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TMI - e-Newsletter TaxTMI Capital gain computation - determination of holding... TaxTMI Validity of Referring the matter to DVO - Additions... TaxTMI Initiating proceedings u/s 153C - The High court... TaxTMI Refund of IGST on goods exported - The High court... TaxTMI Service of Notices after cancellation of GST... TaxTMI Unexplained cash credit u/s 68 - onus to prove... TaxTMI Validity of Show Cause Notice and the consequential... TaxTMI Regular Approval u/s 80G(5) - Constitutional... TaxTMI Settlement applications u/s 245C (1) - “full and... TaxTMI Attachment order - SCN was not uploaded on the... TaxTMI Condonation of delay in filing returns - due to... TaxTMI Carry forward of excess payment of tax as ITC for... TaxTMI Refund of service tax on Ocean Freight - Precedents... TaxTMI Quantification of pre-deposit of 20% before filing... TaxTMI Validity of action taken by the GST officers in... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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Highlights

GST:

Condonation of delay in filing an appeal before the Appellate Authority - The High Court, while acknowledging the delay in appeal filing beyond the condonable period of limitation, emphasized the petitioner's substantive right to seek redress. Considering that the tax liability had already been recovered from the petitioner and a pre-deposit was made along with the appeal, the court directed the second respondent to consider and decide on the appeal without considering the limitation period. As a result, the writ petition was allowed, with no costs incurred.

GST:

Seeking reimbursement of GST amount paid by the petitioner - Interpretation of Contract Clause - After analyzing the documents and submissions, the High Court found that the petitioner's quoted rates were indeed exclusive of GST and that the respondent had already reimbursed GST for previous bills. The court rejected the respondent's interpretation of the contract clause, stating that there was no evidence to support that it included GST. Therefore, the court directed the respondent to reimburse the GST paid by the petitioner on all bills within a specified timeframe.

GST:

Validity of assessment order - SCN as also the assessment order have not been signed by the 2nd respondent either digitally or physically - The High court examined similar cases and legal provisions, concluding that unsigned orders are legally ineffective. Sections 160 and 169 of the CGST Act do not justify the absence of signatures. Previous judgments from other high courts supported the requirement of signatures for authentication. Consequently, the court set aside/quashed the challenged documents, affirming that the lack of signatures rendered them legally unsustainable.

Income Tax:

Characterization of receipt - amount received by the appellant upon retirement from the partnership - taxability as capital gains under the Income Tax or not? - The High Court agrees with the appellant's argument that the amount received by her upon retirement, being the balance of her capital account in the firm, does not qualify as a transfer for the purpose of capital gains taxation. It concurs with the principle that the adjustment of rights of partners in a dissolved firm, through the distribution of assets, does not amount to a transfer. - Regarding the receipt of the share value of goodwill, the High Court holds that in the absence of a clear transfer of goodwill to the firm by the appellant, such receipt cannot be taxed as capital gains.

Income Tax:

Reopening of assessment - reasons to believe - On the issue of disclosure and compliance with TDS provisions, the court found that the petitioner had indeed disclosed all material facts during the original assessment proceedings. The transactions in question were merely transfers of funds on instructions from the horse owners. - The court held that the objections raised by the petitioner against the reassessment were valid. The authorities had failed to consider the full scope of the disclosures made during the original assessments and erroneously pursued reassessment.

Income Tax:

Revision petition u/s 264 by assessee - Claiming to act as a collection agent for borewell digging payments, the petitioner argued that the income was exaggerated and included expenditures paid to rig owners. Despite the petitioner's assertions, the High Court found insufficient evidence to support their claims and emphasized the need for comprehensive documentation to challenge the assessment under revisional jurisdiction. However, acknowledging the petitioner's request for another opportunity to present evidence, the court granted the writ petition, nullified the previous order, and instructed the petitioner to appear before the Commissioner of Income Tax with all necessary documents for reconsideration.

Income Tax:

Exemption u/s 11 - Charitable activity u/s 2(15) - Commercial activity - Citing past decisions favorable to the trust under similar assessments, the Tribunal reiterated that activities generating income do not automatically disqualify an entity from being charitable if the primary purpose is charitable and the commercial activities are incidental. It was highlighted that the trust's income was indeed applied towards its stated charitable purposes, fulfilling the criteria for exemption under Section 11.

Income Tax:

Addition u/s 68 - the Tribunal noted the extensive documentary evidence provided by the assessee to establish the legitimacy of the loan transactions. However, the AO failed to conduct proper investigations and relied solely on the report from the investigation wing. As the assessee had fulfilled its initial burden of proof, the Tribunal directed the deletion of the addition.

Income Tax:

Royalty receipts - income deemed to accrue or arise in India - assessee had sold software licenses to its associated enterprises and to other Indian customers - The ITAT Bangalore ruled that the income received by the software company from software sales to IBM India and others did not constitute royalties under the applicable laws and treaties. This judgment aligns with SC's interpretation and emphasizes consistency in legal interpretations across different assessment years.

Income Tax:

Speculative loss or not - Determine the nature of losses on forward foreign exchange contracts and foreign exchange derivative contracts - the tribunal found the evidence provided by the appellant to be insufficient in establishing the nature of the losses. It highlighted discrepancies in the claimed amounts and noted a lack of clarity regarding the cancellation of contracts. Consequently, the tribunal set aside the CIT(A)'s decision and remanded the issue for further examination. It emphasized the importance of establishing a direct connection between the transactions and the appellant's business activities.

Income Tax:

Unexplained investment u/s 69 - The tribunal closely examined the additions made under Section 69 related to unexplained investments in stock. The assessees argued that rough jottings or documents seized during raids were not conclusive evidence of unaccounted investments. Furthermore, they contended that previous voluntary disclosures or surrendered amounts during surveys should offset these additions.

Income Tax:

Addition u/s 56(2)(vii)(b) - transfer under gift deed - family settlement- The Assessee contended that the transfer of land through a gift deed was part of a family settlement/arrangement between the parties involved. They argued that various documents, including a family settlement arrangement and MOUs, supported their position. The Revenue, however, maintained that the transfer was without consideration and fell within the ambit of deemed income under the Act. - The ITAT concluded that the transaction should be understood in the context of the broader arrangement and not in isolation. Therefore, the addition made by the AO was deemed unjustified, and the appeal of the Assessee was allowed.

Income Tax:

Royalty receipt - transfer of right to use a computer software - The Judgement by the Appellate Tribunal addressed the dispute regarding the classification of income and the applicable tax rate for the appellant. The Tribunal found in favor of the appellant, ruling that the income received should be considered royalty income under Sec. 9(1)(vi) of the Act and taxed at 10%.

Income Tax:

TDS u/s 194C - payments of purchase to various vendors - Non deduction of TDS - Upon analysis, the Appellate Tribunal agreed with the assessee, ruling that the transactions were indeed purchases of finished goods. It noted that the manufacturers independently sourced raw materials and produced goods according to the specifications provided. Furthermore, the Tribunal found that the assessee's control over production was limited, as evidenced by the return of rejected goods to the vendors. Tribunal dismissed the revenue's appeal.

Income Tax:

Exemption u/s 11 - rejection of assessee’s application for registration u/s 12A - The Appellate Tribunal found that the rejection of the application was unjustified as it was based on suspicion without credible material. It emphasized that at the registration stage, the focus should be on determining whether the objectives of the institution are charitable, rather than questioning the expenditure incurred. It was observed that while the Commissioner did not doubt the charitable nature of the institution's objectives, the rejection was primarily based on concerns about promoting pharmaceutical businesses. However, the Tribunal asserted that educating and raising awareness about diseases like endocrine disorders is inherently charitable.

Income Tax:

LTCG OR STCG - Capital gain on sale of equity shares - period of holding of shares - There exists a clause for condition precedent to the sale which has to be fulfilled by both the vendor and the purchaser - The Appellate Tribunal's decision focused on the interpretation of the "date of transfer" of shares. The Tribunal cited several precedents, including the decision of the Delhi High Court in Bharti Gupta Ramola vs. CIT and similar Tribunal decisions, which supported the assessee's contention that the transfer date should be recognized as the date when all substantive conditions of the share transfer agreement were fulfilled. The Tribunal concluded that the shares were held for more than 12 months and therefore qualified for LTCG treatment.

Income Tax:

Revision u/s 263 - Disallowance of STCG - FMV determination of shares - The Appellate Tribunal (AT) scrutinized the fair market value and share valuation process, concluding that the appellant failed to substantiate their claims adequately. They found discrepancies in the valuation and affirmed the PCIT's decision to reject the appellant's arguments. The AT affirmed the PCIT's characterization of the transactions as structured and not at arm's length. They concluded that the assessment order was prejudicial to the interest of the Revenue and upheld the PCIT's decision to set it aside.

Income Tax:

TDS u/s 194C - Non deduction of TDS on payment to the persons who were not the owner of the vehicle - The Tribunal interpreted the term "owns" in section 194C(6) to encompass possession rather than strict registered ownership. Referring to section 44AE, which defines "owner" for the purpose of presumptive taxation, the Tribunal concluded that ownership includes possession of the goods carriage, not just registered ownership. Citing judicial precedents and the intention of the legislature to provide benefits to taxpayers, the Tribunal determined that the appellant complied with section 194C(6) by obtaining declarations from those in possession of the goods carriages and making payments accordingly.

Customs:

Jurisdiction - power to adjudicate SCN - The High Court rejected the contention that the previous involvement of a Commissioner of Customs in the case's proceedings biased the adjudication process. It held that the competence and authority of the officer who issued the Show Cause Notice were not affected by the Commissioner's involvement. The Court noted the legal provisions empowering certain officers to authorize arrests and issue Show Cause Notices. It also acknowledged a notification specifying procedures for representation before the High Court but concluded that the involvement of a Commissioner of Customs did not affect the authority of the adjudicating officer.

Customs:

Classification of imported goods - Technical Grade Urea - Chemical Examiner’s report is correct or not - The High Court acknowledges the contention regarding the Foreign Trade Policy but refrains from intervening in the classification decision based on the laboratory findings. The High Court upholds the validity of the laboratory tests conducted by the authorities and underscores their importance in determining the classification of the imported goods. It dismisses the petitioner's challenge to the tests and affirms their role in decision-making.

Customs:

Seeking amendment of shipping bills - inadvertent error in the Shipping bills - seeking to credit ROSCTL benefit amounts to the petitioner’s Customs E-Scrip Ledger - The High Court noted that the petitioner's intention to claim benefits under the RoSCTL Scheme was evident from the Shipping bills and other related documents, despite the inadvertent error in declaration. Drawing from judgments of the Madras High Court, the High Court concluded that such errors, if inadvertent, should not deprive exporters of entitled benefits.

Customs:

Refund of Excess Customs Duty paid - principles of unjust enrichment - Following proceedings before the Settlement Commission, it was determined that the appellant had indeed overpaid, resulting in an excess amount of refund. The Tribunal upheld the appellant's right to claim the refund, considering the terms of the agreement with their overseas supplier, the treatment of the amount in their accounting records, and legal precedents supporting their case. - The Tribunal concluded that the appellant was entitled to the refund of the excess amount, as they had not passed on the duty burden and had treated it as receivable in their accounts.

Customs:

Levy of Anti-dumping duty - The Tribunal observes that reflective glass was not explicitly mentioned in Notification No. 4/2009-Cus, which exempted certain types of glass from anti-dumping duty. As a result, the Tribunal concludes that since reflective glass was not listed for exemption, it remains subject to anti-dumping duty during the specified period.

IBC:

Withdrawal/modification of approved Resolution Plan - Section 31(1) of IBC - The Supreme Court addressed cross-appeals concerning the approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016. It reiterated the legal position established in a previous judgment regarding the withdrawal or modification of a resolution plan post-approval by the Committee of Creditors. Additionally, the Court dismissed allegations of fraud and misinformation, emphasizing the adequacy of information provided to the resolution applicants. As a result, the Court set aside the impugned judgment and approved the resolution plan submitted by the successful resolution applicants.

IBC:

Admissibility of section 9 application - The Appellant argued that the application under the IBC should not have been admitted due to the pendency of a civil suit. However, the Supreme Court held that the existence of a pending civil suit does not preclude the admission of an application under the IBC if there is a genuine dispute regarding the debt. They cited the principle established in Mobilox Innovations Private Limited Vs. Kirusa Software Private Limited [2017 (9) TMI 1270 - SUPREME COURT], emphasizing that the adjudicating authority is only required to determine whether there is a plausible contention for further investigation. Ultimately, the Supreme Court dismissed the appeal, affirming the decision of the lower tribunals to admit the application under the IBC and initiate CIRP against the Corporate Debtor.

More Highlights

Articles

⇒ Optimizing Efficiency: The Crucial Role of Integrating Inventory Accounting with Financial Accounting for SMEs

⇒ REPAYMENT PLAN IN INSOLVENCY RESOLUTION PROCESS OF PERSONAL GUARANTORS TO CORPORATE DEBTOR

⇒ If an Assessee deposits all taxes, interest, etc. and complies with other formalities the Proper Officer can open the GST portal to enable the Assessee to file GST returns

⇒ Period for filing an appeal can be extended by the Appellate Authority

⇒ RoDTEP SCHEME EXTENDED - EXPORTS MADE BY ADVANCE AUTHORISATION HOLDERS, EXPORT ORIENTED UNITS AND SPECIAL ECONOMIC ZONES UNITS

⇒ INITIATION OF CRP BY OPERATIONAL CREDITOR’S AND SUSPENSION UNDER SECTION 10A OF IBC

⇒ GST leviable at 18 percent on solar-powered submersible pump

⇒ Modified ITR for Business Reorganization from June 2016 to March 2022 possible until June 30, 2024... taxpayer to communicate to JAO by 30th April 2024

⇒ Importance of Decision-Making information in SMEs: Harnessing the Power of Data-Driven Decision-Making

⇒ Characteristics and Qualities of Perfect Trademark

More Articles

Short Notes

IBC:

Maximizing Value in Insolvency: NCLAT Upholds CoC's Right to Negotiate Post-Challenge Mechanism

IBC:

Supreme Court Clarifies Limitation Period for Appeals before NCLAT under IBC in the Digital Age: E-filing and Limitation Periods

Income Tax:

Navigating the Bounds of Tax Law: Supreme Court's Verdict on Section 153-C Assessments

Income Tax:

The Delhi High Court's Guiding Light on Post-Search Tax Assessments: Application of Section 153C, powers of tax authorities and the rights of assessees.

Income Tax:

Navigating Legal and Procedural Hurdles: A Charitable Institution's Quest for Tax Exemption and Registration u/s 12A and 80G

Income Tax:

Supreme Court Clarifies Jurisdictional Objections in Tax Assessments: A Landmark Order

Income Tax:

Invalid Notices and the Importance of Proper Jurisdiction: Lessons from a High-Profile Tax Case

Income Tax:

Upholding Precedent: Supreme Court's Stance on Taxation of Cross-Border Software Payments (Royalty)

Income Tax:

The Cross-Border Software Purchase Conundrum: Supreme Court's Clarification on TDS for Non-Resident Software Transactions as Royalty

GST:

Ensuring Justice in GST Registration Cancellations: A Landmark High Court Ruling

IBC:

Limitation Period in Insolvency Appeals: A Step Towards Legal Clarity for determination of relevant date and Condonation of delay in filing an appeal.

Customs:

Navigating Trade Restrictions: India's Stance on North Korea Exports and Imports

IBC:

Deadline Adherence in Insolvency Claims: The Supreme Court on Enforcing Arbitration Awards Amidst Insolvency

IBC:

Resolution Plan Approvals: The Supreme Court's Clarification on NCLT and NCLAT's Jurisdiction in Insolvency Resolution.

Income Tax:

Navigating Tax Exemptions u/s 80P: The Supreme Court's Verdict on Cooperative Societies vs. Banks

Customs:

Supreme Court Verdict on Pre-Import Condition and IGST Exemptions: A Legal Analysis

Indian Laws:

Understanding Beneficial Ownership: A Landmark Admiralty Case in India

Customs:

Beneficial Ownership, Beyond Baggage in Customs Law: Seizure of foreign currency

SEZ:

Expanding Trade Horizons: The 2023 Amendment to SEZ Rules for Gem and Jewellery Units

GST:

The Significance of Signature: A Landmark Decision on GST Assessment Orders

Income Tax:

Principles of Natural Justice in Tax Litigation: Unraveling the Significance of Cross-Examination Rights in Tax Cases

Income Tax:

Deadline Extension for Processing E-Filed Tax Returns: Refund Claims on Income Tax Returns

DGFT:

Deadline Extended for Pharmaceutical Track and Trace System Implementation

Corporate Law:

MCA Announces Establishment of Central Processing Centre at IMT Manesar

Customs:

Export Obligation Compliance: Detailed SOPs for EPCG and Advance Authorization Holders

Notifications

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

CE

- Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude.

FTP

- Export of Onions (under HS Code 07031019) to Sri Lanka and UAE.

FTP

- Imposition of Port restrictions on supply of Prohibited/Restricted essential commodities to the Republic of Maldives during 2024-25.

CGST

- Seeks to amend Notification No. 83/2020 – Central Tax, dated the 10th November, 2020 - Extension of time limit for furnishing the details of outward supplies in FORM GSTR-1 for specified persons

CGST

- Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May, 2024

IT

- Central Government approves ‘Amul Research and Development Association, Anand, Gujarat' under the category of ‘Research Association’ for research in ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

CGST

- Waiver of the interest levied on late filling of GST return for the specified (four) registered person.

Cus

- Seeks to amend Notification No. 64/2023-Customs, dated the 7th December, 2023 in order to allow duty free imports of yellow peas with bill of lading issued on or before 30.06.2024

FTP

- Amendment in Import Policy Condition for Melon Seeds under ITC (HS) Code 1207 70 90 of Chapter-12 of ITC (HS), 2022, Schedule-I (Import Policy)

FTP

- Extension in import period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS), 2022, Schedule-I (Import Policy)

FTP

- Supply of essential commodities to the Republic of Maldives during 2024-25

IT

- Corrigendum to Notification no. 02 of 2024 dated 31.03.2024 - Clarification regarding the time limit for verification of Income Tax Returns (ITRs) after uploading.

Cus (NT)

- Rate of exchange of one unit of foreign currency equivalent to Indian rupees–Supersession Notification No. 24/2024-Customs(N.T.), dated 26th March, 2024

More Notifications

Circulars/ Public Notices

FEMA

- Hedging of Gold Price Risk in Overseas Markets

DGFT

- Clarification on discharge of export obligation of Advance Authorisation (AA) bearing Customs Notification No. 18/2015-Customs as amended and Customs Notification No. 21/2015-Customs as amended both dated 01.04.2015 by making physical exports or by making domestic supplies

Customs

- Inclusion of gender specific infrastructure facilities to be provided by the Custodian CCSP-CFS/AFS/ICD under the HCCAR, 2009-reg

DGFT

- Implementation of Melon Seeds Import Monitoring System (MS-IMS)

DGFT

- Modification of SION E-124 for export of refined Sunflower Oil (Edible Grade)

SEBI

- Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA

Customs

- Exemption for import of High End and High Value used Medical Equipment other than critical care medical equipment Hazardous and Other under Wastes (Management and Transboundary Movement) Second Amendment Rules, 2022 dated 23rd December, 2022.

DGFT

- Directives regarding submission of digitized ANFs, Appendices etc.

Customs

- Authorised Officers under Section 25 read with Section 47 (5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13 (1) of FSS (Import) Regulation, 2017

GST

- Guidelines for CGST field formations in maintaining ease of doing business while engaging in investigation with regular taxpayers

DGFT

- Amendment in Appendix 4B of Handbook of Procedures, 2023 - List of banks authorized to import gold/silver under Appendix 4B of Handbook of Procedures, 2023 has been updated.

DGFT

- Notification of the procedure for General Authorisation for Export of Information Security items(GAElS) under Category 8A5 Part 2 of SCOMET

DGFT

- Notification of procedure for General Authorisation for Export of Telecommunication items (GAET) under Category 8A5 Part I of SCOMET

Customs

- Standard Operating Procedure for stepping up of Preventive Vigilance Mechanism by the jurisdictional CBIC field formations and to prevent flow of suspicious cash, illicit liquor, drugs/narcotics, freebies and smuggled goods during elections.

SEBI

- Introduction of Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets

More Circulars

News

⇒ Auction for Sale (issue/ re-issue) of (i) ‘7.37% GS 2028’ and (ii) ‘New GS 2064’

⇒ Index Numbers of Wholesale Price in India for the Month of March, 2024 (Base Year: 2011-12)

⇒ Despite persistent global challenges, overall exports (merchandise + services) estimated to surpass last year’s highest record. It is estimated to reach USD 776.68 Billion in FY 2023-24 as compared to USD 776.40 Billion in FY 2022-23.

⇒ Extension of Due date of GSTR-1 for the period March 24

⇒ Extension of GSTR-1 due date to 12th April 2024

⇒ Sixteenth Finance Commission (XVIFC) invites applications for Young Professionals (YPs)/Consultants on contract basis

⇒ 7th round of the India-Peru Trade Agreement Negotiations concludes in New Delhi

⇒ ‘International Symposium on Health Governance in a Political Landscape: Interplay of Health Law, Society and Political Economy’ held

⇒ Advisory: Auto-populate the HSN-wise summary from e-Invoices into Table 12 of GSTR-1

⇒ Advisory on Reset and Re-filing of GSTR-3B of some taxpayers

⇒ Evolution of financial markets in India: Charting the Future (Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - April 8, 2024 - at the FIMMDA-PDAI Annual Conference, Barcelona)

⇒ Indo-Pacific Economic Framework for Prosperity (IPEF) to organise Clean Economy Investor Forum in Singapore

⇒ CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims

⇒ Auction for Sale (issue/ re-issue) of (i) ‘7.32% GS 2030’, (ii) ‘New GS 2039’ and (iii) ‘7.30% GS 2053’

⇒ IICA concludes VIII batch of ‘IICA Certified CSR Professional Programme” in Goa

Forum - Popular issues

Registration-another state (18)

Assessment order passed under section 74 of the cgst act in place of under section 62 of the cgst act non-filiers of gst returns (18)

Issue regarding discharge of gross tax liability while filing gst returns (15)

Goods sent for exhibition and get consumed during display (13)

Gst on hostel / pg (13)

Gst on drc (13)

Reversal of igst itc and payment through drc 03 (13)

Section 16 (2) (c) (13)

Penalty under section 122(1)(ii) of the gst act (12)

Query regarding section 16(4) of cgst act (11)

Adhoc demand of gst on indirect expenses in gst scrutiny (9)

Rcm liability on royalty charged / paid to mines owner (9)

Gst applicability on brand/ logo usage by group companies (8)

Punishment under section 132 (8)

Claim of input tax credit- gst returns filed belatedly by supplier (8)

Go to Forum

Forum - Recent Replied Issues

Transport of goods by road (1)

Gst liability on loyalty earned against purchase of fuel ... (5)

Composition dealer (5)

Section 73(11) (8)

Transfer or proprietary business (2)

Gst on free supply to employees (7)

Igst demand by state tax officers (3)

Gst on freight charges (2)

Eligibility of input tax credit (2)

E-way bill applicability in case of waste and scrap of furniture and comput ... ... (4)

Requirements of registration under central sales tax act 1956 and uttar pra ... ... (1)

Statement u/s 132(4) against third party (2)

Eligibility of itc (7)

Applicability of gst on commission (2)

When is credit taken? (5)

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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:

A: Characteristics and Qualities of Perfect Trademark

F: assessment order passed under section 74 of the CGSt Act in place of u...

N: Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 t...

N: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold ...

N: Export of Onions (under HS Code 07031019) to Sri Lanka and UAE.

N: Imposition of Port restrictions on supply of Prohibited/Restricted ess...

A: Optimizing Efficiency: The Crucial Role of Integrating Inventory Accou...

A: REPAYMENT PLAN IN INSOLVENCY RESOLUTION PROCESS OF PERSONAL GUARANTORS...

A: If an Assessee deposits all taxes, interest, etc. and complies with ot...

H: Condonation of delay in filing an appeal before the Appellate Authorit...

H: Seeking reimbursement of GST amount paid by the petitioner - Interpret...

H: Validity of assessment order - SCN as also the assessment order have n...

H: Characterization of receipt - amount received by the appellant upon re...

H: Reopening of assessment - reasons to believe - On the issue of disclos...

H: Revision petition u/s 264 by assessee - Claiming to act as a collectio...

H: Exemption u/s 11 - Charitable activity u/s 2(15) - Commercial activity...

H: Addition u/s 68 - the Tribunal noted the extensive documentary evidenc...

H: Royalty receipts - income deemed to accrue or arise in India - assesse...

H: Speculative loss or not - Determine the nature of losses on forward fo...

H: Unexplained investment u/s 69 - The tribunal closely examined the addi...

H: Addition u/s 56(2)(vii)(b) - transfer under gift deed - family settlem...

H: Royalty receipt - transfer of right to use a computer software - The J...

H: TDS u/s 194C - payments of purchase to various vendors - Non deduction...

H: Exemption u/s 11 - rejection of assessee’s application for registratio...

C: Hedging of Gold Price Risk in Overseas Markets

F: Transport of goods by road

A: Period for filing an appeal can be extended by the Appellate Authority

A: RoDTEP SCHEME EXTENDED - EXPORTS MADE BY ADVANCE AUTHORISATION HOLDERS...

A: INITIATION OF CRP BY OPERATIONAL CREDITOR’S AND SUSPENSION UNDER SECTI...

A: GST leviable at 18 percent on solar-powered submersible pump