Последние посты
Taxscan
22 сент., 12:32
No Service Tax Leviable on Commission Received for Services to Foreign Universities, Not Intermediary Services [Read Order]https://www.taxscan.in/top-stories/no-service-tax-leviable-on-commission-received-for-services-to-foreign-universities-not-intermediary-services-1451675www.taxscan.inNo Service Tax Leviable on Commission Received for Services to Foreign Universities, Not Intermediary ServicesAgent cannot be treated as an intermediary merely because of receipt of commission, as there was no tripartite agreement or involvement of more than one service.Taxscan
22 сент., 12:32
Assessment Notices Sent to Erstwhile Tax Consultant’s Email Without Communication to Taxpayer: ITAT Condones Delay of 2566 Days [Read Order]https://www.taxscan.in/top-stories/assessment-notices-sent-to-erstwhile-tax-consultants-email-without-communication-to-taxpayer-itat-condones-delay-of-2566-days-1451674www.taxscan.inAssessment Notices Sent to Erstwhile Tax Consultant’s Email Without Communication to Taxpayer: ITAT Condones Delay of 2566 DaysQuantum addition and penalty matters restored for fresh adjudication, noting non-communication of assessment notices by erstwhile tax consultant to assesseeTaxscan
22 сент., 12:08
Failure to Fulfil EPCG Export Obligation Attracts Customs Duty Demand and Interest u/s 28AA of Customs Act: CESTAT [Read Order]https://www.taxscan.in/top-stories/failure-to-fulfil-epcg-export-obligation-attracts-customs-duty-demand-and-interest-us-28aa-of-customs-act-cestat-read-order-1451672www.taxscan.inFailure to Fulfil EPCG Export Obligation Attracts Customs Duty Demand and Interest u/s 28AA of Customs Act: CESTATEPCG duty concession subject to export obligation, non-fulfilment attracts recovery of customs dutyTaxscan
22 сент., 12:08
IBBI Amendment Cannot Retrospectively Alter Ongoing Liquidation: NCLAT Sets Aside NCLT Order on Going Concern Sale [Read Order]https://www.taxscan.in/top-stories/ibbi-amendment-cannot-retrospectively-alter-ongoing-liquidation-nclat-sets-aside-nclt-order-on-going-concern-sale-read-order-1451669www.taxscan.inIBBI Amendment Cannot Retrospectively Alter Ongoing Liquidation: NCLAT Sets Aside NCLT Order on Going Concern SaleNCLAT protects pre-amendment liquidation sale, holding later IBBI rules cannot retrospectively alter commenced proceedings.Taxscan
22 сент., 10:53
GST ITC Blocked over Transactions with Alleged Fictitious Supplier: Karnataka HC Grants Opportunity to Prove Genuineness of Transactions [Read Order]https://www.taxscan.in/top-stories/gst-itc-blocked-over-transactions-with-alleged-fictitious-supplier-karnataka-hc-grants-opportunity-to-prove-genuineness-of-transactions-read-order-1451668www.taxscan.inGST ITC Blocked over Transactions with Alleged Fictitious Supplier: Karnataka HC Grants Opportunity to Prove Genuineness of Transactions…Taxpayer allowed to submit documents to establish the genuineness of transactions with the alleged fictitious supplier.Taxscan
22 сент., 10:53
Data retrieved from the CPUs, Computers or Pendrives not Admissible as per tests of S.36B(2) and S.36B(4) of the Central Excise Act: CESTAT [Read Order]https://www.taxscan.in/top-stories/data-retrieved-from-the-cpus-computers-or-pendrives-not-admissible-as-per-tests-of-s36b2-and-s36b4-of-the-central-excise-act-cestat-read-order-1451667www.taxscan.inData retrieved from the CPUs, Computers or Pendrives not Admissible as per tests of S.36B(2) and S.36B(4) of the Central Excise…Several cases were cited and it was held that the said data cannot be considered as admissible evidence for sustaining the charge of clandestine clearance of goods. TTaxscan
22 сент., 10:13
Lotte India's Processed Milk is Intermediate, Not Exempt Final Product for Purpose of Rule 6 of CCR: CESTAT [Read Order]https://www.taxscan.in/top-stories/lotte-indias-processed-milk-is-intermediate-not-exempt-final-product-for-purpose-of-rule-6-of-ccr-cestat-1451666www.taxscan.inLotte India's Processed Milk is Intermediate, Not Exempt Final Product for Purpose of Rule 6 of CCR: CESTATThe tribunal relied upon Central Excise v. Eastend Paper Industries (1989) and Rallis India Ltd. v. Union of India (2009).Taxscan
22 сент., 10:13
NCLT Orders Release of ₹41.6 Lakh Income Tax Refund; Upholds Adjustment Against Pre-CIRP Dues During Moratorium Impermissible [Read Order]https://www.taxscan.in/top-stories/nclt-orders-release-of-416-lakh-income-tax-refund-upholds-adjustment-against-pre-cirp-dues-during-moratorium-impermissible-1451665www.taxscan.inNCLT Orders Release of ₹41.6 Lakh Income Tax Refund; Upholds Adjustment Against Pre-CIRP Dues During Moratorium ImpermissibleNCLT bars adjustment as post-CIRP refund forms corporate debtor’s asset protected by statutory moratorium.Taxscan
22 сент., 09:27
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Taxscan
22 сент., 09:12
Section 6(2)(b) CGST Objection can be Raised in Statutory Appeal: Delhi HC Declines Writ after Order-In-Original [Read Order]https://www.taxscan.in/top-stories/section-62b-cgst-objection-can-be-raised-in-statutory-appeal-delhi-hc-declines-writ-after-order-in-original-read-order-1451664www.taxscan.inSection 6(2)(b) CGST Objection can be Raised in Statutory Appeal: Delhi HC Declines Writ after Order-In-OriginalThe court left the Central-State GST “same subject matter” dispute open after finding that an Order-in-Original had already been passed and a Section 107 appeal was available.Taxscan
22 сент., 09:12
NCLT Rejects Resolution Plan Over Retrospective PBG Reduction from ₹77 Lakh to ₹35 Lakh; Upholds Violation of CIRP Regulations [Read Order]https://www.taxscan.in/top-stories/nclt-rejects-resolution-plan-over-retrospective-pbg-reduction-from-77-lakh-to-35-lakh-upholds-violation-of-cirp-regulations-read-order-1451663www.taxscan.inNCLT Rejects Resolution Plan Over Retrospective PBG Reduction from ₹77 Lakh to ₹35 Lakh; Upholds Violation of CIRP RegulationsNCLT rejected the plan as retrospective PBG reduction violated CIRP regulations and compromised performance security requirements.Taxscan
22 сент., 07:34
Mandatory 7.5% Customs Pre-Deposit cannot be Bypassed through Writ Plea of Financial Hardship: Delhi HC [Read Order]https://www.taxscan.in/top-stories/mandatory-75-customs-pre-deposit-cannot-be-bypassed-through-writ-plea-of-financial-hardship-delhi-hc-read-order-1451662www.taxscan.inMandatory 7.5% Customs Pre-Deposit cannot be Bypassed through Writ Plea of Financial Hardship: Delhi HCThe customs appeal against a Rs. 3 crore penalty had been rejected because he failed to make the mandatory 7.5% pre-deposit under Section 129E.Taxscan
22 сент., 07:34
Supreme Court & High Courts Weekly Round-Uphttps://www.taxscan.in/top-stories/supreme-court-high-courts-weekly-round-up-1451661www.taxscan.inSupreme Court & High Courts Weekly Round-UpA Round-Up of the Supreme Court & High Court Cases That Were Reported at Taxscan Last WeekTaxscan
22 сент., 07:16
Denial of CENVAT Credit of Service Tax paid on Rent-a-Cab Service and Staff Welfare Expenses Upheld: CESTAT allows appeal partly [Read Order]https://www.taxscan.in/top-stories/denial-of-cenvat-credit-of-service-tax-paid-on-rent-a-cab-service-and-staff-welfare-expenses-upheld-cestat-allows-appeal-partly-read-order-1451660www.taxscan.inDenial of CENVAT Credit of Service Tax paid on Rent-a-Cab Service and Staff Welfare Expenses Upheld: CESTAT allows appeal partlyThe denial of CENVAT credit on services of Brokerage and Commission, Detention Charges, Insurance and Membership Fees was held to be unsustainableTaxscan
22 сент., 07:16
SEBI Penalises ₹7 Lakh for Client Funding, Reporting and Fund Segregation Violations [Read Order]https://www.taxscan.in/top-stories/sebi-penalises-lakh-for-client-funding-reporting-and-fund-segregation-violations-1451659www.taxscan.inSEBI Penalises ₹7 Lakh for Client Funding, Reporting and Fund Segregation ViolationsSEBI imposed ₹7 lakh penalty after finding client funding breaches, inaccurate reporting and improper segregation of funds.Taxscan
22 сент., 06:45
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Taxscan
22 сент., 06:18
TDS on Cash Withdrawals u/s 194NF Cannot Be Treated as Interest Income: ITAT [Read Order]https://www.taxscan.in/top-stories/tds-on-cash-withdrawals-us-194nf-cannot-be-treated-as-interest-income-itat-read-order-1451658www.taxscan.inTDS on Cash Withdrawals u/s 194NF Cannot Be Treated as Interest Income: ITATForm 26AS and bank statement confirmed TDS related to cash withdrawals, not interest incomeTaxscan
22 сент., 06:18
Income Tax Dept cannot treat S. 143(1) Intimation without Adjustment as Assessment Order to Invoke Revision u/s 263: Karnataka HC [Read Order]https://www.taxscan.in/top-stories/income-tax-dept-cannot-treat-s-1431-intimation-without-adjustment-as-assessment-order-to-invoke-revision-us-263-karnataka-hc-read-order-1451657www.taxscan.inIncome Tax Dept cannot treat S. 143(1) Intimation without Adjustment as Assessment Order to Invoke Revision u/s 263: Karnataka…The court stated that an intimation issued after processing a return without making any adjustment lacks the character of adjudicatory order required for exercise of revisionary power.Taxscan
22 сент., 06:01
Same Taxpayer, Financial Year and ITC Amount Insufficient to Establish ‘Same Subject Matter’ u/s 6(2)(b): Delhi HC [Read Order]https://www.taxscan.in/top-stories/same-taxpayer-financial-year-and-itc-amount-insufficient-to-establish-same-subject-matter-us-62b-delhi-hc-read-order-1451654www.taxscan.inSame Taxpayer, Financial Year and ITC Amount Insufficient to Establish ‘Same Subject Matter’ u/s 6(2)(b): Delhi HCProceedings relating to the same taxpayer, financial year and ITC amount do not automatically become proceedings on the “same subject matter” under Section 6(2)(b) of the CGST Act.Taxscan
22 сент., 06:01
Advocate’s Computer can be Examined in GST Investigation subject to Safeguards Protecting Unrelated Client Data: Delhi HC [Read Order]https://www.taxscan.in/top-stories/advocates-computer-can-be-examined-in-gst-investigation-subject-to-safeguards-protecting-unrelated-client-data-delhi-hc-read-order-1451655www.taxscan.inAdvocate’s Computer can be Examined in GST Investigation subject to Safeguards Protecting Unrelated Client Data: Delhi HCThe case concerned seizure of advocate’s CPU during a GST search and the protection to be given to privileged communications and confidential data belonging to clients unconnected with the...
