Power Ministry issues directions to domestic coal based plants with PPA through tariff based bids.
Rs. 1,40,885 Crore gross GST Revenue collection for May 2022; increase of 44% year-on-year.
Govt. postpones applicability of Electronic Cash Ledger and Electronic Duty Credit Ledger to Nov. 30, 2022.
Notification Nos. 47/2022 and 48/2022, dated 31-05-2022.
Telecom Towers not considered as immovable property; Cenvat credit reversed under protest is refundable.
Reliance Jio Infocomm Ltd. – [2022] 138 taxmann.com 527 (Mumbai-CESTAT).
Proper Officer – Notice issued by Apex Court on review petition filed by Union of India against its judgement in Canon India Pvt. Ltd. v. Commissioner of Customs [2022] 125 taxmann.com 188 (SC) and directed respondents to file counter affidavits before the next date of hearing.
Commissioner of Customs v. Canon India Pvt. Ltd. – [2022] 138 taxmann.com 496 (SC).
GAAR cannot be invoked to deny sanction of amalgamation, Tax Dept. may invoke it during assessment: NCLT.
Panasonic India Pvt. Ltd. In re – [2022] 138 taxmann.com 570 (NCLT-Chd.).
CBDT authorises ACIT/DCIT (International Taxation), Circle Delhi to issue notice u/s 143(2).
Notification No. 56/2022, dated 28-05-2022.
Husband can’t be said to be owner of house bought in wife’s name even if he claimed Sec. 54 exemption on it.
Antony Parakal Kurian v. ACIT – [2022] 138 taxmann.com 440 (Karnataka).
Leave granted to SLP filed against HC Ruling that provisions of section 115JB could not be invoked in case of company engaged in generation and supply of electricity.
Principal Commissioner of Income-tax v. Atria Power Corporation Ltd. – [2022] 138 taxmann.com 271 (SC).
Once Order passed by ITAT already stands confirmed by judgement of Apex Court, appeal seeking fresh disposal by ITAT by way of remand is infructuous.
CIT v. Mol Corporation, 2022-TIOL-762-HC-DEL-IT.