shivangiverma10
December 15, 2021
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while allowing the plea of a lawyer, held that the payments made by him towards filing for World Intellectual Property and Trade Fair Services are not in the nature of “Fee for Technical Services” and therefore, …
shivangiverma10
December 15, 2021
1. The Central Board of Direct Taxes (CBDT) has issued the instructions regarding uploading information on Verification Report Upload (VRU) functionality on Insight portal for implementation of risk management strategy for issuance of notice. As per the amended provisions of section 148 of the Income-tax Act, …
shivangiverma10
December 15, 2021
The Delhi High Court while allowing as many as 1346 writ petitions, quashed old law Reassessment notices issued after April 1st, 2021. Facts of the case:- Various issues arise for consideration in the present batch of 1346 writ petitions, yet in essence, the questions of law …
shivangiverma10
December 15, 2021
1. The Institute of Company Secretaries of India (ICSI) concluded the online registration process for the Company Secretary Executive Entrance Test or CSEET January 2022 session on December 15, 2021. Candidates can apply for the exam on the official website icsi.edu Students who have passed or …
shivangiverma10
December 7, 2021
Saving a part of your income is good practice. And a fixed deposit is a savings and investment scheme that is unaffected by fluctuations in market variables. It fares better than even the PPF and the senior citizen’s savings scheme, which are government-backed and therefore thought …
shivangiverma10
December 7, 2021
The Supreme Court upheld the measures adopted by RBI to implement a ban imposed by the Government on export of PPE kits in view of COVID-19 pandemic. Facts of the case:- The appellant, Akshay N Patel is the managing director of a firm that manufactures and …
shivangiverma10
December 7, 2021
The Uttar Pradesh Authority of Advance Ruling (AAR) ruled that no GST payable on Services rendered under the Contract with State Urban Development Agency, Uttar Pradesh (SUDA) and Pradhan Mantri Awas Yojana (PMAY). Facts of the case:- The appellant, M/s Arinem Consultancy Services (P) Ltd. sought …
shivangiverma10
December 6, 2021
Facts of the case:- The Bombay High Court felt that no right to cross-examine the witness before the reply to Show Cause Notice is filed and before adjudication commences. The petitioner, Prakash Raghunath Autade denied each and every allegation made in the show-cause notice. He, however, …
shivangiverma10
December 6, 2021
“Tell me about yourself” is one of the most hair-raising questions that a fresher would face while sitting for an interview. -This question is a crafty one placed in front of the candidate by the interviewer, this is so because the interviewer already knows some details …
shivangiverma10
December 6, 2021
The Gujarat Authority of Advance Ruling (AAR) held that the lump-sum amount received for Health care Services to be provided for 20 years as “Diamond Plan” exempted from GST. Facts of the case:- The applicant, M/s. Divyajivan Healthcare LPP submitted that it proposes to establish a …
shivangiverma10
December 6, 2021
1. The Central Board of Direct Taxes (CBDT) has reduced the Time limit to re-open Income Tax assessment from 6 years to 3 years. The assessment can be reopened upto 10 yrs, only when there is evidence of concealment of income of more than Rs. 50 …
