GST Recovery and Hearing Notices ignored: Madras HC orders 25% Pre-Deposit from Cash Ledger for Fresh Consideration [Read Order]

Top Stories GST Recovery and Hearing Notices ignored: Madras HC orders 25% Pre-Deposit from Cash Ledger for Fresh Consideration [Read Order] It was directed to treat the previous order as…

Continue ReadingGST Recovery and Hearing Notices ignored: Madras HC orders 25% Pre-Deposit from Cash Ledger for Fresh Consideration [Read Order]

No Blocking of GST ITC w/o ‘Reasons to Believe’ and Opportunity for Hearing: Karnataka HC [Read Order]

Top Stories No Blocking of GST ITC w/o ‘Reasons to Believe’ and Opportunity for Hearing: Karnataka HC [Read Order] The ruling reinforces that ITC blocking is a severe and exceptional…

Continue ReadingNo Blocking of GST ITC w/o ‘Reasons to Believe’ and Opportunity for Hearing: Karnataka HC [Read Order]

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]