Income Tax: Reopening of assessment - non obtaining of the requisite prior permission u/s 151 - The assessee is alleging that revenue has not obtained the necessary requisite permissions u/s 151 and onus is on the assessee to bring some evidence to justify its allegations. - Tri
April 21, 2018

Income Tax: Income of the trust - There has to be as many assessments on the trustee as there are beneficiaries with determinate and known shares, though for the sake of convenience, there may be only one assessment order specifying separately the tax due in respect of the income of each beneficiary. - Tri
April 21, 2018

Income Tax: Disallowance of weighted deduction u/s 35(2AB) - non receipt of form No.3CM - expenditure incurred on Research & Development activity - The non receipt of form No.3CM for the intervening three years is at best a procedural lapse and is not fatal for denial of claim of deduction under section 35(2AB) of the Act. - Tri
April 21, 2018

Customs: Jurisdiction - power of DRI to issue SCN - tribunal remanded back the case - Whether CESTAT was justified and correct in law in passing an order of remand to the original adjudicating authority to first decide the issue of jurisdiction, after decision of the Supreme court - Held NO - HC
April 21, 2018

Customs: Pilferage - there is no reason to accept the claim of 'short shipment' - the adjudicating authority has rightly fastened the liability for duty on the pilfered goods on the custodian, who is the appellant in the present proceedings. - Tri
April 21, 2018

Central Excise: CENVAT credit - Reversal of credit on capital goods - whether the leasing back amounts to removal of capital goods from the factory premises of the petitioner or not? - Rule 3(5) of the CCR - the question of deemed removal of the goods will not even arise. - HC
April 21, 2018

Service Tax: Supply to Tangible Goods Service - classification of services - the appellant were providing helicopter to the State Government for transportation of their personnel as and when required - the services will be rightly classifiable under the category of “Supply to Tangible Goods Service” - Tri
April 21, 2018

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An open letter to Honourable Prime Minister of India Why Frauds happen in Banks - Auditor Perspective
April 21, 2018

WHETHER REGULATED SALES OF LIQUOR BY GOVERNMENT CORPORATIONS A SERVICE?
April 21, 2018

Canteen services- analysis of Advance Ruling Authority, Kerala
April 20, 2018

Doing Mango Business with Australia
April 20, 2018

Analysis of Advance Ruling on Recovery of Food Expenses from Employees for the canteen provided
April 19, 2018

A Comprehensive understanding of Job Work provisions Under GST
April 19, 2018

Un-necessary litigation and argument to distinguish settled matter is wrong. Advocates, as responsible officers of Court must desist from such practices
April 18, 2018

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Cus (NT) - Exchange Rates Notification No.33/2018-Custom(NT) dated 19.4.2018
April 19, 2018

ADD - Seeks to impose definitive anti-dumping duty on imports of Glassware, originating in, or exported from People's Republic of China and Indonesia.
April 18, 2018

CGST - Seeks to make amendments (Fourth Amendment) to the CGST Rules, 2017
April 18, 2018

ADD - Seeks to extend the levy of anti-dumping duty, imposed on imports of Soda Ash originating in or exported from Russia and Turkey under Notification No. 8/2013-Customs (ADD), dated the 18.04.2013 for a further period of one year (i.e. 16.04.2019) or till the conclusion of the sunset review investigations initiated by the Designated Authority vide initiation notification No.7/4/2018-DGAD dated the 16th April, 2018, whichever is earlier.
April 17, 2018

FTP - Amendment in import policy conditions under Exim Code 9022 of Chapter 90 of ITC (HS), 2017, Schedule - I (Import Policy)
April 16, 2018

FTP - Incorporation of new HS codes for laying down import policy for Kabuli Chana, Bengal gram and Others under Exim Code 0713 of Chapter 07 of ITC (HS), 2017, Schedule - I (Import Policy)
April 16, 2018

SEZ - Amendment in Notification No. S.O.1864(E) dated 18th May, 2016
April 13, 2018

More Notifications

Customs - Classification of remnant fuel & oils -reg.
April 19, 2018

Customs - Subject: - Mechanism for drawal of representative samples in respect of DPD FCL containers from Terminals involving sampling by Customs or Participating Government Agencies (PGAs), operationalising “on-wheel sampling area for DPD FCL containers” -Reg.
April 18, 2018

Customs - Subject: Selection of a food-items for FSSAI NOC, efforts to reduce unintended selection and also to reduce time taken to obtain NOC / Test Reports- reg.
April 17, 2018

Customs - Subject: Duty payment through various duty credit scrips issued under Chapter 3 of FTP- reg.
April 17, 2018

VAT - Delhi - Regarding Assessment orders under the CST Act, 1956 for the year 2013-14; representation of STBA reg.
April 17, 2018

Customs - Subject: - Procedure (revised) to be followed for scanning of DPD containers selected for scanning- reg
April 13, 2018

Customs - SUB: Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments.–reg.
April 13, 2018

More Circulars

Two day Regional Conference on “Urban Development: Technological Solutions and Governance Challenges” concludes in Ahmedabad today ;
April 20, 2018

Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements
April 20, 2018

Shri Subhash Chandra Garg , Secretary ,Economic Affairs participates in the BRICS Finance Ministers and Central Bank Governors Meeting in Washington D.C
April 20, 2018

RBI Reference Rate for US $
April 20, 2018

MoS P.P. Chaudhary to embark on a 10-day visit to St Vincent & Grenadines, Barbados, Washington DC and New York
April 20, 2018

CCI issues important order under Lesser Penalty Provisions in the cartel case by leading Indian Zinc-Carbon Dry Cell Battery Manufacturers
April 19, 2018

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified
April 19, 2018

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