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Addition u/s 69 r.w.s. 115BBE - Higher rate of tax treating the surrendered income as unexplained...
Addition u/s 69 r.w.s. 115BBE - Higher rate of tax treating the surrendered income as unexplained investment / income - Amount surrendered during a survey due to stock discrepancies and an excess cash... ...
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Excess or Short Payment of Customs Duty on Import of goods into India
Customs Duty payments often present challenges for importers, sometimes resulting in overpayment or underpayment. In this article, I delve into the common scenarios leading to such challenges and outl... ...
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AVAILABILITY OF GOOD FAITH CLAUSE IN SECTION 157 OF THE GST ACT TO THE OFFICERS OF THE STATE
Section 157 of the Central Goods and Services Tax Act, 2017 ( Act for short) provides that no suit, prosecution or other legal proceedings shall lie against the President, State President, Members, of... ...
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Understanding the Scope of Accounting.
Introduction Accounting covers a wide range of industries, including trade, business, government, financial institutions, private citizens, and all other sectors. The accounting concept governs all ac... ...
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GST not payable on amount recovered from permanent employees for canteen facility provided by employer
The AAR, Gujarat in the case of IN RE: M/S. SUZUKI MOTOR GUJARAT PVT LTD. - 2024 (2) TMI 848 - AUTHORITY FOR ADVANCE RULING, GUJARAT ruled that, GST is not payable on amount recovered for canteen faci... ...
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CCI approves subscription to compulsory convertible debentures of Napino Auto and Electronics Limited by International F.....
- - - Dated:- 24-4-2024 - The Competition Commission of India (CCI) has approved subscription to Compulsory Convertible Debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by Internation... ...
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Rectification u/s 154 - The Assessee argued that the assessments u/s 143(1) and 143(3) merged,...
Rectification u/s 154 - The Assessee argued that the assessments u/s 143(1) and 143(3) merged, precluding further additions u/s 154, while the Revenue contended that they were distinct assessments. Th... ...
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Detention Order under COFEPOSA - legal heirs of detenu - Smuggling - diesel oil of foreign origin - The...
Detention Order under COFEPOSA - legal heirs of detenu - Smuggling - diesel oil of foreign origin - The High Court addressed the challenge against a detention order issued under COFEPOSA, wherein the ... ...
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Levy of penalty - mis-declaration of goods - unflavoured boiled supari - reduction of the penalty under...
Levy of penalty - mis-declaration of goods - unflavoured boiled supari - reduction of the penalty under section 112 by the Commissioner (Appeals) - according to Revenue reduction was very high and unw... ...
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Suspension of license of public bonded warehouse - bonded goods were stored in non-bonded tanks -...
Suspension of license of public bonded warehouse - bonded goods were stored in non-bonded tanks - appellants pleaded that the disputed goods cannot be confiscated, when subsequent permission for bondi... ...
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Classification of imported goods - Navigation System - Multifunctional Devices or not -The Tribunal...
Classification of imported goods - Navigation System - Multifunctional Devices or not -The Tribunal upheld the Order-in-Appeal No.84/2018, confirming the classification of the imported multifunctional... ...
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Offences triable by Special Court - offences other than the Companies Act i.e. under the IBC Act - The...
Offences triable by Special Court - offences other than the Companies Act i.e. under the IBC Act - The Supreme Court held that the IBC is a complete code in itself and incorporates the provisions of t... ...
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Judicial Discipline - Seeking refund of accumulated Cenvat credit - input services or not - The...
Judicial Discipline - Seeking refund of accumulated Cenvat credit - input services or not - The department had not accepted the judgement in the case of Paul Merchants and filed a Civil Appeal before ... ...
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Works Contract Service - availment of Composition Scheme - The Tribunal set aside this demand,...
Works Contract Service - availment of Composition Scheme - The Tribunal set aside this demand, recognizing the appellant’s exercise of the composition scheme as valid, even if not explicitly communica... ...
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Refund of accumulated credit - Eligibility to CENVAT credit to a manufacturer of goods having ‘nil’...
Refund of accumulated credit - Eligibility to CENVAT credit to a manufacturer of goods having ‘nil’ tariff rate of duty - The Tribunal found that the provisions under Rule 6 of the CENVAT Credit Rules... ...
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Legal implication of a promotional trailer - absence of specific content from the trailer in the movie -...
Legal implication of a promotional trailer - absence of specific content from the trailer in the movie - promotional trailer is an offer or a promise - unfair trade practice - The Supreme Court clarif... ...
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Dishonour of Cheque - territorial jurisdiction - Foreign instrument - Cheque not made payable in India;...
Dishonour of Cheque - territorial jurisdiction - Foreign instrument - Cheque not made payable in India; and, was not drawn on a bank in India - The court noted that the cheque, though foreign, was pre... ...
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Ease of Doing Business: Text on Contract Note with respect to Fit and Proper status of shareholders
CIRCULAR SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/25 April 24, 2024 To All recognised Stock Exchanges Dear Sir/ Madam, Sub: 1. SEBI has received representations from market participants through the Industry S... ...
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Exemption from specified income U/s 10(46) – ‘Kerala Autorickshaw Workers Welfare Fund Scheme, Kollam, notified
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 41/2024 New Delhi, the 24th April, 2024 S.O. 1777(E). In exercise of the powers conferred by clause (46) of... ...
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2024 (4) TMI 974 - CESTAT CHENNAI
Refund of EDD - Period of limitation - Appellant unaware of finalisation of bills of entry - request for finalisation of their provisional bills of entry and cancellation of pre-deposit - HELD THAT:- ... ...