High Court validates issue of section 148 notice as income in Form 26AS in higher than income disclosed in P&L account.
Distributors India C and F v. UOI – [2022] 140 taxmann.com 338 (Allahabad).
CBDT notifies procedures for allotment of PAN to an LLP incorporated by filing of Form Fillip.
Notification No. 04/2020, dated 26-07-2022.
Change of method of accounting form mercantile to cash can’t be a reason to disallow claim of bad debts.
L.K.P. Merchant Financing Ltd. v. DCIT – [2022] 140 taxmann.com 548 (Bombay).
CUS – In Sec. 149, no time limit has been prescribed for amendment of shipping bills, therefore, time limit of three months laid down in Circular 36/2020 – Cus. is illegal and without jurisdiction.
Pinnacle Life Science Pvt. Ltd. v. UOI, 2022-TIOL-1010-HC-MUM-CUS.
SC directs GSTN to open portal for filing TRAN-I for all taxpayers form Sept 1, 2022 to Oct. 30, 2022.
UOI vs. M/S Filco Trade Centre Pvt. Ltd and Anr.
GST – Rule 9(4) – Word ‘may’ does not give discretion to not assign reasons – Discretion is only to reject application for registration but not to blatantly violate principles of natural justice.
BVCM Traders Vs. Supdt. of CGST, 2022-TIOL-987-HC-MAD-GST.
CBIC issued FAQ’s on GST applicability on pre-packaged and labelled goods.
F. No.: 190354/172/2022 – TRU dated 17-7-2022.
GST – Sec. 54 – Circular No. 135/05/2020 – GST, dated 31-03-2020 which stipulates that refund under inverted duty structure in terms of section 54(3)(ii) would not be available where input and output supplies are same in repugnant and conflicting to parent legislation, i.e., Sec. 54(3)(ii).
Baks Hughes Asia Pacific Ltd. v. UOI, [2022] 140 taxmann.com 326 (Rajasthan).
CBDT notified ‘Prescribed Authority’ for e-Verification Scheme, 2021.
Order F. No. 282/04/2022/IT (Inv. v), Pt. II 13, dated 20-07-2022.
Pr. CCIT to admit belated applications in Form Nos. 9A, 10, 10B, 10BB if delay is upto 3 years.
Circular Nos. 15 to 17 of 2022, dated 19-07-2022.