Latest update 01.09.2024

A. Amendment

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Relaxation on the qualification for appointment as a Technical Member (State) – Odisha State GST

The Government of Odisha gives relaxation to the qualification for appointment as a Technical Member (State) in the State Benches of GSTAT

Notification no. 101/2024 dated 30.08.2024- Income tax

Central Board of Direct Taxes (CBDT) issued notification no. 101/2024 dated 30.08.2024 vide which the Central Government hereby approves ‘Advanced Manufacturing Technology Development Centre (PAN: AAEAA9272B), Chennai’ as..

🔔 Webinar on 5th September, 2024 at 2;30 pm by CA Mohit Gupta on topic: How to pick holes in SCN? with focus on challenging invocation of sec. 74. Click here to register

B. Article

Seizure of cash and silver bars recovered during search is not sustainable-

by CA Bimal Jain

The Hon’ble Supreme Court in the case of Deepak Khandelwal dismissed the SLP, upheld the decision of the Hon’ble Delhi High Court, wherein the Court directed to return the seized currency and other valuable assets to the Assessee and held that the Revenue Department has no power to seize cash and any other items under Section 67 of the CGST Act.

Assessee should be granted opportunity of personal hearing

by CA Bimal Jain

The Hon’ble Madras High Court in Haarine Associates set aside an assessment order because the order was issued without providing an opportunity to address the discrepancies.

C. GST Note

Capsule-01-on-GST Circulars

25 slides are added in this capsule

Author CMA Anil Sharma

D. Tax in Media

New database on registration status of charities for taxation clarity

CBDT has instructed its officials to create a new database of charitable institutions to track their registration status under different provisions of the Income-Tax (I-T) Act. The intent is to eliminate discrepancies in tax filings and claims of exemption.


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