Daily Archives: April 5, 2020

Adjudicate Taxpayer case if he had furnished bank guarantee for release of goods & vehicle: HC

By | April 5, 2020

  HIGH COURT OF ALLAHABAD Skipper Ltd. v. Union of India BISWANATH SOMADDER AND AJAY BHANOT, JJ. WRIT TAX NO. 344 OF 2018 FEBRUARY  7, 2020 Aloke Kumar for the Petitioner. Anant Kumar Tiwari, for the Respondent. ORDER 1. The order dated 4th December, 2019 issued by the Assistant Commissioner (Incharge) Commercial Tax, Mobile Squad Mughalsarai Unit, Chandauli is taken inim… Read More »

Quarry expenses paid in cash allowed as banking Facilities not available : HC

By | April 5, 2020

However, we have seen that the assessee has either purchased demand drafts or remitted the amount into treasury. Hence we are of the view that the genuineness of these expenses cannot be doubted with. Accordingly, we set aside the order passed by Ld CIT(A) on this addition and direct the AO to delete the disallowance of Rs.… Read More »

IGST on importer on Ocean Freight are ultra vires to the IGST Act : HC

By | April 5, 2020

 IGST on importer on Ocean Freight are ultra vires to the IGST Act: HC No tax is leviable under the Integrated Goods and Services Tax Act, 2017 on ocean freight for services supplied by a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up… Read More »

Form 15G/15H filing Date Extended for FY 2020-21 : CBDT

By | April 5, 2020

Due to outbreak of COVID-19, there is severe disruption in the normal banking working of almost all sectors of economy. Thus, the CBDT has clarified that if a person had submitted Form 15G and 15H for FY 2019-20 to banks and other institutions then these forms will be valid up to 30.06.2020 for FY 2020-21… Read More »