VAT

Maharashtra Govt - pending VAT Proceedings - Taxscan

Maharashtra’s Govt. withdraws pending VAT Proceedings [Read Notification]

June 19, 2021

Karnataka Govt. extends Time Limit for Reassessment under VAT for the year 2016-17 [Read Order]

June 9, 2021

Bombay High Court declares Notice of VAT Audit invalid as issued beyond Limitation Period of four years [Read Judgment]

May 23, 2021

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ED - Delhi High Court - SCN - J.P Morgan - Taxscan

ED empowered to Dispose of Objections for want of detailed consideration: Delhi HC refuses to quash SCN against J.P Morgan

June 12, 2021

The Delhi High Court while refusing to quash the Show Cause notice (SCN) ruled that the Enforcement Directorate (ED) is empowered to Dispose of Objections for the want of detailed consideration. The petitioner, J.P.Morgan India Pvt. Ltd. challenged the Show Cause Notice and the consequent Order and the Communication of the ED, proceeding with the […]

Self-Assessment Tax Payment - Tax Arrear - Vivad se Vishwas Scheme - Bombay High Court - Taxscan

Delayed Self-Assessment Tax Payment can’t be Tax Arrear for Vivad se Vishwas Scheme: Bombay High Court [Read Judgment]

June 12, 2021

The Bombay High Court ruled that the Delayed self-assessment tax payment cannot be tax arrear for Vivad se Vishwas Scheme. The petitioner, Macrotech Developers Limited is a public limited company incorporated under the Companies Act, 1956 having its registered office at Mahalaxmi, Mumbai. It is engaged in the business of land development and construction of […]

ICAI - CA Members- Register - Digital Audit Tools Free of Cost - taxscan

ICAI directs CA Members to Register to get Digital Audit Tools Free of Cost

June 12, 2021

The Institute of Chartered Accountants of India (ICAI) has directed CA Members to Register by June 30, 2021, to get Digital Audit Tools Free of Cost. The Committee for Members in Practice (CMP) world stands at the brink of a technological revolution and the scale, scope, and complexity of the transformation will be unlike anything […]

Punjab & Haryana HC - anticipatory-bail - Money Laundering - Taxscan

Punjab & Haryana HC rejects Anticipatory Bail to persons accused of Money Laundering worth Rs.220 Cr [Read Order]

June 12, 2021

The Punjab and Haryana High Court rejected the anticipatory bail to a person accused of Money Laundering worth Rs.220 Crores. The petitioner, Jagadish Nangineni and Jagdish Chandra Sharma submitted that Sobha and Chintels entered into 59 agreements to sell through which they agreed to sell 59 NPNL plots to LLPs created by Sobha at the […]

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Provisional Attachment Orders - Judicial Review - Madhya Pradesh High Court - Taxscan

Provisional Attachment Orders tentative, subjected to Judicial Review: Madhya Pradesh High Court [Read Order]

June 22, 2021

The Madhya Pradesh High Court held that the Provisional Attachment Orders are tentative, and are subjected to Judicial Review. The appellant, Abhay Nigam purchased plots through various registered sale deeds and registered agreement to sell. The appellants invested their lifetime savings for purchase of plots after seeking permission of different statutory bodies such as Town […]

GST - Track assembly - Motor vehicle - AAR - Taxscan

28% GST applicable on ‘Track Assembly’, an accessory to Motor Vehicle: AAR [Read Order]

June 22, 2021

The Tamil Nadu Authority of Advance Ruling (AAR) ruled that 28% GST applicable on ‘Track assembly’, which is an accessory to Motor vehicles. The applicant, Daebu Automotive Seat India Private Limited is a manufacturer of Seat Components and Accessories, which is added to the manufacturing of Full Seat of four-wheelers. The parent company which is […]

Godrej - CESTAT - Customs duties - penalties - clinical diapers - sanitary napkins - Taxscan

Relief to Godrej: CESTAT deletes Central Excise duties, penalties arising from contract for retail packing of on ‘baby and clinical diapers’, ‘sanitary napkins’[Read Order]

June 22, 2021

In the major relief to the Godrej, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai Bench deleted the Central Excise duties, penalties arising from a contract for retail packing of on ‘baby and clinical diapers’ and ‘sanitary napkins’. The appellants namely Godrej Hygiene Products Ltd. and Y & Associates entered into the contract […]

Double TDS Collection - Income Tax Return - CBDT - Taxscan

Double TDS Collection on Non-Filers of Income Tax Return: CBDT enables new functionality for Compliance Check [Read Circular]

June 21, 2021

The Central Board of Direct Taxes ( CBDT ) issued the Circular regarding the use of functionality under Section 206AB and 206CCA of the Income Tax Act, 1961. The Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income Tax Act 1961 which takes effect from 1 day of July 2021. These […]

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