Service Tax - It is settled law that when an order is passed in violation of principles of natural justice, availability of alternative remedy is not bar to exercising jurisdiction under Article 226 of Constitution of India: HC (See 'TOG Latest')Central Excise - It is settled law that when Board's circular & judgment of court of law is prevailing & judgment has contrary view to board circular, in such case the court's judgment will prevail over board circular: CESTAT (See 'TOG Latest')I-T - A company created for purpose of providing re-employment to ex-servicemen, can be denied registration u/s 12AA solely because it generated considerable revenue with mark-up on cost of 10-12%: ITAT (See 'TOG Latest')I-T - Loss on conversion of shares held as stock in trade into investment, claimed as deduction by assessee which is not in fact allowable, amounts to incorrect claim & hence qualifies as escaped income: HC (See 'TOG Latest')I-T - Any expenditure incurred for purpose of business of assessee can be allowed as deduction whether such business is continued or discontinued, albeit where assessee proves the same: ITAT (See 'TOG Latest')TP - Consideration paid to overseas software supplier for purchase of off-shelf software, does not amount to royalty: ITAT (See 'TOG Latest')Customs - When disputed facts are raised between parties, they cannot be entertained & High Court cannot conduct a roving enquiry with reference to the dispute, which is to be resolved with reference to the documents and evidence produced before the competent authorities: HC (See 'TOG Latest')Customs - Issuance of Detention Certificate per se would not confer any right to get refund directly from service provider, who is a private party: HC (See 'TOG Latest')Damodaran Committee Report - A Timely Advisory to Govt for 'Doing Serious Regulatory Business' (See 'EDITOR's KEYBOARD')Demand of Tax In The Case of Merged & Acquired or Amalgamated Entities (See 'THE INSIGHT')I-T raids Pan Masala manufacturers; seize Rs 52 lakhs in illicit cash (See 'TOG NEWS')Govt probing complaints against e-commerce entities: MoS (See 'TOG NEWS')
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CBDT extends due dates for e-filing of forms
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CBDT notifies Ontario Inc u/s 10(23FE) for eligible investment in India
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Seeks to amend notification No. 48/2017-Customs (ADD), dated the 9th October, 2017 to extend the levy of Anti-Dumping duty on ' Wire Rod of Alloy or Non-Alloy Steel ' originating in or exported from China PR up to and inclusive of 31st January, 2022
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Anti-dumping duty on import of Polytetrafluoroethylene from Russia extended till Nov 30, 2021
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Amendment in AEO Programme: Auto-Renewal of AEO-T1 validity for continuous certification based on continuous compliance monitoring- regarding
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GST taxpayers having turnover upto Rs 2 Cr exempted from filing Annual Return for FY 2020-21
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< More Circular / Notification / Instruction >

ORDER, ORDER!!

Chennai, Aug 03, 2021
I-T - Loss on conversion of shares held as stock in trade into investment, claimed as deduction by assessee which is not in fact allowable, ....

Pune, Aug 03, 2021
I-T - A company created for purpose of providing re-employment to ex-servicemen, can be denied registration u/s 12AA solely because it generated considerable revenue with ....

Ahmedabad, Aug 03, 2021
Central Excise - It is settled law that when Board's circular & judgment of court of law is prevailing & judgment has contrary view to ....

Kerala, Aug 03, 2021
Service Tax - It is settled law that when an order is passed in violation of principles of natural justice, availability of alternative remedy is ....

< More News >
   
   

GST LATEST

THE INSIGHT

Demand of Tax In The Case of Merged & Acquired or Amalgamated Entities

By: Hans Raj Garg, Addl. Director, DRI (Retd.)

TAXPAYER entities enter into 'arrangements' such as merger, acquisition, amalgamation, demerger, etc. among themselves for various reasons such as to achieve growth inorganically, economies of scale, to concentrate on core competence, etc.

Merger and acquisition refer to transaction between two or more legal entities combining in some form wherein mostly a large entity acquires or ....

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GST NEWS

New Delhi, Mar 22, 2021
TOG News Service
CBIC rejects rumors of WhatsApp or SMS directing discharge of Minimum Tax Liability in cash ....

New Delhi, Mar 17, 2021
TOG News Service
Govt not considering faceless assessment of GST: Finance Ministry ....

New Delhi, Mar 16, 2021
TOG News Service
GST Compensation: Centre releases final instalment of Rs 4,104 crore ....

New Delhi, Mar 10, 2021
TOG News Service
Gurugram GST officers arrest 2 for defrauding exchequer of over Rs 690Cr ....

< More GST News >

TIOL TUBE LATEST

   

NEWS PILLS

I-T raids Pan Masala manufacturers; seize Rs 52 lakhs in illicit cash

TOG News Service, Kanpur, July 30, 2021: THE Income Tax Department carried out a search action on 29.07.2021 on a large group based in Kanpur and Delhi. The group is in the business ....

Govt probing complaints against e-commerce entities: MoS

TOG News Service, New Delhi, July 30, 2021: THE Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regardingdeep discounting, predatory pricing and misuse of market dominance.The ....

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EDITOR's KEYBOARD - FROM ARCHIVE

Damodaran Committee Report - A Timely Advisory to Govt for 'Doing Serious Regulatory Business'

By: Shailendra Kumar, Founder Editor (September 26, 2013)

THE World Bank annually comes out with a very popular 'Doing Business Report' (DBR). Much to the credit of this global financial body, its Report has indeed done a world of good to many economies by sensitising the reform-parroting political powers. In fact, what its confidential bundle of country-specific suggestions could not achieve in the past, this ....

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