Foreign Exchange

Assessee entitled to rely upon Approval of Development Commissioner, claim Deduction for earning of Foreign Exchange: Madras High Court [Read Judgment]

September 14, 2021

Bombay High Court - SEIS - net foreign exchange - Taxscan

Bombay HC refuses to restrict benefit of SEIS with reference to the concept of Net Foreign Exchange [Read Order]

March 23, 2021

PayPal Delhi High Court - penalty - PayPal Payments Private Limited - Financial Intelligence Unit India - Taxscan

Delhi High Court stays Penalty of Rs 96 lakhs on PayPal imposed by the Financial Intelligence Unit India [Read Order]

January 28, 2021

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anti-dumping duty - Styrene Butadiene Rubber - Taxscan

SC quashes demand of Anti-Dumping Duty on Styrene Butadiene Rubber as Adjudicating Authority failed to examine classification based on Laboratory Report [Read Judgment]

September 24, 2021

The Supreme Court quashed the demand of anti-dumping duty on Styrene Butadiene Rubber as the adjudicating authority failed to examine classification based on laboratory reports. These appeals by the Commissioner of Customs, Pune arise from a judgment of the Customs, Excise & Service Tax Appellate Tribunal dated 27 September 2017. The question of law which […]

Rajasthan Govt - Commercial Tax Department - Taxscan

Rajasthan Govt. approves the proposal of restructuring of Commercial Tax Department [Read Press Release]

September 24, 2021

The Chief Minister of Rajasthan, Ashok Gehlot has approved the proposal of restructuring of the Commercial Tax Department. The decision was taken looking at the changed scenario after the implementation of Goods and Service Tax (GST) and for better and effective implementation of GST in the State. The number of zones, regular circles, and wards […]

CCI - Beer Companies - Cartelisation - Taxscan

CCI penalises Beer Companies for indulging into Cartelisation

September 24, 2021

The Competition Commission of India (‘CCI’) passed a final order against three beer companies, namely United Breweries Limited (‘UBL’), SABMiller India Limited (now renamed as Anheuser Busch InBev India Ltd. after being acquired by Anheuser Busch InBev SA/NV) (‘AB InBev’) and Carlsberg India Private Limited (‘CIPL’) for indulging in cartelization in the sale and supply of beer […]

Gross Direct Tax Collections for FY 2021-22 register a growth of 47%

September 24, 2021

The figures of Direct Tax collections for the Financial Year 2021-22, as on 22.09.2021 show that net collections are at Rs. 5,70,568 crore, compared to Rs. 3,27,174 crore in the corresponding period of the preceding Financial Year i.e FY 2020-21, representing an increase of 74.4%. The net collection (as on 22.09.2021) in FY 2021-22 has registered a growth of 27% over FY 2019-20 when […]

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SC quashes demand of Anti-Dumping Duty on Styrene Butadiene Rubber as Adjudicating Authority failed to examine classification based on Laboratory Report [Read Judgment]

September 24, 2021

Rajasthan Govt. approves the proposal of restructuring of Commercial Tax Department [Read Press Release]

September 24, 2021

Gross Direct Tax Collections for FY 2021-22 register a growth of 47%

September 24, 2021

Madras High Court - GST Authority - SCN - Input Service - Taxscan

Department can’t allege Input Services are not common once Commissioner (Appeals) concludes Input Services are ‘Common’: Madras High Court [Read Judgment]

September 24, 2021

The Madras High Court held that Department can’t allege input services are not common once Commissioner (Appeals) concludes input services are “common” The petitioner, M/s.Rocky Marketing Pvt. Ltd. had entered into a Business Solutions Agreement with Amazon Seller Services Private Ltd., (Amazon). The agreement enabled the petitioner to list its catalogue of products for sale […]

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