Updates-Income Tax, International Taxation & Transfer Pricing
| Area | SC/HC/CBDT/CBIC/TRIBUNAL/AAR ETC. | Heading |
| *Income tax* | Madras HC | *HC couldn’t grant relief if there was no perversity ITAT’s part in not granting interim order for stay of demand* |
| *Income tax* | CBDT | *CBDT releases FAQs on Unique Identification Number (UDIN)* |
| *Income tax* | Gujarat HC | *Additions under section 69B couldn’t be made merely relying on confession statement obtained during search* |
| *Income tax* | Madras HC | *Benefit arising on surrender of Keyman Insurance Policy taxable as perquisites in hands of employee: Madras High Court* |
| *Income tax* | Bombay HC | *NSE could not be fastened with liability for defaults committed by its members or brokers at time of collecting STT* |
| *Income tax* | Madras HC | *Activities of trust could not be held non-charitable on mere fact that trust has earned certain revenue* |
| *Income tax* | Karnataka HC | *Prior period expenses not deductible while computing book profits u/s 115JB* |
| *Income tax* | Madras HC | *Interest income earned on deposits made in ordinary course of business eligible for exemption u/s 10A* |
| *Income tax* | Karnataka HC | *Professional services include incidental or ancillary services connected with carrying on medical profession* |
| *Income tax* | CBDT Press Release | *CBDT Press Release: Tax Dept. conducts search action on group of leading Coal Traders in Assam* |
| *International taxation* | Mumbai – Trib. | *Interest income received by foreign bank operating in India through liaison office taxable as per article 11 of DTAA* |
| *Transfer Pricing* | Delhi – Trib. | *Provisions of sec. 195 not applicable if salaries of seconded employees were born by assessee* |
Updates-Goods and Service Tax (GST)
| Area | SC/HC/CBDT/CBIC/TRIBUNAL/AAR ETC. | Heading |
| *GST* | Bombay HC | *Declaration under Sabka Vishwas Scheme, 2019 not to be rejected for ST dues quantified before 30-6-2019* |
| *GST* | Kerala HC | *Amount wrongly refunded to assessee can’t be recovered by revenue: Kerala HC* |
| *GST* | AAR-HIMACHAL PRADESH | *Non-woven fabric, made by using PP granules, is classifiable under Heading No. 5603: AAR HP* |
| *GST* | Calcutta HC | *During the time limit of appeal to Tribunal, Dept. can recover tax maximum up to 20% as per sec 112(8) : Cal. HC* |
| *GST* | GUJ HC | *Constitutional validity of condition of tax payment by supplier to claim ITC by recipient challenged before GUJ HC* |
| *GST* | Kerala HC | *Assessee was allowed to file GSTR 1 & pay taxes in instalments due to insufficient funds : Kerala HC* |
| *GST* | AAAR-MAHARASHTRA | *Support Services for facilitating Investment Consultancy/Permanent Residence Advisory services to be treated as Intermediary Services* |
| *GST* | AA – GST – AP | *Refund of excess credit of Excise can be claimed under Excise Act, not under GST: App. Authority AP* |
| *GST* | AAAR-MAHARASHTRA | *Charitable Society and its joint venture establishment with Govt. to be treated as separate persons: AAAR MH* |
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