• Headlines
  • When there is No Clear Documentary Evidence to Prove Identity of Assessee, the Burden of Proof lies on him claiming the benefit: ITAT [Read Order]
  • May 17, 2022
April 30, 2022
 The Central Bureau of Investigation has arrested an Enforcement Inspector, EPFO, Kanpur (Uttar Pradesh) for demanding & accepting bribe of Rs. Three Lakh from the Complainant. A case was registered on complaint against the accused on the allegations of demanding undue advantage of Rs.Four Lakh for settling the pending PF dues of the employees of […]
April 30, 2022
Anti-Evasion Unit of Mumbai South CGST Commissionerate has arrested the co-conspirator in a case of M/s New Laxmilal & Co. involving fake ITC of Rs. 11.07 Cr on the strength of bogus invoices of Rs 62.90 Cr, without actual movement of goods. This case is a part of Anti-Evasion drive launched by CGST, Mumbai Zone […]
April 29, 2022
The Institute of Chartered Accountants of India ( ICAI ) has released the Admit cards for CA Exams May 2022 Intermediate and Final Examinations. The ICAI has said that, Admit cards in respect of candidates admitted to the Intermediate and Final examination with their photographs and signatures on them, are hosted on https://icaiexam.icai.org/ The ICAI […]


  • Pizza toppings - Bringing science into GST - Taxscan
  • Pizza toppings: Bringing science into GST!
  • April 4, 2022
  • One item on the Italian cuisine that everybody is fond of is of course PIZZA. This is also apparent from the fact that after the Haryana AAAR announced a GST ruling on classification of pizza toppings, ‘Pizza’ trended on Indian twitter. Thus, there remains no doubt on the popularity of pizza and the delight it […]
  • Representation Time in Company -Strike Off Notices -STK-1 - taxscan
  • Representation Time in Company’s Strike Off Notices (STK-1 & 5)
  • March 23, 2022
  • Introduction The action of striking off by the Registrar of Companies (ROC) has started again, and many of the corporates who have failed to file their annual returns have received the notice under Section 248 of the Companies Act, 2013 (hereinafter referred as “ 2013 Act”) in this regard. In the recent past, it was […]
  • Input Tax Credit Conundrum - GST - Taxscan
  • The Input Tax Credit Conundrum Under GST
  • February 14, 2022
  • Background The GST law, as introduced wastouted to be the tech-savvy tax legislation.The GST law initially envisaged the entire gamut of transactionsto be that – The supplier would file his GSTR 1 disclosing everyoutward supply transaction. The aforesaid outward supply transactions would auto-populate to the respective recipients andappear in their GSTR 2. The recipient would […]
  • Electronic ledgers - GST - Union Budget 2022-23 - Budget 2022 - Budgetscan 1- Taxscan
  • The Tale of Electronic Ledgers in GST – Union Budget 2022-23
  • February 3, 2022
  • The Union Budget for the Financial Year 2022-23 (‘the Budget’) was presented in the Lok Sabha by Hon’ble Finance Minister Nirmala Sitharaman on February 01, 2022. Considering the significance of Information technology in India after the outbreak of the Coronavirus pandemic, this was the second Union Budget that was presented on a tablet and not […]
Documentary Evidence - ProveIdentity of Assessee - Burden - Proof lies - claiming - benefit - ITAT - Taxscan
May 17, 2022

The Income Tax Appellate Tribunal (ITAT) Pune bench consisting of Partha Sarathi Chaudhury, Judicial Member and Dr. Dipak P. Ripote, Accountant Member held that when there is no clear documentary evidence to prove the identity of the assessee the burden of proof lies on him claiming the benefit of being the assessee. The assessee was […]

No bar - Registration of Society - receiving Fund - Foreign Entity - ITAT - Taxscan
May 17, 2022

The Income Tax Appellate Tribunal (ITAT) Hyderabad held that there is no bar for registration of a society even though it receives fund from foreign entity. The Bench consisted of K. Narsimha Chary, Judicial Member and Bhagirath Mal Biyani, Accountant Member. The judgment was passed ex parte taking into consideration the absence of representation from...

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Stability Studies - Technical Testing - Drugs - Pharma Unit - Service Tax - CESTAT - Taxscan
May 16, 2022
The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the stability studies and technical testing and analysis of new drugs are not classifiable under the taxable category of “Scientific and Technical Consultant Service” and “Technical Testing and Analysis Service” for the purpose of levy of service tax under the provisions of the Finance Act, 1994. The appellants M/s. Apotex Research Pvt. Ltd. have two 100% EOU units registered and have obtained service tax
Service Tax - Compensation - Coal Blocks - Supreme Court - CESTAT - taxscan
May 16, 2022

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the compensation received under a statute for cancellation of coal blocks/mines vide an order of the Supreme Court, cannot be considered as a taxable service of tolerating a situation and is thus not exigible to Service Tax. The Bench, consisting […]

Cenvat Credit - Steel Items - Sponge Iron Kiln - Power Plant - CESTAT - User Test - Taxscan
May 16, 2022

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata bench has applied the “user-test” by allowing cenvat credit allowable on steel items setting up of sponge iron kiln along with power plant. The assessee, M/s. Aryan Ispat and Power Pvt. Ltd. is engaged in the manufacture of iron and steel items on which applicable...

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Refund - Approval Committee - SEZ Act - CESTAT - Services - Taxscan
May 16, 2022

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that the refund is allowable in respect of the services not listed as specified services approved by the Approval Committee under the SEZ Act. The appellants, INTAS Pharmaceuticals Ltd are located in SEZ and received some services for authorised operations. In terms […]

Show Cause Notice - DGGI - CBIC - Proper Officcer - GST Act - taxscan
May 16, 2022

The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular in relation to the amendment of sections 73 and 74 of the Central GST Acts. Vide Notification No. 02/2022-Central Tax dated 11th March, 2022, para 3A has been inserted in the Notification No. 2/2017-Central Tax dated 19th June, 2017, to empower Additional...

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chennai-port-trust-taxscan
December 7, 2020

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 […]

No plan - impose Property Tax - Union Territory of J&K - LG Manoj Sinha - opposition - Taxscan
October 20, 2020

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 […]

UAE Tax Authority - UAE- Tax Registrants - Penalties re-determined - violating Tax Laws - Taxscan
January 25, 2022
The UAE Tax Authority has extended the grace period for UAE’s tax registrants to get their penalties re-determined for violating tax laws until December 2022. The earlier deadline for re-determination was December 31, 2021. The Federal Tax Authority (FTA) clarified that tax registrants who had not met the necessary conditions to benefit from the administrative […]
Banks - Cash Withdrawal from ATM - RBI - Taxscan
June 11, 2021
The Reserve Bank of India (RBI) has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free Automated Teller Machine (ATM) transaction limit from Rs 20 to Rs 21 per transaction, with effect from January 1, 2022. The Regulatory Bank had constituted a Committee in June 2019 under the Chairmanship […]
OECD - report - Inheritance Taxation - OECD Countries - Taxscan
May 18, 2021
The Organisation for Economic Co-operation and Development (OECD) has released the report on Inheritance Taxation in OECD Countries. The purpose of the report is to Compare and assess inheritance, estate and gift taxes across OECD countries and Explore the role that these taxes could play in raising revenue, addressing inequalities and improving the efficiency of […]



Artificial intelligence - Companies Act - MCA - Chatbox to assist - Statutory Filings - Taxscan
May 14, 2022
In a move to incorporate technology and artificial intelligence into the compliances under the Companies Act, the Ministry of Corporate Affairs (MCA) building a new version of its compliance platform for companies. The Enterprises Act is expected to become more interactive in the coming months. According to a person familiar with the project, the new […]
Salary incrementation - employment agreement - Board Resolution - IBC - NCLAT - Taxscan
May 14, 2022
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) has held that salary incrementation is valid only by an employment agreement or board resolution, no claims sustained under section 9 of the Insolvency and Bankruptcy Code (IBC) 2016 The appellant Omega Laser Products appealed under Section 61 of the Insolvency and Bankruptcy Code, […]
IBBI - Insolvency Professional - Demand of Undue Advantage - Taxscan
May 14, 2022
The Insolvency and Bankruptcy Board of India ( IBBI ) has suspended an Insolvency Professional for demand of undue advantage of Rs.20 lakhs. The Central Bureau of Investigation (CBI) had registered a First Information Report (FIR) under section 154 of Cr.P.C against Mr. Subrata Monindranath Maity an Insolvency Professional (IP) and who is a Professional […]
MCA - Companies - Prospectus and Allotment of Securities - Amendment Rules - taxscan
May 10, 2022
The Ministry of Corporate Affairs (MCA) has notified the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022. The notification provided that no offer or invitation of any securities under this rule shall be made to a body corporate incorporated in, or a national of, a country which shares a land border with India, unless […]
RBI Employees - Gratuity - Superannuation Fund - Amendment - Regulations - taxscan
May 10, 2022
The Reserve Bank of India (RBI) has notified the RBI Employees’ Gratuity and Superannuation Fund (Amendment) Regulations, 2021, which shall come into effect from March 31, 2021. As per the regulation, in Regulation 2, for clause (c), “Year”means the year ending on the 31st March. The regulation further amended clause 7 to include that “The […]
SLR - Cash - banks - RBI - SDF - Taxscan
May 8, 2022
The Reserve Bank of India (RBI) has issued a notification regarding the Maintenance of Statutory Liquidity Ratio (SLR) specifying Section 24 and Section 56 of the Banking Regulation Act, 1949. RBI has decided to institute the Standing Deposit Facility (SDF) with immediate effect and that the balances held by banks with the RBI under the […]
RBI - Exemptions - NBFCs - Taxscan
May 8, 2022
The Reserve Bank of India (RBI) has notified that the provisions of sections 45IA, 45IB, and 45IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to certain Non-banking financial companies. As per the notification, the following non-banking financial company would be exempted from the above-said provisions; (a) providing only […]
Moratorium - Corporate Debtor - Supreme Court - NI Act Proceedings - Company Director - taxscan
May 4, 2022
A three-judge bench of the Supreme Court comprising Justices UU Lalit, S. Ravindra Bhat, and PS Narasimha has reiterated that the moratorium provisions contained in Section 14 of the Insolvency and Bankruptcy Code, 2016 would apply only to the corporate debtor The natural persons mentioned in Section 141 of the Negotiable Instruments Act would continue […]
Chhattisgarh HC - Anticipatory Bail - Chartered Accountant - alleged involvement - Financial Irregularities - CA Coaching Institute - Taxscan
May 14, 2022

The Chhattisgarh High Court has granted anticipatory bail to a chartered accountant for the alleged involvement in financial irregularities in CA coaching institute The applicant, Mr. Ashish Shah is a Chartered Accountant and Company Secretary engaged in the profession of teaching students who aspire to become Chartered Accountant. The complainant, Managing Director of a Coaching […]

Vicarious liability - Negotiable instrument act - business - Supreme Court - Conviction - taxscan
May 13, 2022
The Supreme Court has quashed the Chhattisgarh High Court order as the vicarious liability under the Negotiable Instrument Act arises only to the person who was in charge of business while the offence was committed. The bench consisting of Mr Justice Ajay Rastogi and Mr Justice Sanjiv Khanna ruled in favour of the appellant-Dilip Hariramani, […]
Jurisdiction - High Court - Litigant - Kerala HC - PML Act - taxscan
May 10, 2022
The Kerala High Court while disposing of the writ petition held that when there is an alternative and equally efficacious remedy open to a litigant, he should request to pursue that remedy and not invoke the extraordinary jurisdiction of the High Court. A total of 32 cases were registered alleging violation of provisions, including not […]
Webinar - Denial of IGST Refund - Rebate to Advance Authorization Holder - Taxscan
June 11, 2021

Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]

Webinar - SEBI - Proposed changes - Promoters, - Promoter Group - Independent Directors - Taxscan Premium Users - Gaurav pingle - taxscan
May 20, 2021

Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]

Fox Mandal - International Tax Practice - Taxscan
September 9, 2020
Fox Mandal & Associates has appointed Mr. Sandip Mukherjee as Director, International Tax Practice. Sandip would operate from the Pune office and lead the international tax practice of the firm in Southern & Western India. His addition is a part of the firm’s strategic expansion of its Tax Advisory vertical. Sandip has spent about 27+ […]
November 9, 2017
The DMD Advocates has advised Infradigital Technologies Private Limited, a company promoted by Eros Labs Pte. Ltd. in selling its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions Private Limited. Innertech is a portfolio company of Times Internet Limited. The business division was transferred […]