MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 26th March 2021 INCOME-TAX G.S.R. 212(E).—In exercise of the powers conferred by clauses (i), (ii), (iii), and (iv) of the first proviso to clause (23C) of section 10, ninth proviso
Case Covered: Synfonia Tradelinks Pvt Ltd Versus Income Tax Officer Facts of the Case: The assessee before us is a private limited company going by the name Synfonia Tradelinks Pvt. Ltd. The assessee was incorporated on 28.05.1993 under the Companies Act, 1956 albeit under the
Case Covered: M/s Aestrik Techno-Signs Versus The Commissioner of Customs Facts of the Case: The facts of the case, in brief, are that the appellant M/s Aestrik Techno Signs imported goods through FedEx Airway Bill No. 808815275160 declaring them as “small printer part, big printer
Case Covered: M/s.S.T. Enterprises Versus Commissioner of Customs Facts of the Case: Brief facts of the case are that M/s.ST Enterprises and M/s. Ayush Business Overseas (appellants herein) imported betel nuts and filed two warehousing Bills of Entry both dated 18.11.2020 for warehousing the same.
TATA CONSULTANCY SERVICES LIMITED VS. CYRUS INVESTMENTS PVT LTD AND ORS CIVIL APPEAL NO.440 441 OF 2020 The following are some of the important highlights of the judgment rendered by the Hon‘ble Supreme Court on 26.3.2021. (A): The events (i) occurring more than 10 years
Case Covered: Tata Consultancy Services Limited Versus Cyrus Investments Pvt. Ltd. Facts of the Case: Tata Sons (Private) Limited has come up with two appeals in Civil Appeal Nos.13-14 of 2020, challenging a final order dated 18-12-2019 passed by the National Company Law Appellate Tribunal
Chapter I: Indirect Taxes Administration This chapter gives an overview of the indirect taxes administration, revenue trends in indirect tax collection, and compliance verification mechanism under Goods and Services Tax. 1.1 Nature of Indirect Taxes This Audit Report covers transactions involving levy and collection of
Case Covered: Kerala Communicators Cable Limited Versus The Additional Director General Facts of the Case: By this petition, the petitioner is challenging the orders of attachment of its bank accounts under Section 83 of the CGST Act. By way of interim relief, the petitioner is
Case Covered: Ranchi Carrying Corporation Versus The State Of U.P. Facts of the Case: The present petition has been filed for the following reliefs:- “I. Issue a suitable writ, order or direction in the nature of certiorari quashing the impugned order dated 05.08.2020 passed by
Circular No. 05/2021 Order under section 119 of the Income Tax Act, 1961 Section 44AB of the Income Tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along with
