This post provides an update about the recent decision of the Karnataka Authority for Advance Ruling (‘AAR’) in the case of M/S KOU-CHAN TECHNOLOGIES PVT LTD (AAR No. KAR ADRG 22/2021) (“The Applicant”). The AAR was dealing with the transactions involved in a business model
Case Covered: ACIT Versus M/s GTM Builders & Promoters Pvt. Ltd. Facts of the Case: The present appeal has been filed by the revenue against the order of ld. CIT(A)-41 , New Delhi dated 25 .03.2015. Following grounds have been raised by the revenue: “1.
In an Application filed before AAR, Karnataka by M/S. Bharat Earth Movers Limited, (BEML) Facts: The applicant has participated in the Tender and was a successful bidder for the Supply of “150 numbers of Standard Gauge Intermediate Cars compatible with and suitable for integration with
Case Covered: Del Small Ice Cream Manufacturers Welfare’s Association (Reg.) Versus Union of India Facts of the Case: The petitioner, claiming to represent the interest of more than 50 small scale ice cream manufacturing units operating in the National Capital Territory of Delhi has filed
Introduction In this time of Pandemic, there is only one thing running without any break. That is compliances and litigation. No matter what is the situation outside, Businesses find it inevitable to do the compliances. This time has opened the floodgates of opportunities in the
Division II (Ind AS) Ministry of Corporate Affairs (MCA) has brought value-adding disclosures in Schedule III of the Companies Act, 2013 vide notification dated March 24, 2021. These will provide vital information to stakeholders which were otherwise not available to stakeholders. Amendments have been made
Case Covered: Ghanashyam Mishra And Sons Private Limited Versus Edelweiss Asset Reconstruction Company Limited Facts of the Case: The short but important questions, that arise for consideration in this batch of matters are as under: (i) As to whether any creditor including the Central Government,
GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Waybill portals. Background: Notification No. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. 78/2020
Case Covered: Back Office IT Solutions Private Limited Versus Union of India Facts of the Case: Mr. Puneet Agrawal, who appears on behalf of the petitioner company, says that, although several grievances and resultant reliefs have been sought, in the instant writ petition, for the
Case Covered: M/s Sanganer Enviro Project Development Versus State of Gujarat Oral Order: By way of a present petition under Articles 226, 227, and 14 of the Constitution of India, the petitioner has prayed for the following reliefs: “(A) That the Hon’ble Court be pleased to
