Labour Bureau releases Consumer Price Index for Industrial Workers.
Central Consumer Protection Authority issues advisory to e-commerce entities against illegal sale & facilitation of Wireless Jammers.
CBIC notified exchange rates effective from 6-5-2022.
Notification No. 40/2022 – Customs (N.T.) dated 5-5-2022
Issue involved is of interpretation and thus, the bona fides of appellant to hold a different opinion cannot be suspected and thus extended period cannot be invoked.
M/s Rajendra Mittal Construction Company Pvt. Ltd. v. Commissioner, Central Excise and Service Tax, 2022-TIOL-373-CESTAT-DEL
Preferential Certificate of Origin for exports to UAE to be issued from CoO e-platform w.e.f. 1-5-2022.
Notification No. 01/2015-2020 dated 29-4-2022, Trade Notice No. 5/2022-23 dated 29-4-2022.
Customs Tariff (Determination of Origin of Goods under CEPA between India and UAE) Rules, 2022 notified.
Notification No. 39/2022 – Customs (N.T.) dated 29-4-2022.
India-UAE Comprehensive Economic Partnership Agreement (CEPA) enters into force w.e.f. 1-5-2022.
Press Release dated 1-5-2022
CBDT notifies revised forms for filing of an application to obtain ‘Advance Ruling’.
Notification No. 49/2022, dated 5-5-2022
Where amount receivable on account of Carbon Emission Reduction was a capital receipt but assessee has offered the same to tax in earlier years, the action of offering income to tax, would entitle the assessee to claim expenditure if ultimately receipts could not be realized by assessee.
Bharath Wind Farm Ltd. v. Deputy Commissioner of Income-tax – [2022] 137 taxmann.com 370 (Chennai Trib.)
Supreme Court upholds validity of section 148 notices issued after 31-03-2021 under old provisions. Exercise powers under Article 142 of the Constitution of India.
Union of India v. Ashish Agarwal – [2022] 138 taxmann.com 64 (SC)