Government of Bihar Commercial Taxes Department File No.- Bikri-kar/Vividh-28/2018/1769 Dated- 23.09.2020 From: Dr. Pratima, Commissioner State Tax-cum-Secretary, Bihar, Patna. To. All Additional Commissioner, All Circle Incharge, Bihar. Subject: -reg. Ref: CBIC Circular No. 138/08/2020- GST dated 06.05.2020 CBIC Circular No.136/06/2020-GST. dated 03.04.2020 and Circular No.137/07/2020-GST, dated 13.04.2020 had been is... ... ...

SHRI NARENDRA KUMAR BILLAIYA, HON'BLE ACCOUNTANT MEMBER AND SHRI RAHUL CHAUDHARY, HON'BLE JUDICIAL MEMBER For the Assessee : Shri Farrokh Irani/ Shri Vishal Shah & Shri Jairaj Purandare & Ms. Shibank Bakshi, A/Rs For the Revenue : Shri Anil Sant, Addl. CIT, D/R ORDER PER NARENDRA KUMAR BILLAIYA, AM : I.T.A. No. 3407 & 4710/Mum/2023, are two separate appeals by the assessee preferred against the two separate orders dt. 31/07/2023 and 26/10/2023 framed u/s 143(3) r.w.s. 144C(13) of ... ... ...

Penalty for accepting cash sale consideration under Section 269SS was unsustainable where an agriculturist acted under a bona fide belief about tax requirements and urgently needed funds. The cash receipt was disclosed in a revised return before reassessment proceedings began. Consistent treatment was also required because penalty proceedings relating to the identical land-sale transaction had been dropped for a co-owner. Penalty under Section 271D was therefore deleted.

Leave encashment exemption u/s 10(10AA)(ii) for non-government employees - Beneficial enhancement of notified exemption ceiling Entitlement of a retired public-sector employee to the enhanced exemption limit for leave encashment under section 10(10AA)(ii) for AY 2020-21 - HELD THAT: - Following the coordinate Bench decision on identical facts in Balasubramanian Venkatachalaperumal [2026 (5) TMI 946 - ITAT CHENNAI] the Tribunal accepted that the enhanced notified limit for exemption of retirem... ... ...

Statutory appeal against customs advance ruling - Customs duty exemption for computer monitors principally used with automatic data processing machines Statutory appeal against customs advance ruling - Maintainability of an appeal against an order of the Customs Authority for Advance Rulings. - HELD THAT: - The retrospective amendment to section 28-KA replaced the erstwhile appellate authority with the High Court and deleted the earlier statutory definition of appellate authority. Consequentl... ... ...

Validity of penalty notice u/s 270A - non Specific charge in penalty notice u/s 270A - Natural justice in penalty proceedings Non specific charge in penalty notice u/s 270A - Natural justice in penalty proceedings - HELD THAT: - Under-reporting of income and under-reporting in consequence of misreporting are distinct statutory charges carrying separate conditions and rates of penalty. The show-cause notices merely referred to both charges without identifying the charge invoked or the applicab... ... ...

Deduction u/s 80P(2)(d) for interest from deposits with co-operative banks - Eligibility of a primary agricultural co-operative credit society for deduction under section 80P(2)(d) in respect of interest earned on deposits of surplus funds with co-operative banks HELD THAT: - The Court held that the claim was governed by section 80P(2)(d), which allows deduction of interest derived by a co-operative society from investments with another co-operative society. The precedent dealing with deducti... ... ...

Jurisdiction under section 153C for seized documents - Mandatory satisfaction regarding documents pertaining or relating to other person Satisfaction of Assessing Officer of searched person - Documents pertaining or relating to other person - Validity of initiation of proceedings under section 153C on the basis of notebooks and notepads seized from the searched person - HELD THAT: - For seized books of account or documents, the post-amendment requirement is that the Assessing Officer of the s... ... ...

HON'BLE MR. JUSTICE UDAY UMESH LALIT, HON'BLE MS. JUSTICE INDIRA BANERJEE AND HON'BLE MR. JUSTICE K.M. JOSEPH For the Petitioner : Mr. Mukul Rohatgi, Sr. Adv. Dr. A.M. Singhvi, Sr. Adv. Mr. Vivek Kohli, Sr. Adv. Mr. Nalin Talwar, Adv. Mr. Amish Tandon, Adv. Mr. Sameer Abhyankar, AOR For the Respondent : None ORDER This petition under Article 32 of the Constitution of India has been filed seeking following principal relief: "A. Pass a writ of mandamus or any other... ... ...

Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.

GST paid on cancelled service-contract advances is adjusted through a credit note where an invoice was issued; a separate refund claim is required only where no output tax liability is available for adjustment. Where no invoice was issued, a refund voucher must be issued and GST may be claimed through FORM GST RFD-01. Invoiced goods returned by recipients are similarly addressed through credit notes. COVID-19 compliance relief extended the deadline for furnishing the Letter of Undertaking, filing GSTR-7 and depositing deducted tax, and filing eligible refund applications to 30 June 2020.

Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.

PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.

GST-TDS applies to payments to contractors, suppliers and vendors from 1 October 2018. Deductors must withhold tax at payment, release only the net amount, generate a GST Portal challan, and deposit the deducted amount through prescribed banking modes rather than book transfer. Drawing and disbursing officers must register for GSTIN, maintain separate GST-TDS accounts, file returns by the tenth day of the following month, and issue TDS certificates. The deposited amount is credited through the GST system to the deductor's electronic cash ledger.

Penalty for concealment or inaccurate particulars is not leviable on additional income disclosed in a valid revised return accepted in assessment, unless the return itself contains false, inaccurate or undisclosed particulars. Survey proceedings alone do not establish concealment for this purpose. Failure to strike off an inapplicable limb in a penalty notice does not invalidate proceedings where the assessment and penalty orders clearly identify concealment as the charge. Satisfaction for initiating penalty need not follow a prescribed form; a recorded concealment charge and the statutory deeming effect of the assessment-order direction suffice.

For GSTR-3B returns for February, March and April 2020, original due dates remained unchanged, but eligible taxpayers received nil or reduced interest and waiver of late fee if returns were filed within stipulated timelines. Non-compliance with those timelines attracted interest at 18% from the original due date, regular late fee and potential penalty. Late fee relief applied to specified GSTR-1 filings, while the rule 36(4) input tax credit restriction was applied cumulatively through the September 2020 return. Specified returns, tax collection statements, e-way bills and other compliance actions also received extended timelines.

Penalty for concealment of income or furnishing inaccurate particulars under Section 271(1)(c) is not sustained merely because additional income was disclosed after a survey. Where the revised return fully includes that income and scrutiny assessment accepts the returned income without addition or variation, complete disclosure does not establish concealment or inaccurate particulars. On materially identical facts, the penalty was considered unjustified and deleted.

Electricity transmission charges were treated as not subject to tax deduction at source as fees for technical services, so disallowance for non-deduction of tax could not be made on that basis. The deletion of the related disallowance remained intact because earlier years' treatment disclosed no distinguishing facts. Expenditure disallowance linked to exempt income required fresh factual verification because the earlier basis for deletion had been remitted for reconsideration. The Assessing Officer must examine whether exempt income was earned and, if so, the applicability and quantification of the disallowance.

Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.

Advertisement, marketing and promotion expenditure and transfer-pricing comparability were governed by an earlier binding decision that was adverse to the Revenue. The advertisement, marketing and promotion issue was resolved in favour of the assessee. The earlier decision also supported exclusion of the identified company from the comparable set, resolving that transfer-pricing comparability issue in favour of the assessee. Both substantive issues therefore followed the prior binding determination against the Revenue.