The respondents are hereby directed to consider the claim of the petitioner for the amount of ITC of Rs. 99,46,810/- manually under Rule 7B of the Rules-1994, so as to enable the petitioner to take advantage of the order dated 7-2-2020 to revise the Form Tran-1 to be filed online on or before 31-3-2020. HIGH… Read More »
SUPREME COURT OF INDIA Principal Commissioner of Income-tax v. Nitrex Chemicals India Ltd. A. M. KHANWILKAR, HEMANT GUPTA AND DINESH MAHESHWARI, JJ. SLP TO APPEAL (C) NO. 13576 OF 2017 JANUARY 22, 2020 Arijit Prasad, Sr. Adv., Syed Abdul Haseeb, Adv., Mrs. Anil Katiyar, AOR and B.V. Balaram Das, AOR for the Petitioner. Venketesh Chaurasia, Adv. and Jay Kishor Singh, AOR for the Respondent. ORDER… Read More »
The position in the current case is that the liability had already arisen with certainty. The committee was constituted for the purpose of wage revision. That the wages would be revised was a foregone conclusion. Merely because the making of the report and implementation thereof took time, it could not be said that there was… Read More »
The ld. CIT (Exemptions) has passed the impugned order on the ground that the purchase and sale of milk, milk product, cattle feed etc. does not come under the object of the assessee trust. Held where there is no dispute about the activities being carried out by the assessee trust and it has maintained 11… Read More »
HIGH COURT OF KERALA Shajahan A.M. v. Assistant State Tax Officer ALEXANDER THOMAS, J. WP (C) NOS. 807 & 1289 OF 2020 JANUARY 29, 2020 P.N. Damodaran Namboodiri, Adv. for the Petitioner. M.M. Jasmine, Govt. Pleader for the Respondent. JUDGMENT 1. As the petitioner in these two cases is the same person, and as the issues raised in these… Read More »
Section 206C(1G) of Income Tax TCS on overseas Tour Package & Foreign Remittance [ Refer Commentary on TCS on overseas Tour Package & Foreign Remittance ] In section 206C of the Income-tax Act with effect from the 1st day of October, 2020,— (I) after sub-section (1F), the following sub-sections shall be inserted, namely: ‘(1G) Every… Read More »
Section 194O of Income Tax After section 194N of the Income-tax Act, the following section shal lbe inserted with effect from the 1st day of October, 2020, by Finance Act 2020 namely Payment of certain sums by e-commerce operator to e-commerce participant. ‘194-O. (1) Notwithstanding anything to the contrary contained in any of the provisions… Read More »
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 31st March, 2020/Chaitra 11, 1942 (Saka) THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020 NO. 2 OF 2020 Download Click here
Ministry of Finance Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 Posted On: 31 MAR 2020 10:04PM by PIB Delhi In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors… Read More »