In Shri Rajeev Ratanlal Tulshyan v. Income Tax Officer , the Income Tax Appellate Tribunal (“ITAT”), Mumbai Bench ruled that Share Transfer without consideration or at a price lower …
In Sunil Dutt v. Department of Customs, Commissionerate, Ludhiana , the Honorable Punjab and Haryana High Court (“the Punjab HC”) initiated Central Bureau of Investigation (CBI) enquiry to fix …
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated October 18, 2021 for taxpayers on Form GSTR-2B. Q. 1 What is GSTR-2B? GSTR-2B is an auto-drafted ITC statement …
The Hon’ble Madras High Court in the case of Platinum Holdings Pvt. Ltd. Vs. Additional Commissioner of GST & Central Excise has held that a Special Economic Zone …
The DGFT issued Public Notice 29/2015-2020 dated October 18, 2021 regarding enlistment under Appendix 2E to issue Certificate of Origin (Non – Preferential) for All India Jurisdiction. In exercise …
Since the implementation of Goods and Services Tax (GST), Ahmedabad and Surat have become the hubs for bogus billing in Gujarat, while the web of illegal transactions has also …
The Department of Commerce vide Instruction No. 109 dated October 18, 2021 issued guidelines regarding reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved …
In Sri Ganga Poorna Prasad v. The Assistant Commissioner of Income Tax, Mysuru , the Income Tax Appellate Tribunal, Bangalore (“ITAT”) held that the Capital Gains Exemption under Section …
The Hon’ble Madras High Court in the case of M/s. HEC India LLP v. Commissioner of GST and Central Excise and Anr. has held that the GST Authority …
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field of indirect taxation and direct taxation to keep you abreast …
