ITAT allows deduction of CSR expenses incurred by Toyota
In M/S. Toyota Boshoku Automotive India Pvt. Ltd. v. The Deputy Commissioner of Income Tax [ITA No.1704/Bang/2018 AY 2012-2013 dated […]
Important Pronouncements
Notification And Circular, Notification and Circular
Extended the date of e-filing of Non-Preferential CoO to October 31, 2021
The DGFT issued Trade Notice No. 19/2021-2022 dated October 01, 2021 for the extension of date for Mandatory electronic filing
Notification And Circular, Notification and Circular
Compensation Cess to be levied on Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice w.e.f October 01, 2021
The CBIC vide Notification No. 01/2021 Compensation Cess (Rate) dated September 30, 2021 has further amended Notification No. 01/2017- Compensation
Notification and Circular, Notification And Circular
CBIC provides IGST exemption on imports of goods from Antarctica and Border haats of Bangladesh
The CBIC vide Notification No. 47/2021-Customs dated September 30, 2021 has in addition to Customs duty, exempted from IGST, imports
Notification and Circular, Notification And Circular
CBIC clarifies that, Seeds, fruit and spores, of a kind used for “sowing” only shall be exempted
The CBIC vide Notification No. 09/2021 Central Tax (Rate) dated September 30, 2021 has further amended Notification No. 02/2017-Central Tax
Notification And Circular, Notification and Circular
CBIC issues advisory w.r.t. Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
The CBIC vide Circular No. 23/2021-Customs dated September 30, 2021 has issued Advisory w.r.t. Remission of Duties and Taxes on
Important Pronouncements
Capital gain exemption allowed on independent building with more than one residential unit within it
In Sri Ramaiah Harish v. Income Tax Officer, Bangalore [ITA No.789/Bang/2019 dated September 24, 2021], Sri Ramaiah Harish (“the Appellant”)
Important Pronouncements
The facts mentioned in the sale deed cannot be the ground for availing Capital gain exemption
In Shri Jayaseelan v. The Income Tax Officer, Ward 2, Tiruvannamalai, [I.T.A No.1455/Chny/2018 dated September 24, 2021], Shri Jayaseelan (“the
Important Pronouncements
Sponsorship fees for Lifetime Achievement Awards not treated as Business Expenditure
In NCC Limited, Hyderabad v. Asst. Commissioner of Income Tax, Circle-16(1), Hyderabad [ITA No. 595/Hyd/2020 and ITA No. 596/Hyd/2020 dated
Notification And Circular, Notification and Circular
CBIC reduces rate of GST on Fortified Rice Kernel (Premix) supply for ICDS or similar scheme for free distribution to economically weaker sections of the society
The CBIC vide Notification No. 11/2021 Central Tax (Rate) dated September 30, 2021 has amended Notification No. 39/2017-Central Tax (Rate)