Tax Guru2h
SEBI’s SOP for MIIs: Financial Disincentives for Technical Glitches
2.3 SEBI on identification of the Technical Glitch resulting into Financial Disincentive to the MIIs, or upon receipt of the information of any such instance shall provide an opportunity to the ...
Tax Guru2h
Comprehensive Guidance Note on GST Invoice Management System
All outward supplies documented in GSTR-1, IFF, or GSTR-1A will be reflected in the IMS dashboard for recipients, facilitating necessary actions. The inward supply segment of the IMS dashboard is ...
Tax Guru2h
Impact of Modern Technology on Bailment, Focusing on Digital Storage & Online Rental
The influence of contemporary technology on bailment, especially regarding digital storage and online rentals, has revolutionised conventional techniques into effective operations that address the ...
Tax Guru3h
Enquiry Report Against Assessee Quashed due to Procedural Lapses Under Regulation 17(5) of CBLR, 2018
Conclusion: Since there was a failure in complying with the requirements of Regulation 17 (5) of the Customs Broker Licensing Regulation, 2018 (CBLR, 2018) and the enquiry report was not communicated ...
Tax Guru4h
Reassessment was valid even if scrutiny assessment was done in case notice issued within time-limit and income had escaped assessment
Held: Assessee filed a regular Return of Income under Section 139 for the Assessment Year 2017-2018, ultimately culminated in ...
Tax Guru4h
Ease of Doing Business: SOP for MIIs’ Financial Disincentives Due to Technical Glitches
2.3 SEBI on identification of the Technical Glitch resulting into Financial Disincentive to the MIIs, or upon receipt of the information of any such instance shall provide an opportunity to the ...
Tax Guru4h
SUMMARY on Direct Tax Vivad Se Vishwas Scheme, 2024
The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV) is an initiative by the Government of India to solve the rigmarole of ...
Tax Guru6h
Form ASMT-10 notice Issuance is mandatory during scrutiny of returns: Madras HC
Observed that, the issuance of the notice in FORM GST ASMT-10 is mandatory when discrepancies are found during the scrutiny ...
Tax Guru7h
HC Sets Aside ₹89.83 Lakh GST Demand Due to Portal Glitches & Unreasoned Order, Orders Fresh Review
Delhi High Court has remanded a GST case involving Sree Ananta Exim to the Adjudicating Authority for reconsideration. The ...
Tax Guru7h
Delhi HC Grants Extension for Rs. 50 Lakh DGFT Penalty Due to DRI Delay
In the case of Chintamani Sharma And Sons Vs Union of India & Ors., the Delhi High Court addressed a petition challenging a Rs. 50 lakh penalty imposed by the Directorate General of Foreign Trade ...
Tax Guru7h
Date of agreement should be used for computing sale value for Section 50C
This appeal by the Revenue seeks to call in question the Tribunal’s Order dated 05.01.2022 concerning the Assessment Year 2014-15 whereby, the Assessee’s Appeal in ITA No.1322/Bang/2019 came to be ...
Tax Guru7h
Issue with Rebate under Section 87A for Capital Gain Tax: A Detailed Look
Introduction: The Income Tax Department has started processing several returns with demand, especially for taxpayers whose source of income is from capital gains. This main reason for the demand is ...