Tax Judgments of Supreme Court Annual Digest 2023 [Part 2]
Supreme Court Reviews Tamil Nadu Govt’s Appeal against Madras HC’s Decision to Strike Down of Online Gaming Ban Law: Next Hearing on September 22 On September 18, 2023, a crucial legal proceeding unfolded as the
Changes in GST Rates for Goods and IGST Rates on Imports of Goods
As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain Goods and IGST rates on Imports
GST e- Invoicing: All you Need to Know
e-Invoicing under Goods and Services Tax Laws E-Invoicing under Goods and Services Tax is a way of electronically authenticating business-to-business ( B2B ) invoices. If your business falls under certain categories, you're required to generate
High Courts Weekly Round-Up
This weekly round-up analytically summarises the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from September 26 to October 2, 2022. SUMAN JEET AGARWAL vs INCOME
Income Tax Search and Seizure: Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise
Introduction: The Central Board of Direct Taxes vide Instruction no. 1916 dated 11-05-1994, clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during the course of search
CESTAT Weekly Round-Up
CENVAT Credit Reverses before issuance of Notice, No Cause to Initiate Proceedings under Rule 14 of CCR: CESTAT Mehta Intertrade Steels P Ltd vs Commissioner of Central Excise Raigad CITATION:   2023 TAXSCAN (CESTAT) 1502The
CESTAT Weekly Round-up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan.in, from April 30th to May 6th  2023. Demand of Service Tax on Sub-Contractor for
Taxability of trusts for “Charitable purpose” or religious trusts
 The trust can either be created for charitable purpose or for religious purpose and for charitable and religious purpose. The public or private trust created with the charitable purpose is called “charitable trust”. The term
The IPL Conundrum: Know the Scores of Tax-Matches with Revenue outside the Ground
The Indian Premier League (IPL) has transformed the landscape of cricket in India and emerged as one of the world's most lucrative sporting events. Apart from its on-field excitement and star-studded teams, the IPL has
Future of Cryptocurrencies in India
Necessity is the mother of all inventions. After dealing with the archaic financial institutions that operate with lengthy procedures while also taking a cut in every transaction that happens through them, perhaps, it was felt
MCA 21 V3 Portal Glitches: ICSI President writes to MCA regarding Practical Difficulties in Corporate Compliance
The President of Institute of Company Secretaries of India ( ICSI ) wrote to the Secretary of the Ministry of Corporate Affairs ( MCA ) regarding the technical glitches in the functioning of MCA-21 V3
Case Digest on High Court Income Tax Judgments, 2016-17 – Part 3
Income from Development Right is not Taxable on Accrual basis: Delhi HC CIT vs M/S ETHAN ESTATES DEVELOPERS PVT. LTD. The Delhi High Court quashed the assessment order by the Commissioner of Income Tax, which
Sub-Licensing of Technology is a Transfer of Right to use attracts Service Tax, MVAT applicable to ‘Franchising Agreements’: Bombay HC [Read Judgment]
The division bench of the Bombay High Court comprising of Justice S C Dharmadhikari and Justice G.S Patel, in a path-breaking judgment, held that sub-licensing of technology is a ‘transfer of right to use’ which
Supreme Court and High Court Weekly Round Up
This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from January 06 to January 12, 2024, the last week of 2024.
CESTAT Weekely Round-up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan. in, from July 15 to July 21, 2023. CESTAT Allows Refund Claim of Approx.