Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]

For claiming income tax deduction under Section 36(1)(va), the employer should deposit the ESI and PF on time The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT )…

Continue ReadingEmployers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]

S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]

It was ruled that a deduction under Section 54F of the Income Tax Act can be claimed if long-term capital gains are invested in residential property The Ahmedabad bench of…

Continue ReadingS.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]

ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]

The bench the assessee is entitled to weighted deduction in association with the expenses incurred on clinical trials The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) …

Continue ReadingITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]

Failure to Submit Oral or Document Evidence confirms GST Liability: Madras HC remands for Reconsideration [Read Order]

The Madras High Court remanded the order confirming the GST liability due to failure to submit oral or document evidence. The matter was remanded for reconsideration on 10% pre-deposit. The…

Continue ReadingFailure to Submit Oral or Document Evidence confirms GST Liability: Madras HC remands for Reconsideration [Read Order]

Delhi HC remands Rs. 17 Crore Demand Order u/s 73 of GST Act for Fresh Decision due to Lack of Reasons [Read Order]

The adjudicating authority was directed to examine whether the order under Section 73 of the GST Act was barred by limitation The Delhi High Court has set aside an order…

Continue ReadingDelhi HC remands Rs. 17 Crore Demand Order u/s 73 of GST Act for Fresh Decision due to Lack of Reasons [Read Order]

No Valid Reason for Cancellation During Period of Duly Filed GST Returns: Delhi HC Sets Aside GST Registration Cancellation [Read Order]

There was no valid reason for the cancellation during the period when the petitioner had duly filed their returns. The division bench of the Delhi High Court has set aside…

Continue ReadingNo Valid Reason for Cancellation During Period of Duly Filed GST Returns: Delhi HC Sets Aside GST Registration Cancellation [Read Order]

Gujarat HC stays GST SCN issued on Transaction of Assignment of Long Term Leasehold Rights [Read Order]

This stay provides temporary relief to the petitioner until the court reaches a decision on the pending matters. In a recent ruling, the Gujarat High Court has stayed the Show…

Continue ReadingGujarat HC stays GST SCN issued on Transaction of Assignment of Long Term Leasehold Rights [Read Order]

GST liability confirmed on Purchase and Sales Turnover Mismatch: Madras HC allows Hearing Opportunity on 10% Pre-Deposit

The tax proposal pertains to a mismatch between the purchase turnover and sales turnover The Madras High Court has granted a hearing opportunity for cases where GST liability was confirmed…

Continue ReadingGST liability confirmed on Purchase and Sales Turnover Mismatch: Madras HC allows Hearing Opportunity on 10% Pre-Deposit

GSTR 3B and GSTR 2A Mismatch: Madras HC sets aside GST Demand Order due to Lack of Reasoning, remands for Reconsideration [Read Order]

The respondent was directed to provide a reasonable opportunity to the petitioner, including a personal hearing, and issue a fresh order within three months The Madras High Court has set…

Continue ReadingGSTR 3B and GSTR 2A Mismatch: Madras HC sets aside GST Demand Order due to Lack of Reasoning, remands for Reconsideration [Read Order]