lipped from: https://www.financialexpress.com/opinion/predictable-but-stable/3029227/ Foreign trade policy has done just what the doctor ordered by shunning fiscal incentives, The preconditions for infrastructure investments are market-determined utility tariffs,
Day: April 2, 2023
Govt keen to make IBC more robust, says FM Nirmala Sitharaman | The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-keen-to-make-ibc-more-robust-says-fm-nirmala-sitharaman/3029992/ Finance minister Nirmala Sitharaman on Saturday said the Centre has no hesitation in amending the Insolvency and Bankruptcy Code (IBC) to make it
2023 will be an exciting year for investors: Amit Shah | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-2023-will-be-an-exciting-year-for-investors-amit-shah-3029821/?ref=Must_Read Markets don’t react when the actual action happens, but the reaction is seen well in advance based on anticipating the cut. Investors must
👍Personal details of 67 crore people allegedly sold; Cyberabad police arrest man from Haryana for data theft – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/personal-details-of-67-crore-people-allegedly-sold-cyberabad-police-arrest-man-from-haryana-for-data-theft/article66688680.ece?cx_testId=22&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EX8OXMB4HBZD#cxrecs_s Uttar Pradesh tops the list with the exposure of data of 21.39 crore people, followed by Maharashtra with the data of 4.50 crore
NCLAT order in Android matter will resonate globally on abuse of dominance theme: Additional Solicitor General – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/nclat-order-in-android-matter-will-resonate-globally-on-abuse-of-dominance-theme-additional-solicitor-general/article66691059.ece Ruling on Google’s appeal against the CCI’s order in Oct 2022, the NCLAT upheld the ₹1,338 cr penalty on the Internet major for
Disallowance of expenditure on mere presumption & assumption is unsustainable
Clipped from: https://taxguru.in/income-tax/disallowance-expenditure-mere-presumption-assumption-unsustainable.html DCIT Vs Curosis Healthcare Private Limited (ITAT Jaipur) ITAT Jaipur held that revenue has simply disallowed the expenditure in view of CBDT Circular
Section 143(2) notice is to be issued by AO who completes assessment before due date
Clipped from: https://taxguru.in/income-tax/section-1432-notice-issued-ao-completes-assessment-due-date.html Divya Raghavan Vijayan Vs ACIT (ITAT Mumbai) even though in the order sheet it is written by the ACIT Circle-3 Kalyan that he
👍👍👍SCN cannot be issued on the basis of mere Suspicion
Clipped from: https://taxguru.in/custom-duty/scn-issued-basis-suspicion.html Shree Rishabhdev Marble and Minerals Private Limited Vs Commissioner of Customs (Preventive) (CESTAT Delhi) CESTAT find that the present proceedings before this Court
👍👍👍Appeal cannot be dismissed for delay in filing appeal against an Order not served
Clipped from: https://taxguru.in/custom-duty/appeal-dismissed-delay-filing-order-served.html Anish India Export Vs Commissioner of Customs – Mumbai (Air Cargo Export) (CESTAT Mumbai) CESTAT find that the learned Commissioner (Appeals) has reproduced
👍👍👍👍👍👍👍One Person Company (OPC) in India
Clipped from: https://taxguru.in/company-law/person-company-opc-india.html Before the enforcement of the Companies Act 2013 a single person could not establish a company. But the Companies Act 2013, introduced a
GST payable on supply of Doctors to Hospital: AAR Haryana
Clipped from: https://taxguru.in/goods-and-service-tax/gst-payable-supply-doctors-hospital-aar-haryana.html In re ARPK Healthcare Private Limited (GST AAR Haryana) 1. A patient comes to the M/s Asian Hospital for treatment of some gastroenterological disease.
Placing reliance on statements unjustified as no opportunity for cross-examination granted
Clipped from: https://taxguru.in/excise-duty/placing-reliance-statements-unjustified-opportunity-cross-examination-granted.html Messrs Growmore Ceramics Pvt. Ltd. Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT Ahmedabad held that placing reliance on the statements unjustified as no
👍👍👍👍👍👍👍Taxation of Income from Sale of Shares
Clipped from: https://taxguru.in/income-tax/taxation-income-sale-shares.html Income earned by the sale of shares and mutual funds is covered under the heading ‘Income from Capital Gain’. The capital gain can
Mere change of opinion not valid for reopening of assessment u/s 148
Clipped from: https://taxguru.in/income-tax/mere-change-opinion-valid-re-opening-assessment-u-s-148-income-tax-act.html CGS-CIMB Securities (India) P. Ltd. Vs CIT (Appeals), NFAC Mumbai (ITAT Mumbai) ITAT Mumbai held that re-opening of assessment under section 148 of
Condonation of delay for condoning huge delay not granted for non-satisfying reasons
Clipped from: https://taxguru.in/income-tax/condonation-delay-condoning-huge-delay-granted-non-satisfying-reasons.html Matrix Sea Foods India Ltd Vs ACIT (ITAT Hyderabad) ITAT Hyderabad held that reasons given in the condonation application for the delay are
👍👍👍👍👍👍👍 Foreign Trade Policy 2023 announced
Clipped from: https://taxguru.in/dgft/foreign-trade-policy-2023-announced.html Foreign Trade Policy 2023 announced FTP 2023 is a dynamic and open ended Policy that will accommodate the emerging needs: Sh. Piyush Goyal PM
4 days to appear in Income Tax Office is inconsistent with mandatory Time prescribed u/s 148A(b): Punjab & Haryana HC sets aside Order
Clipped from: https://www.taxscan.in/4-days-to-appear-in-income-tax-office-is-inconsistent-with-mandatory-time-prescribed-u-s-148ab-punjab-haryana-hc-sets-aside-order/266506/ The Punjab and Haryana High Court (HC) in its recent case set aside the order since the 4 days to appear in Income
TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT
Clipped from: https://www.taxscan.in/tds-credit-in-respect-of-interest-received-from-deceased-wifes-deposit-cannot-be-denied-to-assessee-itat/266241/ By Aparna. M – On April 1, 2023 12:00 pm – 2 mins read The Cochin Income Tax Appellate Tribunal ( ITAT ) has recently held that the Tax
Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes proceedings
Clipped from: https://www.taxscan.in/reopening-of-income-tax-assessment-and-recalculation-of-capital-gains-without-fresh-notice-u-s-148-invalid-itat-quashes-proceedings/266255/ The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that reopening of the Income Tax Assessment of the assessee and recalculation of Capital
CBIC notifies Deemed Withdrawal of Assessment on furnishing Non-filed GST Returns GSTR-10 and GSTR-3B
Clipped from: https://www.taxscan.in/cbic-notifies-deemed-withdrawal-of-assessment-on-furnishing-non-filed-gst-returns-gstr-10-and-gstr-3b/266455/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBIC%20notifies%20Deemed%20Withdrawal%20of%20Assessment The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification on 31st March 2023, stating that the assessment proceedings initiated by the
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