The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench asked the Government to bring out Mechanism to ensure Tax Recovery from Asset Re construction Companies (ARCs)/Banks on sale of Security Assets. The assessee, Abbasbhai A. Upletawala was a director of M/s Abid Steels Co Ltd (ASCL) and the assessee had given his personal guarantee […]
The Banglore Bench of the Income Tax Appellate Tribunal ( ITAT ) has recently held that non-mentioning of Document Identification Number (DIN) as per the instruction of the Central Board of Direct Taxes (CBDT) in Circular 19/2019 dated 14.08.2019 invalidates the revision order and consequently set aside the impugned order. The appellant-assessee, H K Suresh...
In a recent case, the department in its order failed to mention the duty to oil contained in the Bunker Tank,the Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT)set aside non-speaking order of the Commissioner. M/s. Navyug Ship Breaking Co., the Appellant imported Vessel for breaking up. CTH 8908 00 00 […]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the rejection of refund of the amount paid through DEPB scrip is not valid in absence of evidence. Shri Anjali Hirawat Advocate appeared for the Appellant and Shri Ram Kumar Authorised Representative appeared for the Respondent. Virgo Suitings Pvt...
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), confirmed confiscation of Low Sulphur Waxy Residue being hazardous waste. The appellant, M/s Ayyan Energy Resources (P) Ltd imported good described as “Low Sulphur Waxy Residue (fuel oil)” in three containers from Bahrain which, on examination and testing was found to […]
The Telangana High Court has confirmed the acquittal of the Excise Officer as the demand of bribe was not proved beyond reasonable doubt. In the instant case an appeal was filed under section 378 (3) & (1) of the Code of Criminal Procedure (Cr.P.C) 1973 against the order passed by the First Additional Special Judge […]
A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]
The Disciplinary Committee (DC) of Institute of Chartered Accountants of India (ICAI) recently imposed a penalty of Rs. Five Lakhs along with 3 months of probation period on Chartered Accountant Rajender Kumar for alleged conduct of tax audit Section 44AB of the Income Tax Act, 1961 beyond the limit prescribed by the Institute, amounting to […]
Faculty – CA Sunil P Jain 📆 Nov 20, Sunday🕔5.00 PM – 7.00 PM What will be covered in the course ✅GST Rates on the Sector✅Place of Supply and ITC-Related Provision to the Sector (if any)✅Exemptions to the said Sector✅Important Judgement if any✅Open-ended Issue in the sector✅Q&A Session Course Fees 1000/-(Including GST)800/- (Including GST) For […]
15 SECTORS IN 18 WEEKS Faculty – Eminent speakers from the specific sector 📆5 Nov – 25 Dec⏰5.00 PM – 7.00 PM(Saturday & Sunday) Weekend BatchDuration – 30 Hours Course Fee 👉 Full Course ₹ 10000/– ₹ 8000/-(Including GST) 👉 Individual Sector ₹ 1000/- ₹ 800/-(Including GST) What Will Be Covered in the Course? ✅GST […]
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