Judgment:- The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the bank guarantee commission is not subject to tax deduction at source (TDS) under section 194H of the Income Tax Act, 1961. The assessee, a company, filed its income tax return. Facts …
The Ahmedabad Bench of Customs Excise and Service Tax Appellate Tribunal (CESTAT) ruled that NSE/BSE transaction charges and SEBI turnover fees are not liable to service tax under the head of “stockbroker service”. Facts of the case:- The appellant, Monarch Research & Brokerage P Ltd is …
1. In a major relief to the taxpayers, the new feature has been updated on the GST Portal wherein the taxpayer can claim the Input Tax Credit (ITC) even when it is not displayed in GSTR-2A or 2B. In order to help importers of goods, and …
Judgment:- The Allahabad High Court ruled that the reasonable opportunity ought to be granted to Taxpayers to submit, revise, re-revise electronically Form GST TRAN-1 or TRAN-2. Facts of the case:- This batch of writ petitions has been filed seeking relief in the nature of mandamus commanding …
1. The Market Regulator, Security, and Exchange Board of India (SEBI) on Tuesday have notified the Principal officer having decision-making authority related to fund management, to obtain certification from the National Institute of Securities Markets. “The associated persons functioning as principal officer of a Portfolio Manager …
The Chennai Bench of Customs, Excises and Service Tax Appellate Tribunal (CESTAT) quashed the Order imposing Penalty on Customs Brokers as against the Principles of Natural Justice. Facts of the case:- The appellant, M/s. Seaswan Shipping and Logistics who is a Customs Broker is aggrieved by …
1. The Institute of Chartered Accountants of India (ICAI) notified the panel for scrutiny of nominations for elections to its Twenty-Fifth Council and Twenty Fourth Regional Councils. 2. The ICAI empowered under sub-rule (3) of rule 12 of the Chartered Accountants (Election to the Council) Rules, …
1. The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June 2021. Taxpayers and professionals have reported glitches and difficulties in the portal since then. The Ministry of Finance has been regularly monitoring the resolution of issues with Infosys Ltd which is …