CBIC issues instruction for granting exemption from customs duty on parts of specified medical oxygen related equipments.
Instruction No. 4/2022, dated 27-4-2022.
Mandatory e-filing of Non-Preferential Certificate of Origin extended till 1st August 2022.
Trade Notice No. 04/2022-23
Kerala GST Dept. issues use manual for Kerala Flood Cess Annual Return.
File no. CT/10077/2019-GSTINFO1
VAT – Banks have first claim over subject property under provisions of SARFAESI Act & in such circumstances, States cannot claim preference over property for recovering VAT dues: HC
Khushboo Chandrakant Doshi vs. ACCT, [2022-TIOL-566-HC-AHM-VAT]
CBDT notifies Countries in which ‘Original Fund’ should be resident to claim Sec 47(viiac) / (viiad) exemption.
Notification no. 46/2022, dated 27-4-2022
SLP dismissed against impugned order of HC holding that where assessee did not disclose about sale of land and windmill in return of income and it was only when AO, on basis of information received from Registration Department, issued notice u/s 143(2), the assessee for the first time stated that due to inadvertence, it did not disclose particulars relating to Capital Gains, it was a clear case of levying penalty u/s 271(1)(c).
Gangotri Textiles Ltd. v. Deputy Commissioner of Income-tax – [2022] 137 taxmann.com 198 (SC)
Notice u/s 148, if issued on or after 1-4-2021, even for past years, should comply with new provisions / time limits & the procedure u/s 148A.
Mohammed Mustafa v. Income Tax Officer Ward 6(3)(1) – [2022] 137 taxmann.com 396 (Karnataka)
For time-barring of digitally issued reassessment notice, date on which they were issued by email sent is important and not the date of receipt by assessee.
Malavika Enterprises v. Central Board of Direct Taxes – [2022] 137 taxmann.com 398 (Mad)