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Highlights 
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws SEBI
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws VAT / Sales Tax
December 9, 2024 Case Laws Service Tax
December 9, 2024 Case Laws IBC
December 9, 2024 Case Laws IBC
December 9, 2024 Case Laws IBC
December 9, 2024 Case Laws Customs
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws Income Tax
December 9, 2024 Case Laws GST
December 9, 2024 Case Laws GST
December 9, 2024 Case Laws GST
December 9, 2024 Case Laws GST
December 9, 2024 Case Laws GST
Articles
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INTERNATIONAL FINANCIAL SERVICES AUTHORITY (INFORMAL GUIDANCE) SCHEME, 2024
December 9, 2024
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Faceless assessments should be made more flexible
December 9, 2024
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Examples of Direct Tax and Indirect Tax in Everyday Life
December 9, 2024
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No Order can be passed beyond the defects mentioned in the SCN
December 9, 2024
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Date of rectification order relevant date for calculating limitation period for filing of appeal
December 7, 2024
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How the GST rate List Impacts Small Businesses in India
December 7, 2024
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CARRYING OF ORNAMENTS AND JEWELLERY AS PART OF BAGGAGE DOES NOT AMOUNT TO SMUGGLING
December 7, 2024
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Demand of service tax cannot be raised when the tax liability has already been discharged under RCM
December 7, 2024
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FPI to FDI reclassification: New RBI framework
December 6, 2024
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Simplifying Compliance: Understanding AGM for OPC
December 6, 2024
Short Notes
Iron Ore Exports and Refund: Assessing 'Fe' Content on WMT Basis for Duty Calculation
Ensuring Procedural Fairness: The Importance of Proper Service of SCN in Tax Assessments
Decoding the Interplay of Customs Duty, Interest, and Confiscation Proceedings
Validity of Assessment u/s 153C: Reckoning the Limitation Period
Interpreting 'Initiation' of Penalty Action u/s 275(1)(c): Period of Limitation
Faceless Assessment: Decoding the Exemptions for International Tax Charges
Interpreting Rule 86A: Safeguarding Taxpayers' Rights in ITC Blocking
Writ Jurisdiction Not a Shortcut to Bypass Tax Adjudication Process, Rules Court: Judicial Discipline to be followed
Decoding the Interplay of Sections 153A and 153C in Search Assessments: Limitation and Reassessment Dynamics
Customs Valuation and Classification: Upholding Due Process and Objective Assessment
Income Tax Case Transfers: Place of Business vs. Registered Office: Determining the Appropriate Jurisdiction for Income Tax Assessments
Validity of Writ Petitions and Section 153C Proceedings: Examining the High Court Judgment
Interpreting Time Limits for 80G Registration for Charitable Institutions: Avoiding Absurdity in the Law
Unraveling the Web: Forgery, Fake GST Firms, and the Pursuit of Economic Justice
Interplay between the provisions of Section 153C and Section 147: Limits on Automatic Reassessment in Search Cases
Decoding the GST Forgery Case: Balancing Personal Liberty and Safeguarding Public Interest for Grant of Bail in Economic Offenses
Equity and Justice in Tax Matters: Condonation of Bona Fide Delays
Embracing Equity in Tax Laws: Recognizing Genuine Difficulties in Condonation of Delays in filing of ITR
Recovery Proceedings Against Legal Heirs of Sole Proprietors: Invalidity of Demand Notices Issued Against Deceased Exporters
Jurisdiction of DRI Officers: Supreme Court Upholds Section 97 of Finance Act 2022 validating Customs Notices
Dissecting the Legality of IGST on Ocean Freight for FOB Imports: Refund of IGST
Real Income Taxation: Avoiding Double Disallowance of Wages and Salaries Payable
Jurisdictional Prerequisites for Initiating Reassessment u/s 148: Non-Depoist of TDS by the Employer
Revisiting the Scope of "Record" u/s 263: Embracing Subsequent Records
Notifications
PMLA
- Central Government appoint for any case or class or group of cases a Special Public Prosecutor.December 6, 2024
PMLA
- Supersession of Notification No. S.O. 688(E) dated 6th March, 2014December 6, 2024
PMLA
- Central Government appoints the Advocates as Special Public Prosecutors for conducting the prosecution of cases on behalf of the Directorate of Enforcement before the Special Courts under the Prevention of Money Laundering Act, 2002December 6, 2024
ADD
- Corrigendum - Notification No. 26/2024-CUSTOMS (ADD), dated the 4th December, 2024December 5, 2024
FTP
- Export of Broken Rice to Senegal and Gambia through National Cooperative Exports Limited (NCEL)December 5, 2024
SEBI
- Securities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2024.December 4, 2024
SEBI
- Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024.December 4, 2024
ADD
- Seeks to impose Anti-Dumping Duty on imports of "Textured Tempered Coated and Uncoated Glass " falling under Tariff headings 7003, 7005, 7007, 7016, 7020 and 8541 originating in or exported from China PR or Vietnam for a period of 6 Months.December 4, 2024
PMLA
- Central Government Authorization for Aditya Birla Sun Life Mutual Fund to perform Aadhaar Authentication for the purposes of section 11A of the Money-laundering ActDecember 3, 2024
Cus
- Seeks to rescind Notification No. 32/2022-Customs dated 30th June, 2022.- It was exempting imports of Petroleum Crude and ATF from whole of the additional duty of Customs as is equivalent to the Special Additional Excise Duty leviable thereon under section 147 of the Finance Act, 2002December 3, 2024
CE
- Seeks to rescind Notification No. 08/2022-Central Excise dated 30th June, 2022- Exemption relating to certain applicable duties on petrol, diesel and ATF cleared for exportsDecember 3, 2024
CE (NT)
- Seeks to amend Rule 18 and Rule 19 of the Central Excise Rules, 2017 - Rule 18 is related to Rebate of duty and rule 19 is related to Export without payment of dutyDecember 3, 2024
CE
- Seeks to withdraw Road and Infrastructure Cess (RIC) on export of motor spirit, commonly known as petrol, and high speed diesel oil.December 2, 2024
CE
- Seeks to withdraw Special Additional Excise Duty (SAED) on production of Petroleum Crude and on export of Aviation Turbine Fuel, motor spirit, commonly known as petrol, and high speed diesel oil.December 2, 2024
IT
- Central Government approves ‘International Institute of Information Technology, Hyderabad for ‘Scientific Research' under the category of ‘University, College or Other Institution’ for the purposes of clause (ii) of sub-section (1) of section 35December 2, 2024
Circulars/ Public Notices
DGFT
- Launch of Revamped Preferential Certificate of Origin (eCoO) 2.0 SystemDecember 6, 2024
SEBI
- Repository of documents relied upon by Merchant Bankers during due diligence process in Public issuesDecember 5, 2024
GST
- Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on 'Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017'December 4, 2024
SEBI
- SMS and E-mail alerts to investors by stock exchangesDecember 3, 2024
Indian Laws
- International Financial Services Centres Authority (Informal Guidance) Scheme, 2024December 2, 2024
IBC
- Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.December 2, 2024
Income Tax
- Extension of due date for furnishing return of income in the case of an assessee who is required to furnish a report referred to in section 92E regarding International Transactions for the AY 2024-25November 30, 2024
SEBI
- Business Continuity for Interoperable Segments of Stock ExchangesNovember 28, 2024
SEBI
- Valuation of repurchase (repo) transactions by Mutual FundsNovember 26, 2024
SEBI
- Guidelines to Stock Exchanges, Clearing Corporations and DepositoriesNovember 22, 2024
SEBI
- Withdrawal of Master Circular on issuance of No Objection Certificate (NOC) for release of 1% of Issue AmountNovember 21, 2024
Customs
- Clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instancesNovember 21, 2024
Customs
- Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022November 21, 2024
Customs
- Mandatory additional qualifiers in import declarations in respect of coking/ non-coking coal w.e.f 15.12.2024November 20, 2024
SEBI
- Amendment to Para 15 of Master Circular for Credit Rating Agencies (CRAs) dated May 16, 2024 (“Master Circular”)November 18, 2024
News
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India-Australia CCEA stocktake visit concludes in Delhi
December 9, 2024
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India and Norway forge deeper economic partnerships, tackling business collaboration challenges and exploring cross-sector growth opportunities.
December 9, 2024
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India - Norway Business Roundtable with Shri Piyush Goyal
December 9, 2024
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Cabinet approves setting up of 28 new Navodaya Vidyalayas in the uncovered districts of the country
December 7, 2024
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Recognised startups create over 16.6 lakh direct jobs across more than 55 varied industries
December 6, 2024
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Centre approves 12 new industrial smart city projects worth Rs 28,602 crore for development of trunk infrastructure packages
December 6, 2024
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Monetary Policy Statement, 2024-25 Resolution of the Monetary Policy Committee December 4 to 6, 2024
December 6, 2024
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Government of India and ADB sign $50 million loan for climate-adaptative water harvesting project in Meghalaya
December 5, 2024
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MSMEs integral to industrial growth, willing to earmark land at a concession to develop businesses in industrial townships: Shri Piyush Goyal
December 5, 2024
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Russian President Putin praises PM Modi's "India-First" Policy and "Make in India" Initiative at VTB Russia Calling Investment Forum in Moscow
December 5, 2024
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Advisory on mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024
December 5, 2024
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Boilers Bill, 2024 moved in Rajya Sabha
December 5, 2024
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Interns embark on their internship journey across 34 States and UTs of India under the Pradhan Mantri Internship Scheme
December 5, 2024
Forum - Popular issues
Itc available on lift installed in commercial building given for rent (119)
Rcm on audit fee (42)
Gst on office (27)
Itc credit for raw materials sold as scrap (20)
16(4) time limit (19)
Non issue of tax invoice by registered gta (15)
Itc reversal on fixed assets written off in the books (14)
Rmc on fright (12)
Rule 86b restriction not applied where income tax paid (12)
Works contractors - tds data (11)
Treatment of itc reversed (4b2 of gstr3b) and reclaimed (4d1 of gstr3b) amount in gstr-9 (11)
Deemed exports (11)
Ineligible itc (11)
Family in gst law (11)
Inclusion of rental business location as additional place of business (pob) (11)
Forum - Recent Replied Issues
Income from house property (1)
Gst on supervision charges (7)
Refund as per section 54(8)(e) of cgst act 2017 ... (4)
16/4 in eligible itc order (4)
Gst notice validity- erroneous refund (4)
Late fee or penalty if gstr 9 not filed (4)
Import of spare parts under epcg scheme. (4)
Reversal of itc on re-import of goods exported under lut ... (2)
Misuse of power (4)
Gst input on gta bill with 5% invoice (4)
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
