Juris Hour - Tax Proficiency at Your Doorstep

Relief To Telecom Industry: Tower And Pre-Fabricated Buildings Are ‘Goods’ Qualifies For CENVAT Credit Benefits: Supreme Court

November 21, 2024 0

In a major relief to Telecom Industry, the Supreme...

Food Supply Under Prescribed Diet Package Is A ‘Composite Supply’, Different From ‘Normal Restaurant Services’, 18% GST Applicable: Karnataka Commercial Tax Dept.

November 21, 2024 0

The Karnataka Commercial Tax Department held that food supply...

Rendering Customer Support Services To Parent Company Doesn’t Qualifies As ‘Intermediary Service’, No Service Tax Payable: CESTAT

November 20, 2024 0

The Banglore Bench of Customs, Excise and Service Tax...

The Latest

Relief To Telecom Industry: Tower And Pre-Fabricated Buildings Are ‘Goods’ Qualifies For CENVAT Credit Benefits: Supreme Court

Indirect Taxes November 21, 2024 0

In a major relief to Telecom Industry, the Supreme...

Food Supply Under Prescribed Diet Package Is A ‘Composite Supply’, Different From ‘Normal Restaurant Services’, 18% GST Applicable: Karnataka Commercial Tax Dept.

GST November 21, 2024 0

The Karnataka Commercial Tax Department held that food supply...

Rendering Customer Support Services To Parent Company Doesn’t Qualifies As ‘Intermediary Service’, No Service Tax Payable: CESTAT

Indirect Taxes November 20, 2024 0

The Banglore Bench of Customs, Excise and Service Tax...

Relief To Telecom Industry: Tower And Pre-Fabricated Buildings Are ‘Goods’ Qualifies For CENVAT Credit Benefits: Supreme Court

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Direct Tax

BREAKING | CBDT Notifies Condonation Of Delay In Filing Of Form No. 9A, 10, 10B, 10BB

Bombay High Court Quashes Order For Non-Addressing Issue Of Waiver Of Interest, Attributable To COVID-19 Pandemic

GST Can’t Be Included In Computing Deemed Income: ITAT

Direct Tax Weekly Flashback: 10 November 2024 to 16 November 2024

BREAKING | Union Budget 2025: CBDT Working On Simplified Version Of Income Tax Laws

Direct Tax

Delhi High Court Refuses To Condone AO’s 2 Minutes Delay In Issuing Reassessment Notice; Quashes Notice Being Time Barred

Direct Tax

Share Received By Assessee From AOP/BOI After Payment Of Due Taxes Can’t Be Taxed Again In Hands Of Recipient Assessee: Madhya Pradesh High Court

Direct Tax

Sale Deed Is Not A Revenue Document To Certify Agricultural Nature Of Land For Taxation Purpose: Delhi High Court Upholds PCIT’s Action Of Invoking...

Direct Tax

Assessment Can’t Be Reopened Merely On The Basis Of Information By Investigation Wing : ITAT

Direct Tax

TDS Is Deductible On Salaries Of Nuns And Priests Working In Aided Schools: Supreme Court

Direct Tax

Direct Tax Weekly Flashback: 3 November To 9 November 2024

Direct Tax

AO To Spell Out Reasons As To What Was To Be Disclosed Before Initiating Reassessment Under Section 147 : Delhi High Court

Direct Tax

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Transfer Pricing

Transfer Pricing Entities Operating On Economic Upscale Can’t Be Included As Comparables Of Those Working On Cost Plus Pricing: Delhi High Court

Uncontrolled Entities As Comparables For Determining ALP; Delhi High Court Remands Back Matter To ITAT

PE Is An Independent Taxable Entity, Affirms Delhi High Court

Delhi High Court Upholds ITAT’s Order Allowing Customs-Duty Adjustment On Import Of Watches

Nature Of Trading Business Can’t Be Foundation To Conclude Principal-Agent Relationship Under Indo-Japan Tax Treaty: ITAT

Transfer Pricing

Impermissible For TPO To Doubt Commercial Soundness Of Expenditure That May Be Incurred: Delhi High Court

Transfer Pricing

Whether International Transactions With Non-Korean AEs Similar To MAP Covered Korean AE: ITAT Remit Back TP Adjustment To TPO

Transfer Pricing

ALP On Account Of Corporate Guarantee At 0.50% On Guaranteed Amount Is Proper Commission: ITAT

Transfer Pricing

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GST

Food Supply Under Prescribed Diet Package Is A ‘Composite Supply’, Different From ‘Normal Restaurant Services’, 18% GST Applicable: Karnataka Commercial Tax Dept.

GST Evasion | Chhattisgarh High Court Grants Bail To Accused Of Passing Unauthorised ITC Worth Rs. 63.37 Crores Based On Fake Bills

BMW Entitled To ITC On Demo Vehicles: Punjab & Haryana High Court Quashes AAAR’s Ruling

CBIC Notifies Extension Of Due Date For Filing Of Return In FORM GSTR-3B October, 2024 Till 21 November, 2024

Punjab and Haryana High Court Grants Anticipatory Bail To Accused Uploading Fake Bills On GST Portal & Wrongfully Claiming ITC Worth Rs. 25 Crores

GST

GST Number Of Purchaser In GSTR-1 Return Can’t Be Rectified After Expiry Of Limitation Period: Punjab & Haryana High Court

GST

Chhattisgarh High Court Dismisses J.K. Lakshmi Cement’s Petition Challenging Constitutional Validity Of Clauses (c) & (d) Of Section 17(5) of CGST Act Citing Safari...

GST

Denying GST ITC On Advance Receipts Would Create Inconsistency And Disrupt Harmonious Functioning Of GST Provisions, Rules Bombay High Court

GST

Interest On Delayed IGST Refund Payable From 60 Days After Filing Of Shipping Bill: Bombay High Court

GST

iPhone Smuggling Case | Patiala House Court Rejects Bail Application Of Accused Involved In GST Fraud Of Rs. 1285 Crore

GST

Himachal Pradesh High Court Upholds GST On Royalty Paid By Mineral Concession Holder For Any Mining Concession Granted By State

GST

Electronic Credit Ledger Can’t Be Blocked Citing Enforcement Authority’s Reports: Karnataka High Court

GST

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CCI

Mandatory Condition Of Prima Facie Anti-Competitive Agreements, Abuse Of Dominant Position Absent, CCI Can’t Direct Investigation: Gauhati High Court

Every IP Dispute Can’t Be Converted Into Competition Dispute: Delhi High Court

Whether Swiggy Can Share Confidential Data With Restaurant Association? Karnataka High Court Directs CCI To Decide Afresh

Information appear to be individual/contractual disputes: CCI Dismisses Complaint Against PayTm, Aditya Birla Finance, Bharti Airtel, Central Bank

OMCs Did Not Violate Provisions Of Competition Act For Issuing Joint Tender For Procurement Of Ethanol: CCI

CCI

Imposition Of Pre-Payment Of Loan Penalty On End-Consumer By Finance Company Doesn’t Amount To Anti-Competitive Agreement: CCI

CCI

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Indirect Tax

Relief To Telecom Industry: Tower And Pre-Fabricated Buildings Are ‘Goods’ Qualifies For CENVAT Credit Benefits: Supreme Court

Rendering Customer Support Services To Parent Company Doesn’t Qualifies As ‘Intermediary Service’, No Service Tax Payable: CESTAT

Telecom Operators Now Entitled To Claim CENVAT Credit On Infrastructure: Supreme Court Affirms Delhi HC decision in Vodafone; Overrules Bombay HC Decision In Bharti...

Customs Duty Exemption Available On Pregnancy Test Kits Based On Agglutinating Sera: CESTAT

Customs Dept. Failed To Establish Meat Was Exported Using Pre-Signed And Pre-Stamped Veterinary Certificates: CESTAT Quashes Penalty

Indirect Taxes

No Notice Prior To Adjusting Refund Amounts Towards Service Tax Dues Is Required: Kerala High Court

Indirect Taxes

Cenvat Credit Available On Service Tax Paid On Outward Transportation Under Reverse Charge Mechanism: CESTAT

Indirect Taxes

No Service Tax On Reverse Charge Basis Applicable To Salary Paid To Directors: CESTAT

Indirect Taxes

Indirect Tax Weekly Flashback: 10 To 16 November 2024

Indirect Taxes

Bombay High Court Directs DGFT To Pay Cost Of Rs. 50,000 To L&T: Know Why?

Indirect Taxes

Delhi High court Directs Customs Dept. To Return Vanuatu Citizen’s Luxury Watch Seized Without S. 124 Notice

Indirect Taxes

Goods Never Cleared For Home Consumption But Were Re-Exported: Kerala High Court Directs Import Duty Refund To Importer

Indirect Taxes

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International Taxation

West Indies Vs England : Tax Facts

UAE FTA Notifies Postponement of Deadline To File Tax Return, Settle Corporate Tax

No Gift Tax Applicable On Assets Distribution To Surviving Spouse Pursuant To Nonjudicial Agreement: US Tax Court

US Tax Court Remands Back Collection Case To Consider Ability To Pay

Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court

International Taxation

Settlement Officer Didn’t Abuse Discretion In Rejecting Offer-In-Compromise-Effective Tax Administration Based On Economic Hardship: US Tax Court

International Taxation

US Tax Court Dismisses Case On Failure Of Dept. Prove Deficiency Notice Properly Mailed To Assessee

International Taxation

Failure Of Assessee To Prove Business Activity, Tax Deduction Not Allowable: US Tax Court

International Taxation

Corporation’s Net Income To Be Considered As Taxpayer’s Income Even Though Not Received By Him: US Tax Court

International Taxation

Owner Of Capital Interest In Partnership Be Recognized As Partner Regardless Of Participation: US Tax Court

International Taxation

Ex-Wife Not Involved In Business Decision During Husband’s Affair, Gets Relief From Couple’s Joint Tax Debts : US Tax Court

International Taxation

Canada-U.S. Income Tax Treaty Bars Collections Hearing By United States: U.S. Tax Court

International Taxation

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Company & PMLA

Delhi High Court Refuses Bail To Person Accused Of Diversion Of Loan Funds, Round Tripping And Money Laundering

Restriction Under Section 45 Of PMLA Not Applicable To Constitutional Courts In Granting Bail To Money Laundering Accused: Allahabad High Court

Sanction From Govt. Mandatory To Take Cognizance Against Public Servants For Money Laundering Offences: Supreme Court

Allahabad High Court Comes Down Heavily On Advocate Of PMLA Accused For Sending Emails To Enforcement Directorate

Sickness Or Infirmity Valid Grounds Of Bail For An Accused Under PMLA: Supreme Court

Company & PMLA

PMLA | Trial Is Not Likely To Conclude In Reasonable Time, Section 45 Can’t Become Shackle Leading To Unreasonably Long Detention Of Accused: Delhi...

Company & PMLA

Custodial Interrogation Not Mandatory, Can Be Done Via Video-Conferencing: Patiala House Court Dismissing ED’s Application For Anticipatory Bail Cancellation

Company & PMLA

Mere Possession Of Crime Proceeds Sufficient To Invoke PMLA Provisions: Madras High Court

Company & PMLA

S. 138 NI Act Cases | Company’s Director Can’t Be Prosecuted Without Prosecuting Company Itself: Rajasthan High Court

Company & PMLA

Relief To Patanjali Foods | Excise And Service Tax Commissioner Bound By Resolution Plan: Karnataka High Court

Company & PMLA

PMLA | Interrogation By ED For About 14 hours And 40 minutes Not Heroic Rather Against Human Rights: Punjab and Haryana High Court

Company & PMLA

Public Funds Auction | Committee Of Creditors Decision To Be Considered By NCLT, May Allow ‘Open Court Bidding’: Delhi High Court

Company & PMLA

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Columns

Analysis Of Canon Judgement Review By Supreme Court

West Indies Vs England : Tax Facts

Latest Updates You Need To Know About Income Tax e Filing

Justice Sanjiv Khanna To Become 51st CJI: Know His Contribution In Indian Taxation

Know Time Limit For Issuing Income Tax Notices And Completion Of Assessment

Columns

Take Care Of Disabled Dependents And Get Relief Under Section 80DD Of Income Tax Act: Know How

Columns

Leave Job And Become A Consultant: Here’s Tax Saving Tricks

Columns

Amnesty Scheme | FAQs On Waiver Of Interest Or Penalty On Demands Pertaining To FYs 2017-20

Columns

BREAKING | New GST Invoice Management System Goes Live Today: Know Key Details

GST

Know Revised TDS Rates Chart for AY 2025-26 Effective From October 2024

Columns

Is Redemption Fine On Re-Export Imposable? Know 2 Contradictory Rulings

Indirect Taxes

IMPORTANT POINTS & DATES FOR CONSIDERATION AFTER SUPREME COURT’S DECISION IN RAJEEV BANSAL CASE

Columns

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Notification

CBIC Notifies Extension Of Due Date For Filing Of Return In FORM GSTR-3B October, 2024 Till 21 November, 2024

ATTENTION | 55th GST Council Meeting On December 21, 2024 In Jaisalmer Rajasthan

BREAKING | CBDT Notifies Condonation Of Delay In Filing Of Form No. 9A, 10, 10B, 10BB

BREAKING | Union Budget 2025: CBDT Working On Simplified Version Of Income Tax Laws

DGFT Notifies Additional Port Of Export As ‘Amritsar Airport’ For Exports Under Schemes Of Gold/Silver/Platinum Jewellery

Notification

CBIC Notifies Fixation Of Tariff Value Of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Notification

GSTN Issues Advisory On GST Amnesty Scheme Under Section 128A

Notification

CBIC Mandates Personal Hearing Through Video Conferencing Under GST Act, Customs Act, Central Excise Act

Notification

New Monetary Limits For Waiver Of Interest By Income Tax Authority: CBDT

Direct Tax

Investigation Into Tax Evasion Cases In Import Or Export: CBIC Issue Guidelines For Customs Field Formations In Maintaining Ease Of Doing Business

Notification

GSTN Issues Advisory On Barring Of GST Return On Expiry Of Three Years

Notification

CBIC’s Endeavour To Grant GST Registration Within 7 Days To Combat Corruption: Know Public Opinion

Notification