Tax Guru17ਘੰ
CBIC & DGFT: Why JNCH Customs indulge in manipulative interpretation- Part 3
Why does JNCH Customs indulge in manipulative interpretation for ulterior motives—Part 3. There’s an old adage that says you can lead a horse to water, but you ca ...
Tax Guru18ਘੰ
Reimbursements Excluded from Taxable Service Value: CESTAT Hyderabad
Central Industrial Security Force Vs Commissioner of Central Tax Visakhapatnam (CESTAT Hyderabad) The recent ruling by CESTAT Hyderabad in the case of Central Industrial Security ...
Tax Guru16ਘੰ
ICAI Launches Self-Paced Module Test Portal: Register Now!
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] ...
Tax Guru18ਘੰ
20% Pre-Deposit Rule Not Mandatory for Stay of Demand: Delhi HC
Blanket application of 20% pre-deposit rule is not mandated for stay of demand: Delhi HC ...
Tax Guru1ਦਿਨ
Assessments cannot be reopened merely on the basis of a change of opinion without valid grounds
The case of Upesi Ventures Ltd. vs. ACIT before the Bombay High Court revolves around the challenge to a notice issued under Section 148 of the Income Tax Act, 1961, proposing to reopen the assessment ...
Tax Guru17ਘੰ
ITAT Rejects Assessee’s Limited Scrutiny Claim, Citing Lack of Specific Notice
Both the revenue and the assessee appealed to the ITAT. The revenue contended that the CIT (Appeals) decision lacked cogent material and upheld the AO’s order, while the assessee argued against the ...
Tax Guru18ਘੰ
Lower-Ranked Officers Can Issue SCN Despite Commissioner’s Affidavit: Delhi HC
In the case of Yamal Manojbhai Jagada vs. Chief Commissioner of Customs & Ors, the Delhi High Court addressed the petitioner’s request for the adjudication of a Show Cause Notice (SCN) issued under ...
Tax Guru1ਦਿਨ
No service tax on Ocean freight margin recovered from customers: CESTAT Ahmedabad
This case before the CESTAT Ahmedabad centered on the issue of whether service tax was applicable on the margin earned by a firm from ocean freight charges recovered from customers. Here’s a breakdown ...
Tax Guru16ਘੰ
FSSAI Alert: Ban on Calcium Carbide in Fruit Ripening
Regulatory Framework: The use of calcium carbide for fruit ripening is explicitly banned under Regulation 2.3.5 of the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, ...
Tax Guru1ਦਿਨ
HC directs CESTAT to decide appeals on merits, including question of jurisdiction
In the case of Commissioner of Customs vs. Balaji Exports, the Delhi High Court issued a judgment directing the Customs Excise and Service Tax Appellate Tribunal (CESTAT) to decide appeals on their ...
Tax Guru2ਦਿਨ
Extended period of limitation cannot be invoked solely on audit queries & objections
Moreover, the Tribunal emphasized that the Department could not solely rely on audit queries and objections to invoke the ...
Tax Guru1ਦਿਨ
Deficiencies in audit work: ICAI imposes Penalty on CA
In conclusion, the Disciplinary Committee found CA. Keshav Vishwanath Chaubey guilty of professional misconduct for various deficiencies in his audit work. Despite the respondent’s personal ...