Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Highlights Highlights, Income Tax, GST, Import Eport and Corporate Laws

Seized cash returned to owner due to lack of evidence about illegal source.
September 12, 2024   Case Laws     GST

Cancellation order due to unsubstantiated fraud allegations violated natural justice; revocation rejection set aside for fair hearing.
September 12, 2024   Case Laws     GST

Petitioner claims coerced tax deposit, disputes Input Tax Credit denial. Respondent denies coercion, calls deposit voluntary.
September 12, 2024   Case Laws     GST

Taxpayer wins remand on tax arrears dispute due to eligibility for input tax credit after legislative changes.
September 12, 2024   Case Laws     GST

Tax assessment order quashed for violation of natural justice; case remanded with conditions.
September 12, 2024   Case Laws     GST

Tax assessment order quashed for lack of due process; matter remanded for fresh hearing.
September 12, 2024   Case Laws     GST

Tax officer issued demand notice for GST payment, court upholds his authority.
September 12, 2024   Case Laws     GST

Notice for testing fly ash bricks upheld; Raise objections & reply to show cause.
September 12, 2024   Case Laws     GST

Chartered Accountant's spouse illness delays filing tax returns; condonation granted.
September 12, 2024   Case Laws     Income Tax

No penalty for estimated expense disallowance, rules ITAT.
September 12, 2024   Case Laws     Income Tax

Income tax deduction for co-operative societies: Eligibility criteria and treatment of interest/dividend income.
September 12, 2024   Case Laws     Income Tax

Guest house maintenance expenses allowed as business deduction for company.
September 12, 2024   Case Laws     Income Tax

Customs broker's license revocation invalid due to lack of mandatory offense report.
September 12, 2024   Case Laws     Customs

Customs duty deposit refunded with interest post favorable adjudication.
September 12, 2024   Case Laws     Customs

Plastic body, heating element classified as complete kettle - overturned lower ruling favoring importer's "parts" classification.
September 12, 2024   Case Laws     Customs

Transfer of shares dispute: Supreme Court overturns tribunals' rulings for inadequate evidence scrutiny.
September 12, 2024   Case Laws     Companies Law

Absence of tripartite contract, invoice evidence dooms IBC claim against third party.
September 12, 2024   Case Laws     IBC

Tax dues not treated as secured debt; Priority over workmen's dues and secured creditors.
September 12, 2024   Case Laws     IBC

Appellant's challenge to resolution plan approval dismissed for failure to conduct due diligence on corporate debtor's assets.
September 12, 2024   Case Laws     IBC

Tribunal overturns rejection of defective insolvency petition, mandates notice to rectify defects before dismissal.
September 12, 2024   Case Laws     IBC

Foreign exchange violation: Company's penalty halved, individual's reduced after RBI clearance omission.
September 12, 2024   Case Laws     FEMA

Bank and individuals fined for illegally transferring non-convertible funds abroad without RBI approval.
September 12, 2024   Case Laws     FEMA

Illegal forex transfer foiled at airport, accused couldn't justify retraction.
September 12, 2024   Case Laws     FEMA

Seizure of assets equivalent to property held abroad for forex violation.
September 12, 2024   Case Laws     FEMA

Delayed export obligations result in penalties for technical FEMA contraventions.
September 12, 2024   Case Laws     FEMA

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Reassessment Notices for AY 2013-14: Upholding the Doctrine of Limitation
Principles of Tax Fairness and Mens Rea: Quashes Penalty for Mere Technical Errors
Decoding the Mandatory Timelines: A Thorough Examination of the Income Tax Assessment Order Nullification
Expiry of E-Way Bill AND Mens Rea: Technical Violation Alone Insufficient for Penalty Imposition
Maintainability of Appeals: High Court Upholds Strict Interpretation of Limitation Provisions in GST Act
Stay of Tax Demand: Interpreting the Discretionary Power u/s 220(6) of the Income Tax Act
Interpreting "Technical Services" under Tax Treaties: A Comprehensive Analysis
Interpreting "Or": The Disjunctive Mandate for Personal Hearing in Tax Matters
Navigating the Registration Process u/s 80G: Insights from the ITAT Ruling
Ensuring Fair Proceedings: The Importance of Proper Notice Service in Income Tax Matters
Demarcating Authority: High Court Clarifies Jurisdictional Limits of GST Officers
Unraveling the Royalty Conundrum and DTAA: ITAT's Stance on Marketing and Reservation Fees
Royalty or Not? Decoding the Taxability of Marketing and Reservation Contributions under India-USA DTAA
Unraveling the Intricacies: Assessing a Political Party's Claim for Income Tax Exemption
Bogus Capital Gains and Accommodation Entries: Unraveling the Penny Stock Scam and Tax Evasion
Strict Interpretation of Exemption Provisions: Supreme Court's Ruling on Section 10B(8) of the Income Tax Act
Disallowance u/s 14A: Prospective or Retrospective Effect of the Amendment?
Navigating the Complexities of "Charitable Purpose" in Income Tax Exemptions
Cooperative Banks vs. Primary Agricultural Credit Societies: Implications for Section 80P Deduction
Exemption u/s 11: Condonation of Delay in Filing Form 10
Interpreting Section 249(4)(b) of the Income Tax Act: When Non-Payment of Advance Tax Cannot Dismiss an Appeal
Retrospective Amendments and the Doctrine of Vested Rights: A Judicial Perspective
Upholding Equality: HC Strikes Down Discriminatory Circular on Charitable Trust Approvals
Judicial Review of Income Tax Settlement Commission (ITSC) Orders: Navigating the Boundaries
Assessee's Lackadaisical Conduct Leads to Dismissal of Income Tax Appeal

More Notes

Notifications Notifications

FEMA

- Foreign Exchange (Compounding Proceedings) Rules, 2024
September 12, 2024

CVD

- Seeks to levy countervailing duty on 'Atrazine Technical' originating in or exported from China PR , in pursuance of final findings issued by DGTR - 05/2024-Customs (CVD) - Countervailing Duty
September 11, 2024

PMLA

- Central Government Authorization for IND-money Private Limited to perform Aadhaar Authentication for the purposes of section 11A of the Money-laundering Act
September 10, 2024

PMLA

- Seeks to Amend in the notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 372(E), dated the 5th February, 2016.
September 10, 2024

IBC

- Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Amendment Rules, 2024.
September 10, 2024

CVD

- Seeks to impose countervailing duty on imports of Welded Stainless-Steel Pipes and Tubes originating in or exported from China PR and Vietnam
September 10, 2024

SEZ

- To set up a FTWZ at Athipattu, Nandiambakkam and Puludivakkam Villages, Ponneri Taluk, Tiruvalur District in the State of Tamil Nadu.
September 9, 2024

Indian Law

- Central Government appoints the 10th day of September, 2024 as the date on which the provisions various sections of the Competition (Amendment) Act, 2023 shall come into force
September 9, 2024

Co. Law

- Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024.
September 9, 2024

Co. Law

- The Companies (Indian Accounting Standards) Second Amendment Rules, 2024.
September 9, 2024

Co. Law

- Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2024.
September 9, 2024

Indian Law

- Competition (Criteria for Exemption of Combinations) Rules, 2024.
September 9, 2024

Indian Law

- Competition (Criteria of Combination) Rules, 2024.
September 9, 2024

Indian Law

- Competition (Minimum Value of Assets or Turnover) Rules, 2024.
September 9, 2024

Indian Law

- The Competition Commission of India (Combinations) Regulations, 2024 (No. 07 of 2024).
September 9, 2024

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

GST

- Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess
September 10, 2024

GST

- Clarification on place of supply of data hosting services provided by service providers located in India to cloud computing service providers located outside India.
September 10, 2024

GST

- Clarification on availability of input tax credit in respect of demo vehicles.
September 10, 2024

GST

- Clarification in respect of advertising services provided to foreign clients.
September 10, 2024

SEBI

- Modification in the timeline for submission of status regarding payment obligations to the stock exchanges by entities that have listed commercial paper
September 6, 2024

FEMA

- Liberalised Remittance Scheme (LRS) for Resident Individuals-Discontinuation of Reporting of monthly return
September 6, 2024

Customs

- Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 in respect of EOUs
September 4, 2024

Customs

- Implicating Customs Brokers as co-noticee in cases involving interpretative disputes
September 3, 2024

DGFT

- Allocation of 8606 Metric Tonnes Raw Value (MTRV) of raw cane sugar to USA under TRQ scheme for US fiscal year 2025
September 3, 2024

DGFT

- Extension of Interest Equalization Scheme (IES) for Pre and Post shipment Rupee Export Credit for One month beyond August, 2024
August 31, 2024

Customs

- Implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR)
August 31, 2024

SEBI

- Review of eligibility criteria for entry/exit of stocks in derivatives segment.
August 30, 2024

DGFT

- Delisting of an Agency Authorized to issue Certificate of Origin (Non Preferential) from Appendix 2E of FTP, 2023
August 30, 2024

DGFT

- Abeyance of Public Notice No. 05/2024 dated 27.05.2024
August 29, 2024

DGFT

- Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 15.09.2024.
August 29, 2024

More Circulars

News News, PIB

Department of Economic Affairs notifies Foreign Exchange (Compounding Proceedings) Rules, 2024 in pursuance of Union Budget 2024-25 announcement
September 12, 2024


India-US working together in areas like critical minerals, supply chains and advanced technologies: Shri Piyush Goyal.
September 11, 2024


Trade Connect e-Platform for exports is single window, fast, accessible and transformational: Shri Piyush Goyal.
September 11, 2024


Shri Piyush Goyal inaugurates Akurli bridge, Mumbai; says Ganesh Chaturthi gift not just to North Mumbai but entire city.
September 11, 2024


IIFT Tops Worldwide in LinkedIn Global MBA Ranking 2024 in Networking, holds 51st position among top 100 programmes.
September 11, 2024


India-UAE bond will be the defining friendship, relationship & brotherhood of the decade and beyond: Shri Piyush Goyal.
September 10, 2024


Auction for Sale (re-issue) of (i) ‘7.02% GS 2031’, and (ii) ‘7.46% GS 2073’
September 10, 2024


Recommendations during 54th meeting of the GST Council
September 9, 2024


Auto component sector on road to reach $100 bn export target by 2030: Shri Piyush Goyal
September 9, 2024


IEPFA celebrates 8th Foundation Day in New Delhi - 8th Foundation Day celebration focused on empowering investors through innovative awareness programmes.
September 9, 2024


2nd India-Japan Finance Dialogue held in Tokyo on 6th September, 2024 - India-Japan agree to continue discussions for further promoting financial cooperation and strengthening bilateral relations
September 9, 2024


IEPFA organised ‘Niveshak Mashal’ annual half marathon to promote financial literacy and investor awareness.
September 9, 2024


National Conference on Responsible Business Conduct by IICA concluded in New Delhi
September 9, 2024


IICA concludes third batch of ESG Professional-Impact Leader Programme with BRSR Core Workshop
September 9, 2024


Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab
September 7, 2024


More News

Forum - Popular issues Discussion Forum - queries and issues

Forum - Recent Replied Issues

 

Latest Case Laws Latest Case Laws

 

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

 

 

 

Quick Updates:Latest Updates