Daily Archive: Monday, September 18, 2017

CBEC instruction to file SLP against stay of tax collection under GST by the orders of High Courts

Author: | Categories: GST No comments
CBEC instruction to file SLP against stay of tax collection under GST by the orders of High Courts  irrespective of fact that matter is still pending before High Court F.No.275/11/2017-CX.8A Ministry of Finance Department  of Revenue Central Board of Excise & Customs (Legal Cell) ******** ‘C’ Wing, 5th Floor,

 

Disproportionate increase in expenses in relation to turnover not a reason for disallowance – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Disproportionate increase in expenses in relation to turnover can not be reason in itself for making adhoc disallowance without cogent material – ITAT ABCAUS Case Law Citation: ABCAUS 2076 (2017) (09) ITAT Assessment Year :  2012-13 Brief Facts of the Case: The Petitioner assessee had claimed certain expenses. On

 

Income Tax Officer is bound to furnish reasons for re-opening u/s 147 – High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Income Tax Officer is bound to furnish reasons for re-opening u/s 147 which should already be on record, prior to issuance of notice u/s 148 of the Income Tax Act, 1961 – High Court   ABCAUS Case Law Citation: ABCAUS 2075 (2017) (09) HC The Challenge/Grievance: The petitioner sought

 

Global Crude oil price of Indian Basket was Rs. 21.99 per Liter on 15.09.2017

Author: | Categories: Government No comments
Global Crude oil price of Indian Basket was Rs. 21.99 per Liter on 15.09.2017  The hike in Petrol Prices has become the latest issue questioning the Government. Today, the Biju Janata Dal (BJD) has also called a strike in Odisha over petrol and diesel prices. Media has claimed that the

 

GST Practitioners-A Guide by CBEC. Eligibility Criteria, Activities and Conditions

Author: | Categories: GST No comments
GST Practitioners-A Guide by CBEC. Eligibility Criteria for becoming GST practitioner. Activities and Conditions for GST Practitioner GST Practitioners Section 48 of the CGST Act provides for the authorisation of an eligible person to act as approved GST practitioner. A registered person may authorise an approved GST practitioner to