Case Covered: Proex Fashion Private Limited Versus Government of India Facts of the Case: By way of the present petition, the petitioner seeks to challenge a communication dated 25.11.2020/01.12.2020 (Annexure-9 to the writ petition), by which the bank account of the petitioner in the respondent
India’s Response To S 301 Report of U.S. On Equalisation Levy The U.S. administration had announced the initiation of an investigation under section 301 of the U.S. Trade Act, 1974 against the taxation on digital services adopted or under consideration by countries, including the Equalisation
Case Covered: The All Gujrat Federation of Tax Consultants Versus Union of India Facts of the Case: By this writ application under Article 226 of the Constitution of India, the writ applicants have prayed for the following relief: “The petitioners, therefore, prays that this Hon’ble Court is pleased to issue a writ of mandamus or a writ in the nature of mandamus or a writ of certiorari or a writ in the nature of certiorari or any other appropriate writ, direction or order and be pleased to (a) direct the respondent No.2 henceforth not make any alternations in Forms and Utilities or changes in tax compliance requirements, after the beginning of the Assessment year in which the same are made applicable; providing the taxpayers and the tax practitioners a clear period of 183 and 214 days to prepare and
Handbook For Tax Consultants/Taxpayers-Nov. 2020: IT Deptt. Chapter 1 Overview of Centralized Processing Center 1.1. Central Board of Direct Taxes (CBDT) has approved a Scheme for processing of returns of income ‘Centralised Processing of Returns Scheme, 2011’, in the exercise of the powers conferred by sub-section
CBIC Introduces “Flagship Liberalised Authorised Economic Operator Package” For MSMEs Recognizing their critical contribution in supporting the economy especially during the present difficult times of the COVID-19 pandemic, the Central Board of Indirect Taxes & Customs (CBIC) has taken a new initiative to introduce its
Norms on eligibility, empanelment, and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21 and onwards: RBI Introduction: Policy finalized by RBI 2 major changes done as below rest point same 1.A. Norms for selection of branches of Public Sector Banks
Income Tax Search and Seizure: Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise Introduction: The Central Board of Direct Taxes vide Instruction no. 1916 dated 11-05-1994, clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found
Tax on Presumptive Profit of Business & Profession “An option has been given to a certain category of an assessee carrying on business or profession to pay income tax on presumptive income” I. Preamble: This is an old provision and bye and large all tax-payers
Resentment Towards FMO’s Approach on Direct-Indirect Taxes & Corporate Affairs: CAAS To, The Finance Minister, 134, North Block, New Delhi – 110011 Sub: Resentment towards Approach of FMO on Direct-Indirect Taxes & Corporate Affairs Respected Madam, Your good self may be already aware of Chartered
Case Covered: Pacific Projects Limited Versus Asstt CIT Facts of the Case: The present writ petition has been filed challenging the order dated 29th July 2019 passed by the ITAT dismissing the miscellaneous application filed by the petitioner/assessee under Section 254(2) for recall of the
