Dr. M. Govindarajan
Dr. M. Govindarajan is now a practising Company Secretary and Insolvency Professional. He worked in the Department of Telecom and BSNL for nearly 39 years. He retired as Accounts Officer with effect from 31.03.2018. His main area is handling litigation in all Civil Courts including High Courts. He handled service tax matters. His articles (nearly 3000) have been published in various law journals and professional journals. He has written 5 professional books. Native of Madurai in Tamil Nadu.
Direct Tax
Unexplained Sundry Credits Without Proof of Source Can’t Be Treated as Business Income for Deduction: Madras High Court
The Madras High Court has held that sundry credits, whose source and identity remain unproven, cannot be treated as business income for claiming deductions under Sections 80-IA/80-IB of the Income Tax Act, 1961, instead the amounts must be taxed as unexplained income under Section...
Indirect Taxes
Gold Carrier Liable for Penalty Even Without Ownership Proof; CESTAT Reduces Fine to Rs. 1 Lakh
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has held that a person found carrying smuggled gold cannot escape penalty merely by claiming to be a carrier. However, the penalty was reduced from Rs. 6 lakh to Rs. 1 lakh.The bench...
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Tax Experts
SEARCH BY AUTHORITIES IN THE PREMISES AFTER SUNSET
The investigation, search and seizure are covered under the provisions of criminal procedure code,...
Tax Experts
Payment Of Pre-Deposit For Filing Appeals Under GST Law
The Central Goods and Services Tax Act, 2017 provides for filing appeals. The first...
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Direct Tax
Unexplained Sundry Credits Without Proof of Source Can’t Be Treated as Business Income for Deduction: Madras High Court
The Madras High Court has held that sundry credits, whose source and identity remain...
Indirect Taxes
Gold Carrier Liable for Penalty Even Without Ownership Proof; CESTAT Reduces Fine to Rs. 1 Lakh
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has held that...
Indirect Taxes
Mere Stock Shortage Without Evidence of Leakage or Accounting Error Attracts Excise Duty, But No Penalty: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has held that...
Indirect Taxes
Refund of Anti-Dumping Duty Mandatory Even Without Application; Unjust Enrichment Can’t Be Presumed from Accounting Entries: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal, Mumbai Bench has held that refund...