High Court ruled notice u/s 148 invalid due to time limit of 10 years. Previous assessment upheld.: The High Court addressed the issue of reopening assessment u/s 147 and the time limit for notice u/s 149. The petitioner received a notice u/s 153C after a search operation in 2019, leading to an assessment order in 2023. The petitioner had appealed successfully against disallowances u/s 40(a)(ia) in the original assessment u/s 143(3). A subsequent notice u/s 148 related to a search in 2022, limited to AY 2014-15 per Section 149(1) proviso. Referring to Filatex India Ltd. and Ojjus Medicare Pvt. Ltd., the Court found AY 2013-14 outside the ten-year block period u/s 153C and 153A, making the notice unsustainable. http://dlvr.it/T8MwSd #HighCourt #TaxLaw #LegalDecision #TimeLimit #InvalidNotice
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Central Govt exempts Unit Run Canteen supply of goods under 2202 heading to authorized customers from GST Compensation Cess, effective 15/07/2024. http://dlvr.it/T9XvNR #GSTReforms #TaxExemption #UnitRunCanteen #CompensationCess #TaxLaw
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Railways exempts platform tickets, waiting rooms, battery cars, inter-zonal services, SPV infrastructure usage maintenance. Accommodation up to ₹20k/month for >= 90 days exempted. http://dlvr.it/T9XvN5 #RailwaysIndia #GSTExemptions #TaxReforms #TransportationServices
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Notice by non-Faceless Officer for escaped income invalid. Faceless assessment mandatory. Officer ignored submissions on project completion method. Assessee wins appeal. http://dlvr.it/T9Xpy2 #Tax #Assessment #FacelessScheme #JurisdictionIssue #AppealAllowed
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Impugned notice quashed due to lack of sanction for reopening assessment beyond 3 years, violating Section 151(ii). Notification can't override statute. http://dlvr.it/T9Xpy1 #TaxLaw #Assessment #Reopening #Sanction #StatutoryCompliance
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Refund: Unjust enrich Invoices - didn't mention duty. Stock transfers between units. Appellant bore duty burden. Price difference due to gold rate. Refund eligible. http://dlvr.it/T9XP8m #LegalPrecedent #TaxRefund #JudicialReview #FairTrade #JusticeServed
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Seeks to amend Notification No. 12/2017-Union Territory Tax (Rate), dated the 28th June, 2017 http://dlvr.it/T9XP88 #GST #Notifications #TaxLaws #TaxTMI
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Central Government exempts supply of goods falling under the heading 2202 by a Unit Run Canteen (URC) to authorised customers, from the whole of the Goods and Services Tax Compensation Cess leviable thereon under section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 http://dlvr.it/T9XKBd #GST #Notifications #TaxLaws #TaxTMI
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Recognition of BSE Limited as Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser Administration and Supervisory Body (IAASB) http://dlvr.it/T9XFJP #TaxLaws #Circulars #TaxTMI
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Seeks to amend Notification No. 14/2020-Customs (ADD) dated 9th June, 2020 in order to change the name of the producer viz. “ Shell Eastern Petroleum (Pte) Ltd ” to “Shell Singapore Pte. Ltd.”, in pursuance of DGTR recommendation . http://dlvr.it/T9XFJB #Customs #Notifications #TaxLaws #TaxTMI
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Seeks to amend Notification No. 2/2017-Union Territory Tax (Rate), dated the 28th June, 2017 http://dlvr.it/T9X9VM #GST #Notifications #TaxLaws #TaxTMI
