Tax Guru4h
Material imported under MOEF permission cannot be diverted to any other unit: CESTAT Allahabad
CESTAT Allahabad held that material imported based MOEF permission by a company cannot be diverted to any other unit for any ...
Tax Guru12h
Woman’s Hotel Stay with Man Not Consent for Sex: Bombay HC
Women Booking Hotel Room With A Men Does Not Imply Her Consent For Sex: Bombay HC ...
Tax Guru12h
GST Proceedings Valid Even if Order Not on uploaded Portal: Calcutta HC
Union of India, the Calcutta High Court ruled that GST proceedings are not invalidated simply because a Show Cause Notice ...
Tax Guru4h
Weighted deduction u/s. 35(2AB) allowed as amount from DSIR qualifies as soft loan: ITAT Vishakhapatnam
ITAT Vishakhapatnam allowed weighted deduction under section 35 (2AB) of the Income Tax Act since amount received from Department of Scientific & Industrial Research [DSIR] is soft loan and hence ...
Tax Guru4h
Deemed rent u/s. 23(1)(a) not invocable as property leased out for continuous long period
ITAT Vishakhapatnam held that invocation of deemed rent under section 23 (1) (a) of the Income Tax Act unjustified since property of the assessee is leased out for a continuous long period for the ...
Tax Guru4h
Non-admission of additional evidence by CIT(A) untenable: Matter remanded
ITAT Visakhapatnam held that CIT (A) didn’t admit the additional evidence produced by the assessee by simply holding that no request for admission of additional evidence under rule 46A was filed.
Tax Guru5h
Customs duty not sustained on material intended for use in factory being destroyed by fire: CESTAT Chennai
CESTAT Chennai held that no customs duty could be demanded on the material intended for use in the factory, however, were destroyed by fire accident. Accordingly, duty demand not sustained.
Tax Guru5h
Amendment to Customs Notification on Maharashtra Ports
In the said notification, in the Table, against serial number 9, relating to the State of Maharashtra, in column (3) the item (iv), and the corresponding entry thereto in column (4) shall be omitted. ...
Tax Guru23h
SEBI Proposes Procedure for Waiver or Reduction of Interest
Securities and Exchange Board of India (SEBI) has issued a consultation paper on the procedure for seeking a waiver or reduction of interest in recovery proceedings related to penalty non-payment.
Tax Guru23h
SEBI Circular on FPI to FDI Reclassification Procedure
ii. Pursuant to receipt of such intent from the FPI, the respective Custodian shall report the same to the Board and freeze purchase transactions by such FPI in equity instruments of such Indian ...
Tax Guru23h
Clarification on Regularization of National Small Savings Schemes Accounts
Government of India Ministry of Communications Department of Posts (Financial Services Division) Dak Bhawan, New Delhi – 110001 Subject: Clarification on SB order 05.’2024 on Guidelines of ...
Tax Guru23h
SEBI Introduces Trading with Blocked Amount for Investors
In its continuing endeavour to provide protection to the investors from the default of the Members [Trading Member (‘TM ‘)/ Clearing Member (‘CM’)], SEBI had vide para 25 of Chapter 1 of Master ...