News Update

GST compliances - A constructive move towards automationCX - Buyer's premises can never be the place of removal, therefore, freight charges from factory/depot/consignment agent up to the buyer's premises cannot be included in the assessable value, even if the goods are sold or delivered at the buyer's premises: CESTATST - Objection of the Department that appellant has not debited the cenvat credit account before filing refund claim is not factually correct - ST-3 return clearly evidences the same: CESTATBogus purchases - additions framed warrant being restricted to the profit element embedded therein: ITATRe-assessment proceedings cannot be initiated in respect of an issue which is not listed in the grounds for initiating re-assessment: ITATAn AO cannot resort to re-opening of assessment so as to revisit an issue which already was touched upon during original assessment: ITATSearch assessment u/s 153A is non est where initiated in respect of a non existent entity: ITATDeduction is not allowed in respect of provisions made for expenses to be incurred in future: ITATAir pollution in National Capital - SC defers order appointing one-man panel headed by Justice Madan Lokur as Centre promises new lawUK Court dismisses Nirav Modi’s bail petitionCoal Scam - Former Coal Minister Dilip Ray sentenced to 3 year jail termUS Secretary of State Pompeo land in New Delhi for 2+2 agreementReliance Retail decides to proceed with completion of transactions with Future Group irrespective of Amazon obtaining stay from Singapore-based arbitratorCOVID-19: RBI Governor tests positive + India’s recovery rate goes past 90%
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