Public Policy
Current
CBDT Notification
CBDT removes limit of Rs. 5,000/- for submission of SFT in relation to interest income.
Notification No. 1 of 2023, dated 5-1-2023.
GST Penalty
GST – Penalty imposed merely for not selling old batteries on weight basis is not sustainable.
Ganpati Battery Traders v. State of U. P. – [2023] 146 taxmann.com 49 (Allahabad).
Section 263
CIT can look into report of ‘Directorate of Vigilance and Anti-corruption’ to invoke section 263.
CIT v. N. Sasikala – [2023] 146 taxmann.com 149 (Madras).
CBDT Circular
CBDT extends deadline to comply with section 54 to 54GB provisions considering then prevailing Covid 19.
Circular No. 1 of 2023, dated 6-1-2023.
HC cannot interfere with finding of fact
HC cannot interfere with finding of facts recorded by ITAT without framing a specific question of law.
Muthoot Leasing and Finance Ltd. v. Commissioner of Income-tax – [2023] 146 taxmann.com 53 (SC).
Bogus Purchase
Purchase by assessee could not be treated as bogus if AO did not dispute corresponding sales transactions.
Principal Commissioner of Income-tax v. Nitin Ramdeoji Lohia – [2022] 145 taxmann.com 546 (Bombay).
Govt. notifies amendments in service exemption notification as per recommendations of 48th GST Council Meeting.
Govt. notifies amendments in service exemption notification as per recommendations of 48th GST Council Meeting.
Notification No. 15/2022 – Central Tax (Rate) dated 30-12-2022 and Notification No. 15/2022 – Integrated Tax (Rate), dated 30-12-2022.
Uploading of orders on common portal (GST portal) constitutes proper mode of service.
Uploading of orders on common portal (GST portal) constitutes proper mode of service.
Pandidorai Sethupathi Raja v. Superintendent of Central Tax – [2022] 145 taxmann.com 632 (Madras).
CBIC prescribes the manner of filing an application for refund by unregistered persons.
CBIC prescribes the manner of filing an application for refund by unregistered persons.
Circular No. 188/20/2022 – GST dated 27-12-2022.
CBIC issues clarification on treatment of statutory dues for taxpayers where proceedings are finalised under IBC, 2016.
CBIC issues clarification on treatment of statutory dues for taxpayers where proceedings are finalised under IBC, 2016.
Circular No. 187/19/2022 – GST dated 27-12-2022.
Archive
CBDT Notification
CBDT removes limit of Rs. 5,000/- for submission of SFT in relation to interest income.
Notification No. 1 of 2023, dated 5-1-2023.
GST Penalty
GST – Penalty imposed merely for not selling old batteries on weight basis is not sustainable.
Ganpati Battery Traders v. State of U. P. – [2023] 146 taxmann.com 49 (Allahabad).
Section 263
CIT can look into report of ‘Directorate of Vigilance and Anti-corruption’ to invoke section 263.
CIT v. N. Sasikala – [2023] 146 taxmann.com 149 (Madras).
CBDT Circular
CBDT extends deadline to comply with section 54 to 54GB provisions considering then prevailing Covid 19.
Circular No. 1 of 2023, dated 6-1-2023.
HC cannot interfere with finding of fact
HC cannot interfere with finding of facts recorded by ITAT without framing a specific question of law.
Muthoot Leasing and Finance Ltd. v. Commissioner of Income-tax – [2023] 146 taxmann.com 53 (SC).
Bogus Purchase
Purchase by assessee could not be treated as bogus if AO did not dispute corresponding sales transactions.
Principal Commissioner of Income-tax v. Nitin Ramdeoji Lohia – [2022] 145 taxmann.com 546 (Bombay).
Govt. notifies amendments in service exemption notification as per recommendations of 48th GST Council Meeting.
Govt. notifies amendments in service exemption notification as per recommendations of 48th GST Council Meeting.
Notification No. 15/2022 – Central Tax (Rate) dated 30-12-2022 and Notification No. 15/2022 – Integrated Tax (Rate), dated 30-12-2022.
Uploading of orders on common portal (GST portal) constitutes proper mode of service.
Uploading of orders on common portal (GST portal) constitutes proper mode of service.
Pandidorai Sethupathi Raja v. Superintendent of Central Tax – [2022] 145 taxmann.com 632 (Madras).
CBIC prescribes the manner of filing an application for refund by unregistered persons.
CBIC prescribes the manner of filing an application for refund by unregistered persons.
Circular No. 188/20/2022 – GST dated 27-12-2022.
CBIC issues clarification on treatment of statutory dues for taxpayers where proceedings are finalised under IBC, 2016.
CBIC issues clarification on treatment of statutory dues for taxpayers where proceedings are finalised under IBC, 2016.
Circular No. 187/19/2022 – GST dated 27-12-2022.