CBDT authorised CIT to admit and process application filed before Interim Board by extended due date of 30-09-21

To provide relief to the taxpayers who were eligible to file application as on 31.01.2021, but could not file the same due to cessation of ITSC vide Finance Act, 2021,…

Continue ReadingCBDT authorised CIT to admit and process application filed before Interim Board by extended due date of 30-09-21

Ministry of Consumer Affairs notifies Central Consumer Protection Authority (Annual report) Rules, 2021

The Ministry Of Consumer Affairs, Food And Public Distribution has notified the Central Consumer Protection Authority (Annualreport) Rules, 2021. The norms require the Central Authority to prepare Annual Report in…

Continue ReadingMinistry of Consumer Affairs notifies Central Consumer Protection Authority (Annual report) Rules, 2021

No assessment based on documents found during survey of third person if such docs. don’t contain assessee’s name: ITAT

INCOME TAX : Where pursuant to search/survey at business premises of one BRG Infra, certain documents were found and Assessing Officer recorded his satisfaction that these documents belonged to assessee…

Continue ReadingNo assessment based on documents found during survey of third person if such docs. don’t contain assessee’s name: ITAT

RBI asks banks to use any other reference rate instead of LIBOR for an ‘Export-Import’ transactions

In view of the impending cessation of LIBOR as a benchmark rate, the RBI has decided to permit AD banks to use any other widely accepted/Alternative reference rate in the…

Continue ReadingRBI asks banks to use any other reference rate instead of LIBOR for an ‘Export-Import’ transactions

Refund sanctioned after relying on judicial legal precedents and clarifications issued by Board can’t be termed as erroneous refund: CESTAT

EXCISE/ST/VAT : Freight includible in assessable value when point of sale is buyer's premisesEXCISE/ST/VAT : Freight includible in assessable value when point of sale is buyer's premiseswww.taxmann.com Latest Case LawsRead…

Continue ReadingRefund sanctioned after relying on judicial legal precedents and clarifications issued by Board can’t be termed as erroneous refund: CESTAT