Forged Rent Deed used before GST Dept: P&H HC says ‘Petitioner do not Deserve the Concession of Anticipatory Bail [Read Order]

In a recent ruling, the Punjab & Haryana High Court has refused anticipatory bail to two accused in a forgery case involving a fake rent deed submitted before the GST…

Continue ReadingForged Rent Deed used before GST Dept: P&H HC says ‘Petitioner do not Deserve the Concession of Anticipatory Bail [Read Order]

Relief Denied in ₹100 Cr GST Fake ITC Case: Rajasthan HC Says ‘He Who Comes Into Equity Must Come With Clean Hands’ [Read Order]

The Rajasthan High Court has dismissed a writ petition filed by the petitioner in connection with an alleged ₹100 crore fake input tax credit (ITC) chain under the Goods and…

Continue ReadingRelief Denied in ₹100 Cr GST Fake ITC Case: Rajasthan HC Says ‘He Who Comes Into Equity Must Come With Clean Hands’ [Read Order]

Redevelopment Rights Not ‘Assets’ Under IBC if Agreement Lawfully Terminated Before Insolvency: SC [Read Order]

The Supreme Court has dismissed an appeal filed by a developer, which is undergoing corporate insolvency resolution, challenging a Bombay High Court order that permitted a housing society to appoint a new…

Continue ReadingRedevelopment Rights Not ‘Assets’ Under IBC if Agreement Lawfully Terminated Before Insolvency: SC [Read Order]

GST Authorities Cannot ‘Shy Away’ from Issuing Form GST MOV-09 when Amount Paid under Protest or Not: Allahabad HC [Read Order]

The Allahabad High Court has held that GST ( Goods and Services Tax ) authorities cannot avoid issuing Form GST MOV-09, irrespective of whether the penalty amount under Section 129 of…

Continue ReadingGST Authorities Cannot ‘Shy Away’ from Issuing Form GST MOV-09 when Amount Paid under Protest or Not: Allahabad HC [Read Order]

CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bench at Rajkot has upheld the addition of ₹3.99 crore made under Section 56(2)(viib) of the Income Tax Act, 1961, holding that the assessee’s…

Continue ReadingCA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]

GST Cancellation without reason is ‘Economic Death’ and Unlawful: Allahabad HC [Read Order]

The Allahabad High Court has set aside an order cancelling the GST registration criticizing the tax authority for passing a "non-speaking order" without providing any reasons. It is observed by…

Continue ReadingGST Cancellation without reason is ‘Economic Death’ and Unlawful: Allahabad HC [Read Order]