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The Supreme Court has held that The State of Jharkhand & Ors Vs Brahmaputra Metallics Limited, Ranchi Forum-Supreme Court of India Civil Appeal No 3860-62 of 2020 Date-01/12/2020 Sub: Electricity duty which was promised to be charged at 50% of the normal rate for industries set up in terms of Industrial Policy, delay in issuing notification by more than 3 years-… Read More ...
The Bombay High Court has held that Parle International Limited Vs Union of India WritPetition No 12904 of 2019 Bombay High court Date-26/11/2020 Sub: Delayed adjudication of the show-cause notices after 13 years would not be just, proper and legal? The Bombay high court in the above case dealing with an order in original which was passed in the year 2019 in… Read More ...
The Supreme Court of India has held that Landmark Ruling of the Apex Court today on 27-11-2020 in the case of Madras Bar Association Vs Union of India & Another which will directly affect the functioning of the following Tribunals:- * Industrial Tribunal constituted by the Central Government * Income-Tax Appellate Tribunal * Customs, Excise and Service Tax Appellate Tribunal * Appellate Tribunal.… Read More ...
The Delhi High court has held that *Sanjiv Kumar Mittal Vs DC(Trc)CGST Commissionerate Delhi South & Ors* *Delhi High court* *Date of order 06-11-2020* *Subject- Validity of attachment of bank account of former director in relation to liability of service tax under Finance Act, 1994.* The Delhi High court in the above case was dealing with recovery of service tax liability under… Read More ...
The HIGH COURT OF JUDICATURE AT BOMBAY has held that 22. However, the moot point to be noted is that the period of limitation of three months commences from the date on which the order sought to be appealed against is communicated and not from the date of decision of the Committee of Commissioners. This aspect was examined by this Court in the recent decision… Read More ...
The Supreme Court has held that (i) Disallowance u/s 40(a)(ia), 40A(3) etc are intended to enforce due compliance of the requirement of other provisions of the Act and to ensure proper collection of tax as also transparency in dealings. The interest of a bonafide assessee who had made the deduction as required and had paid the same to the revenue is… Read More ...
The ITAT Jaipur has held that S. 68 r.w.s. 115BBE: It is evident from entries found in cash book and from statement recorded from assessee in course of survey that assessee purchased gold in period of demonetization which was obviously for sale to persons on receiving cash from them as the same is normal practice of gold trade. The gold purchased… Read More ...