Month: December 2022
CBIC prescribes manner of filing an application for refund by unregistered persons CBIC has issued Circular No. 188/20/2022-GS dated 27th December, 2022 prescribing manner of filing an application for refund by unregistered persons CBIC considering the issue of GST refund in situations of cancellation of agreement/contract …
FAQ clarifying certain issues under GST-Circulars by CBIC Central Board of Indirect Taxes and Customs (CBIC) has issued FAQs vide Circular No. 48/22/2018-GST dated 14th June 2018 and Circular No. Circular No. 186/18/2022-GST dated 27th December 2022 clarifying certain issues under GST. The Frequently Asked Question are as under: …
IT support services do not satisfy make available test under India-UK DTAA ABCAUS Case Law CitationABCAUS 3627 (2022) (12) ITAT Important Case Laws relied upon:CIT Vs. Guy Carpenter & Co. Ltd 254 CTR 243H.J. Heinz CompanyDe Beers India Minerals Limited 346 ITR 467Mitsubishi Electric India Ltd ITA No. …
Request for EOIs for Empanelment of CAs/ICWAs for GST Special Audit in Delhi Commissionerate Request for Expression of Interest (EOIs) for Empanelment of Chartered Accountants/ Chartered Accountant firms/Cost Accountants / Cost Accountant firms for Special Audit of GST registered persons under Section 66 of the Central Goods & …
DGFT has issued latest guidelines for import of Pet Animals (cats/dogs) Directorate General of Foreign Trade has issued a Trade Notice giving the latest import policy provisions for ‘other’ mammals including pet animals (cats/dogs) as under: ITC (HS) Item Description Import Policy Policy Condition Policy Condition (6): Import …
For typographical error assessee has to invoke Section 154 not Appellate Jurisdiction to rectify mistakes committed during assessment proceedings – ITAT ABCAUS Case Law CitationABCAUS 3626 (2022) (12) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the additions. The …
Relinquishing ESOP right accrued are taxable as capital gains not profits in lieu of salary u/s 17(3)(iii) – ITAT ABCAUS Case Law Citation ABCAUS 3625 (2022) (12) ITAT Important Case Laws relied upon:CIT vs. Sarangpur Cotton Manufacturing Co. Ltd., 6 ITR 36CIT vs. A. Krishnaswami Mudaliar & Ors. …
ICAI revised 2022 edition of Implementation Guide and FAQ to SA 230- Audit Documentation The Auditing and Assurance Standards Board of ICAI has issued revised 2022 edition of Implementation Guide to Standard on Auditing (SA) 230 Audit Documentation. brought out the revised edition of the Implementation Guide to …
CBDT releases list of Exempt Institutions Registered with Unique Registration Number – Order in Form 10AC CBDT vide notification No. 19/2021 dated 26.03.2021 revised the procedure for registration of charitable trusts All trusts/charitable institutes were required to make a fresh application for provisional registration in Form No. 10A …
Assessee’s time cannot be taken for granted by Income Tax Department. Assessee can not be made to appear before the tax authorities again and again ABCAUS Case Law Citation ABCAUS 3624 (2022) (12) ITAT Important Case Laws relied upon:Alkaben B. Patel vs. ITO43 Taxmann.com 333 (Ahm)Sujatha Ramesh vs. …
