Delay In Adjudication of SCN Under many corporate laws and also erstwhile Central Excise Act, Service Tax law, Customs Act, Foreign Trade( Development & Regulation )Act, there is no time limit prescribed under the law by which the Adjudication Order shall have to be passed.
Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) Notification New Delhi, the 12th June 2020 Income-Tax S.O.1879(E).- In exercise of powers conferred by clause (v) of the Explanation to Section 48 of the Income Tax Act, 1961 (43 of 1961), the Central
A. What it is about? In a major relief to media company New Delhi Television Ltd (NDTV), the Supreme Court on 03.04.2020 allowed its appeal to quash the notice issued by the Income Tax Department seeking to re-open it income assessment for the financial
What GST council recommended for the Waiver of GSTR 3b late fees GST council agreed for a waiver of GSTR 3b late fees. Today GST council recommended for relief from GSTR 3b late fees. It is a long issue. Many taxpayers were aggrieved from the huge
Case Covered: Principal Commissioner of Income Tax Versus Alag Securities Pvt. Ltd. Facts of the case: This appeal under Section 260-A of the Income Tax Act, 1961 (briefly ‘the Act’ hereinafter) has been preferred by the Revenue assailing the order dated 18.11.2016 passed by the
Whether Property Can be Provisionally Attached U/s 83 of CGST Act, 2017 by State Tax Officer Who Has Been Authorized To Conduct Raid at Premises of Assessee. VALERIUS INDUSTRIES VS UNION OF INDIA PETITIONER: VALERIUS INDUSTRIES RESPONDENT: UNION OF INDIA Facts of the case: The
Critical Issues of GST This presentation is on the Critical Issues of GST. It is drafted by Advocate PK Mittal. This presentation covers the various issues in GST and various judgements in this regard. Coverage: Definitions Issues Judgements Definitions Covered: Section 7 of CGST Act,
Quasi-Judicial Authorities Must Record Reasons While Passing Order 1: Siemens Engineering and Manufacturing Co. of India Ltd. v. The Union of India MANU/SC/0211/1976: AIR 1976 SC 1785, the SC held that it is far too well settled that an authority who is in making an
Basics of Returns under GST This presentation is on the Basics of Returns under GST. It is drafted by CA Venugopal Gella. This presentation covers the basic details regarding various returns and their legal provisions, such as: GSTR 1 is a Monthly/Quarterly Return that should be
Blocking of Electronic Credit Ledger Blocking of the Credit Ledger as the term clarifies that the Credit Ledger has been Blocked. In other words, the assessee being refrain to make the payment of the output tax from the credit of the input tax on goods
