ITAT disallows grossing up of TDS deducted on interest paid to AE
Lite-on Mobile India Pvt. Ltd. Vs DCIT (ITAT Chennai) dated 03 Nov 2021
Disallowing finance charges, which were allowed in earlier years, needs re-consideration – Matter remanded back to AO
Southern Hills Developers Pvt. Ltd. Vs DCIT (Karnataka High Court) dated 31 Aug 2021
Deduction allowable on loss suffered by assessee on Foreign Exchange Fluctuation Loss
PCIT Vs United Spirits Ltd. (Karnataka High Court) dated 02 Sept 2021
No interest expense disallowance when own fund exceeds capital work-in-progress
Axis Bank Limited Vs DCIT (ITAT Ahmedabad) dated 28 Oct 2021
Separate GST registration need not be obtained at the place of importation
In re Pine Subsidiary Industry (GST AAR Karnataka) dated 29/10/2021
AAR cannot give ruling on whether HSN or SAC needs to be mentioned in invoice
In re GEW (India) Pvt. Ltd. (GST AAR Karnataka) dated 08/11/2021
GST on job work services such as anodizing, plating, on goods/materials belonging to registered persons
In re ALCOATS (GST AAR Karnataka) dated 29 Oct 2021
Manpower services provided to Government entities not exempt from GST
In re Sree Vinayaka Enterprises (GST AAR Karnataka) dated 29/19/2021
AAR cannot give ruling on value for levy of IGST on imports
In re HDL Industries (GST AAR Karnataka) dated 29/10/2021
Corporate Laws
Gold smuggling not covered within the definition of terrorist act under Unlawful Activities (Prevention) Act
Mohammed Shafi P. Vs National Investigation Agency (Kerala High Court) dated 02 Nov 2021
Arbitrator has Substantial Discretion in Awarding Interest U/s. 31(7)(a) of Arbitration Act: SC
Punjab State Civil supplies Corporation Limited (SC dated 20/10/2021)
Regards,
Bipul Kumar
Business So Simple 