Category: Latest News

CBIC revised policy, the import of pocket lighters that are gas-fueled, non-refillable, or refillable is prohibited. However, import is "Free" if the CIF value is Rs. 20 or above per lighter. CBIC Instruction No. 21/2023-Customs F.No.401/41/2023-Cus.III Subject: – Amendment in import policy condition of … Continue Reading →

In Re: CHANCHAL SAHA Order No. 09/WBAAR/2023-24 dated 26.06.2023 WEST BENGAL AUTHORITY FOR ADVANCE RULING Hon’ble AAR has pronounced the ruling in favour of Applicant that the applicant being a Fair Price Shop is not making any supply to the State Government. No … Continue Reading →

CBDT Circular No. 10 of 2023F. No. 37 014212312023-TPL dated 30-06-2023 Sub: Circular to remove difficulty in implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on purchase of overseas tour program package – reg Finance Act, 2023 … Continue Reading →

PIB Press Release Posted On: 30 JUN 2023 7:05PM by PIB Delhi Government of India, Ministry of Finance, Department of Revenue Central Board of Direct Taxes New Delhi, 30th June, 2023 PRESS RELEASE The Income-Tax Department has been focusing its efforts on promoting voluntary compliance. … Continue Reading →

M/s Gujarat Adani Institute Of Medical Sciences Versus C.C.E. & S.T.-Rajkot Order Date: 22-06-2023 Hon’ble CESTAT Ahmedabad held that merely by charging a higher fees an institution cannot be treated as commercial institute; accordingly the reasoning on this count of the Lower Authority is … Continue Reading →

Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) PIB Press Release Posted On: 30 JUN 2023 4:30PM by PIB Delhi Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as … Continue Reading →

Public Sector Banks and eligible Private Sector Banks authorised to implement and operationalise Mahila Samman Savings Certificate, 2023 PIB Press Release Posted On: 30 JUN 2023 4:14PM by PIB Delhi The Department of Economic Affairs, Ministry of Finance, through an e-gazette notification issued on June … Continue Reading →

M/s EY Global Delivery Services India LLP Vs DCIT (ITAT Bangalore) Appeal Number : ITA No. 283/Bang/2023 Date of Order: 31-05-2023 Hon’ble ITAT held that interest under section 234C of the IT Act, 1961 is to be levied on the returned income and not on … Continue Reading →

M/s Penuel Nexus Pvt Ltd Vs Additional Commissioner Headquarters (Appeals) (Kerala High Court) WP(C) No. 15574 of 2023 Date of Judgement: 13-06-2023 The Hon’ble High Court vide above judgement held that the department is right in rejecting the time-barred Appeal as section 107 of the … Continue Reading →

M/s Shree Ram Agrotech Vs State of Jharkhand (Jharkhand High Court) W.P. (T) No. 163 of 2023 Date of Judgement: 15-06-2023 Hon’ble High Court vide above judgement held that in absence of SCN and adjudication order, the recovery proceedings is unjustified and not as per … Continue Reading →