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“Finance Ministry Dismisses Karnataka’s Claims of Tax Distribution Discrimination”
The Finance Ministry has issued a rebuttal to the Karnataka government’s allegations of discrimination in the distribution of central taxes, dismissing them as incorrect and misleading. This response comes shortly after the state’s Congress party staged a protest in the national capital. In a statement,
“New Export Policy for Chapter 01-39 under ITC (HS) 2023 Implemented by DGFT”
The Directorate General of Foreign Trade (DGFT) has recently issued Notification No. 60/2023 on February 13, 2024, announcing the implementation of the ‘Indian Trade Classification (Harmonised System) of Export Items, 2023’ for Chapter 01-39 of Schedule 2. This significant notification falls under the ambit of
AA can’t remind back the case to adjudicating authority- HC
Details of the case Pleading The present petition has been filed to assail the order dated 21.2.2023 passed by the Joint Director (CGST) (Appeals), Noida. “The operative portion of the order reads as below:- “10. In view of my above discussion & findings I, hereby
CA Shafaly GirdharwalFeb 13, 2024High Court Upholds Income Tax Search; Condemns Misconduct
Heading 1: Validity of Income Tax Search Upheld The Gujarat High Court has upheld the validity of search and seizure operations conducted by the Income Tax (I-T) department at the residence and office of lawyer Maulik Sheth. The search, carried out between November 3 and
NCLT Bengaluru Bench Emphasizes Finality in Resolution Plan Approval Process
NCLT Bengaluru Bench: Resolution Plan Approval Process Must Not Lead to Endless CIRP In a recent ruling, the National Company Law Tribunal (NCLT) Bengaluru Bench addressed the case of Parag Finlease Pvt. Ltd. vs. Mr. Ratnakar Shetty, the Resolution Professional (RP) of Unishire Lifestyle Dwellings
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Resolution Plan Approval by NCLT Renders Pending Service Tax Refund Appeal Abated, Rules CESTAT Chandigarh In a recent decision, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chandigarh ruled on the matter of Ballarpur Industries Ltd. vs. CCE & ST, Panchkula. The tribunal held
“Finance Ministry Foresees Post-Election GST Rate Changes”
A senior official from the Finance Ministry has indicated that any significant changes to the Goods and Services Tax (GST) rates are likely to occur only after the upcoming Lok Sabha elections. The official mentioned that while minor adjustments may happen based on the
Merely entry in Form 26AS does not make it taxable, Revenue will have to prove income
In a recent ruling by the Income Tax Appellate Tribunal, Nagpur Bench, the appeal of Mr. Sanjay Kisan Chopde against the Income Tax Department for the assessment year 2014-15 was meticulously examined and adjudicated upon. The tribunal’s detailed order addressed a crucial matter concerning the
“Valuation Report Disclosure Debate in Insolvency”
In a recent ruling by the National Company Law Appellate Tribunal (NCLAT) in the case of Kineta Global Ltd. v. IDBI Bank Ltd. & Ors., the issue of disclosing valuation reports to prospective resolution applicants has stirred debate within the legal and financial community. The
Haryana Government Appoints New VAT Tribunal Members
The Haryana government has taken a significant step in bolstering its administrative infrastructure with the appointment of new members to the Value Added Tax (VAT) Tribunal. In a recent notification dated February 6, 2024, issued under Notification No. 04/19290-ET-4-2023/600, the state government announced the appointment
Chandigarh Mayor Election Controversy: High Court Intervenes Amid Fraud Claims”
The recent election of Manoj Sonkar, a Bharatiya Janata Party (BJP) candidate, as the Mayor of Chandigarh has been marred by controversy, with allegations of fraud and irregularities prompting legal challenges and scrutiny from the judiciary. The Punjab and Haryana High Court has taken cognizance
“High Court Grants Mercedes-Benz Interim GST Relief”
In a recent development, the Bombay High Court has granted an interim stay on the demand for GST dues on expatriate salary payments by Mercedes-Benz, providing a temporary relief to the auto giant. This decision, handed down by a Division Bench comprising Justices G.S. Kulkarni