ICMAI announces 100% Fee Waiver for Female and 75% for Male Students in North East States and Jammu & Kashmir [Read Notification]
The Institute of Cost Accountants of India (ICMAI) has introduced a fee waiver initiative benefiting students in the North East States and Jammu & Kashmir. As per two official notifications released on September 1st and
Leasehold Interest in Land is Asset of Company and Capable of Valuation: J&K and Ladakh HC [Read Order]
The Jammu and Kashmir and Ladakh High Court ruled that leasehold interest in land is asset of company and capable of valuation. The Assessing Officer adopted the indexed cost of 7150 shares at Rs.2,33,23,300/-, instead
Income Tax Dept carries out more Searches in J&K
Income Tax Department carried out search actions at 5 premises located in and around Srinagar on 28th March 2019. Two groups, which connived with local officials in the facilitation of absorption of undisclosed income of undesirable
CBIC extends due dates of GSTR-1, GSTR-7 and GSTR-3B in Jammu and Kashmir [Read Notification]
The Central Board Indirect Taxes and Customs ( CBIC ) has extended due dates of the GST Returns, i.e., GSTR-1, GSTR-7 and GSTR-3B in Jammu and Kashmir. According to the Notification, “for registered persons whose
Plea challenging Additional 9% Token Tax on Motor Vehicles when life-time Tax already paid in different state: Jammu & Kashmir HC issues notice to Govt. [Read Order]
The Jammu and Kashmir High Court issued the notice to the Transportation Department on a plea challenging additional 9% token tax on Motor Vehicles when life-time tax was already paid in different states. The petitioner,
CBIC extends due date of GSTR-3B, GSTR-7 and GSTR-1 in Jammu and Kashmir [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has extended due date for filing GSTR-3B, GSTR-7 and GSTR-1 in Jammu and Kashmir. The Notification issued by the CBIC said that, “Provided that for registered
CBIC notifies Jurisdiction of Jammu Commissionerate over UT of J & K and Ladakh [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified Jurisdiction of Jammu Commissionerate over Union Territory of Jammu & Kashmir and Union Territory of Ladakh. By the Virtue of Jammu and
Refund of Educational Cess and Secondary & Higher Educational Cess: J&K HC dismisses Appeal by GST Dept filed with Delay of 1359 days [Read Order]
The Jammu and Kashmir and Ladakh High Court dismissed appeal filed by the GST Department with a delay of 1359 days in the matter of refund of educational cess and secondary & higher educational cess.
Relief to MRF: Tribunal not justified in disallowing 1% Discount from Taxable Turnover, says Jammu & Kashmir HC [Read Judgment]
The Jammu and Kashmir High Court while providing relief to the MRF Limited said that the Tribunal was not justified in disallowing 1% discount from the taxable turnover. The assessee, MRF Limited is a company
CBIC extends due dates of GSTR-1, GSTR-3B and GSTR-7 in Jammu & Kashmir [Read Notifications]
The Central Board of Indirect Tax and Customs (CBIC) has issued the notification extending the due dates of filing GSTR-1, GSTR-3B and GSTR-7 in Union Territory of Jammu and Kashmir. The Department of Revenue under
Writ Jurisdiction not to be invoked to bypass the hearing at Appellate Authority in matters of Money Laundering: J & K HC [Read Order]
A Division Bench of Jammu & Kashmir and Ladakh High Court has recently directed the Appellate Tribunal to hear the application of the appellants for staying the order of attachment of the Adjudicating Authority and
Delivery Note cannot be used as Delivery Challan under GST: Jammu & Kashmir HC [Read Order]
The Jammu and Kashmir High Court has held that the delivery note cannot be used as a delivery challan under Goods and Service Tax (GST). The State Tax Officer had detained the vehicle containing the
5% GST applicable on Irrigation and Flood control Department, Govt of Jammu & Kashmir: AAR [Read Order]
The West Bengal Authority of Advance Ruling (AAR) ruled that a 5% tax applicable to the Irrigation and Flood control Department, Govt of Jammu & Kashmir. The Irrigation and Flood control Department, Govt of Jammu
GST Registration cannot be Granted/Renewed in respect of a Premise Under Dispute: Jammu & Kashmir HC [Read Order]
The Jammu & Kashmir High Court has held that the GST registration cannot be granted or renewed considering the fact that the said premise is under dispute between the co-owners. In the year 1993, the
Treatment of Income by the Dept for Past Years cannot be the Sole Basis of Addition: Jammu & Kashmir HC [Read Judgment]
While remitting a matter back to the files of the Appellate Tribunal, the Jammu and Kashmir High Court held that the department cannot treat the income from share transaction as Assessee’s “Business Income” or “Capital