CBDT allows taxpayers an opportunity to file application for settlement
The Finance Act, 2021 has amended the provisions of the Income-tax Act, 1961 (“the Act”) to inter alia provide that the Income-tax […]
Press Release, Press Release
Press Release, Press Release
CBDT amends IT Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings
For easing the process of authentication of electronic records in faceless assessment proceedings, the Government has amended Income-tax Rules, 1962
Important Pronouncements
Anticipatory Bail denied for bailable offences as value of false ITC claimed being less than 5 crores
In Amit Haresh Kumar Mehta v. Senior Intelligence Officer, DGGI [Cr. M. A. No. 1486/2021 dated August 11, 2021], Amit
Important Pronouncements
Refund of Service Tax paid under RCM allowed post implementation of GST
In NSSL (P.) Ltd. v. Commissioner of Central Excise, CGST & CE, Nagpur [FINAL ORDER NOS. A/86639-86640/2021 dated August 03,
Important Pronouncements
Blockage of ITC only when there is valid ‘reasons to believe’ of fraudulent or ineligible credit
In M/S North End Food Marketing Pvt. Ltd. v. State of UP and 4 Others [WRIT TAX No. – 309
Important Pronouncements
Madras High Court annuls FIR against three Ex-Directors of IL & FS but refrains from providing ‘Clean Chit’
In Ravi Parthasarthy and Ors. v. State of Tamil Nadu [CRL. O.P. NOS. 3730, 4227, 4095 & 11206 OF 2021
Notification And Circular, Notification and Circular
Exception from Faceless Assessment Scheme where pendency could not be created on ITBA or cases without PAN
The CBDT issued Order vide F. No. 187/3/2020-ITA-I dated September 06, 2021 under Section 119 Income-tax Act 1961 (“the IT
Important Pronouncements
Advertisement charges paid to non-resident company cannot be considered as royalty
In M/s. Myntra Designs Pvt. Ltd. v. Deputy Commissioner of Income-tax [IT(IT)A Nos.598 to 600/Bang/2020 dated September 3, 2021], M/s.
Newsletter
Weekly GST Communique dated September 06, 2021
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field
Important Pronouncements
Order passed by the Commissioner cannot be set aside merely it was time barred
In the case of M/S Online Cargo v. Commissioner of Customs [CUSTOMS APPEAL NO. 51120 OF 2020], the Hon’ble Customs,