CBIC issues instructions providing manner of processing & sanctioning refunds of IGST paid by risky exporters

Instruction No. 04/2022, dated 28-11-2022 … Continue reading "CBIC issues instructions providing manner of processing & sanctioning refunds of IGST paid by risky exporters" The post CBIC issues instructions providing manner of processing & sanctioning refunds of IGST paid by risky exporters appeared first on Taxmann Blog.

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Where no reason was mentioned in SCN for cancellation of GST registration, HC set aside order for cancellation

Case Details: Balaji Enterprises v. … Continue reading "Where no reason was mentioned in SCN for cancellation of GST registration, HC set aside order for cancellation" The post Where no reason was mentioned in SCN for cancellation of GST registration, HC set aside order for cancellation appeared first on Taxmann Blog.

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[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263

Amit Kumar Gupta – [2022] … Continue reading "[Opinion] Audit Objections cannot be the sole basis for Revision u/s 263" The post [Opinion] Audit Objections cannot be the sole basis for Revision u/s 263 appeared first on Taxmann Blog.

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Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC

Case Details: PCIT v. Padma … Continue reading "Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC" The post Sec. 263 revision initiated by CIT second time to cancelling non-existing original assessment order isn’t tenable: HC appeared first on Taxmann Blog.

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RBI announces the launch of the first pilot for retail digital Rupee currency

Press Release: 2022-2023/1275, Dated 29.11.2022 … Continue reading "RBI announces the launch of the first pilot for retail digital Rupee currency" The post RBI announces the launch of the first pilot for retail digital Rupee currency appeared first on Taxmann Blog.

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[Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements

Ind AS 1, Presentation of … Continue reading "[Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements" The post [Illustrative Checklist] Disclosure requirements under Ind AS 1 | Presentation of Financial Statements appeared first on Taxmann Blog.

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Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case

Case Details: Rana Kapoor v. … Continue reading "Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case" The post Delhi HC grants bail to Yes Bank founder Rana Kapoor in Rs. 66.51 crores money laundering case appeared first on Taxmann Blog.

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HC rejected Anticipatory Bail considering gravity of offence as applicant was involved in fraudulent ITC claim

Case Details: Rajesh Kumar Dudani … Continue reading "HC rejected Anticipatory Bail considering gravity of offence as applicant was involved in fraudulent ITC claim" The post HC rejected Anticipatory Bail considering gravity of offence as applicant was involved in fraudulent ITC claim appeared first on Taxmann Blog.

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