Government Rolls Out Changes to Gem and Jewellery Sourcing in SEZs under SEZ ( Amendment ) Rules, 2024

Top Stories Government Rolls Out Changes to Gem and Jewellery Sourcing in SEZs under SEZ ( Amendment ) Rules, 2024 The notification announced the inclusion of the phrase "or free…

Continue ReadingGovernment Rolls Out Changes to Gem and Jewellery Sourcing in SEZs under SEZ ( Amendment ) Rules, 2024

No Service Tax under Management, Maintenance or Repair in absence of Receipt of Consideration during warranty period: CESTAT [Read Order]

Top Stories No Service Tax under Management, Maintenance or Repair in absence of Receipt of Consideration¬† during warranty period: CESTAT [Read Order] The CESTAT held that Service Tax under Management,…

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CESTAT sets aside Service Tax Demand on Work Contract Service for the period before 1.06.2007 [Read Order]

The Bangalore bench of the Customs Excise & Service Tax Appellate Tribunal ( CESTAT ) set aside Service Tax Demand on Work Contract Service for the period before 1.06.2007. M/s.…

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Income from Transfer of Channels being an Asset Outside India not Taxable u/s 9(1)(i) Income Tax Act: ITAT deletes Addition [Read Order]

The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Amit Shukla ( Judicial Member ) and Padmavathy S. ( Accountant Member ) while deleting the…

Continue ReadingIncome from Transfer of Channels being an Asset Outside India not Taxable u/s 9(1)(i) Income Tax Act: ITAT deletes Addition [Read Order]

Transaction done through Bombay Stock Exchange on STT cannot be considered as Sham or Bogus Transaction: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Transaction done through Bombay stock exchange on Securities Transaction Tax ( STT ) cannot be considered…

Continue ReadingTransaction done through Bombay Stock Exchange on STT cannot be considered as Sham or Bogus Transaction: ITAT [Read Order]

Taxation and Interim Budget 2024: Achievements and Proposals [Read Finance Bill]

Top Stories Taxation and Interim Budget 2024: Achievements and Proposals [Read Finance Bill] Know the Achievements of Union Government in previous Fiscal year and proposed tax-regime changes for FY 2024-2025,…

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Opportunity of Hearing is Mandatory u/s 75(4) of UPGST Act before Imposing Tax or Penalty: Allahabad HC [Read Order]

In a recent decision, the Allahabad High Court observed that the opportunity of hearing is mandatory under Section 75(4) of the the Uttar Pradesh Goods and Services Tax Act, 2017…

Continue ReadingOpportunity of Hearing is Mandatory u/s 75(4) of UPGST Act before Imposing Tax or Penalty: Allahabad HC [Read Order]