5)(a).
August 6, 2024 Notifications Companies Law

Govt introduces e-adjudication platform for company penalties. Notices, filings, hearings, orders & payments go digital.
August 6, 2024 Notifications LLP

2024 LLP Rules amend defunct LLP strike-off process, empowering Centre for Accelerated Corporate Exit alongside Registrar for streamlined exit.
August 6, 2024 Notifications SEBI

SEBI renews recognition of National Commodity Clearing Ltd as clearing corp from 10/09/2022 to 09/09/2025 under regulations.
August 6, 2024 Notifications SEBI

Amended ICDR Norms: Senior management under KMP disclosure, offer doc details on remuneration, shareholding & agreements mandated.

1 ....59 60 61 626364 65 66 67........ 189

Quick Updates:

What's New:
Latest Case Laws

What's New:
Latest Notifications

What's New:
Latest Circulars

F: Time limit to upload Form GST MOV-09 on GST portal

F: Stock damaged in recent floods

F: GST on Solar Plant

A: PENALTY ON DIRECTORS CONTRAVENING EXPORT REGULATIONS UNDER FOREIGN EXC...

A: Difference between “License” and “Royalty”

A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...

N: Inland Container Depots for loading and unloading of goods - Seeks to ...

C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

T: Supreme Court Upholds Validity of Re-Assessment Notices Issued During ...

F: Transfer of ITC without filing ITC-02

H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

F: ITC Issue in case of Acqusition of Company in Insolvency

H: Goods matched documents like e-way bill and invoices; detention order ...

H: Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashe...

H: Income tax reassessment validity: AO initiated proceedings u/s 147 ins...

H: Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation En...

H: Sale-purchase loss disallowed unreasonably by tax officer, commercial ...

H: Building sale value can't determine depreciation; actual consideration...

H: Loan to equity conversion attracts income tax on excess share premium ...

H: Property purchase: Joint owners pay via banking channels before regist...

H: Tax exemption limit for leave encashment: Local authorities' employees...

H: Tax assessments beyond 6-year limit quashed, satisfaction note lacked ...

H: Cash found in lockers linked to temple trust and educational foundatio...

H: Microphone Tech Classification: Functionality Over Technology.

H: Exemption from Social Welfare Surcharge on duty-free imports via scrips.

H: Claim for performance pay not an operational debt under IBC; Multiple ...

A: Director Identification Number

A: No GST is applicable for the services provided by the Director under p...

A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...

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