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Authority for Advance Rulings (AAR) under GST : An Overview

Authority for Advance Rulings (AAR) under GST : An Overview     An Authority for Advance Rulings (AAR) is a platform to resolve the doubts regarding Goods and Services Tax on questions specified under the CGST act. An advance ruling helps the applicant in planning his activities, which are liable for payment of GST, well…

Reopening Notice Issued U/s 148 Merits To Be Quashed If Barred By Limitation Period Prescribed U/s 149: Jharkhand High Court

Reopening Notice Issued U/s 148 Merits To Be Quashed If Barred By Limitation Period Prescribed U/s 149: Jharkhand High Court   The copy of the order is as under:  

ITAT nullifies AO’s attempt to value property as per the DVO’s valuation:

ITAT nullifies AO’s attempt to value property as per the DVO’s valuation:   Sri Arijit Chakraborty verses ITO Case Number: I.T.A. No.287/Kol/2013 Facts: The assessee had sold his property whose sale value and market value evaluated by the Departmental Valuation Officer (DVO) at the time of sale, is different. On being asked to explain in…

Physical presence in India is essential to constitute service PE, virtually providing services do not constitute a service PE: ITAT

Physical presence in India is essential to constitute service PE, virtually providing services do not constitute a service PE: ITAT   Clifford Chance PTE Ltd. (ITA Nos. 2681 & 3377/Del/2023) Facts: 1. During the relevant AYs, the assessee entered into legal advisory contracts with the Indian clients. In AY 2020-21, part of the advisory services…

Section 263 proceeding based on mere audit objections without independent assessment is invalid: ITAT Jaipur

Section 263 proceeding based on mere audit objections without independent assessment is invalid: ITAT Jaipur   Pinkcity Jewelhouse Pvt. Ltd. Vs PCIT (ITAT Jaipur) Appeal Number : ITA No. 63/JP/2021 Facts: It was found by the ld. PCIT that assessee is transferring semi-finished goods from the Mahapura Unit (Non-deduction claiming unit) to Sitapura Unit(SEZ Unit…

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