• March 4, 2023

Case Details: Apex Formulations (P.) Ltd. v. Union of India - [2023] 148 taxmann.com 47 (Gujarat) Judiciary and Counsel Details A.J. Desai & Ms Nisha M. Thakore, JJ. Uchit N. Sheth for the Petitioner. Ankit Shah & Priyank P Lodha for the Respondent. Facts of the Case The petitioner was engaged in the manufacture and sale of medicines. […]

• March 4, 2023

Publish Date : Tuesday, February 28, 2023 source

• March 3, 2023

Press Release dated Match 1st, 2023 The gross GST revenue collected in the month of February 2023 is Rs. 1,49,577 crores. The revenues for the month of February 2023 are 12% higher than the GST revenues in the same month last year, which was Rs. 1,33,026 crores. This month witnessed the highest cess collection of […]

• March 2, 2023

Case Details: Chandrashekhar Sadashiv Potphode v. DCIT - [2023] 147 taxmann.com 260 (Pune-Trib.) Judiciary and Counsel Details S.S. Godara, Judicial Member & G.D. Padmahshali, Accountant Member Ms Vishaka & Satish Shanbhag for the Appellant. Suhas Kulkarni, for the Respondent. Facts of the Case Assessee, a resident individual, filed its return of income for the relevant assessment year by […]

• March 2, 2023

Publish Date : Wednesday, March 1, 2023 source

• March 1, 2023

Case Details: Silver Spark Apparel Ltd. v. DCIT - [2023] 147 taxmann.com 500 (Mumbai-Trib.) Judiciary and Counsel Details Aby T Varkey, Judicial Member & Gagan Goyal, Accountant Member Madhur Agrawal, Adv. for the Appellant. Chetan M. Kacha, Sr. DR for the Respondent. Facts of the Case Assessee, a private limited company, filed its return of income for the […]

• February 28, 2023

Yash Gupta – [2023] 147 taxmann.com 538 (Article) Introduction The Insolvency and Bankruptcy Code, 2016 (IBC) is a comprehensive legislation that aims to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate entities, partnership firms, and individuals in a time-bound manner. One of the key features of the IBC is the […]

• February 27, 2023

Harshal Bhuta, Naisar Shah, and Laxmi Ahirwar – [2023] 147 taxmann.com 483 (Article) 1. Background of TCS provisions under the Income Tax Act 1.1 Before the enactment of the Finance Act 2020, the provision of Section 206C of the Income Tax Act (‘ITA’) provided for the collection of tax at source (‘TCS’) on the business […]

• February 26, 2023

General Circular No. 04/2023, dated 22.02.2023 | General Circular No. 03/2023, dated 07.02.2023 | General Circular No. 01/2023, dated 09.01.2023 Earlier, the MCA intimated through General Circular No. 01/2023, dated 09.01.2023 that 45 e-forms including PAS 6, DIR 12, DIR 11, DIR 3, etc to be shifted to V3 portal with effect from 23.01.2023. Thus, […]