Delhi HC quashes Revision of Assessment on failure to enquire about Unexplained Cash Deposit found credited in Bank Account [Read Order]

The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is…

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Non-Issuance of notice u/s 143(2) of Income Tax Act is not Curable Defect: ITAT quashes Assessment Order [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order and observed that non-issuance of notice under Section 143(2) of the Income Tax Act, 1961 is not…

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No Disallowance of ITC for wrong mention of GSTIN of Recipient in Form GSTR-1: Allahabad HC [Read Order]

A Division Bench of the Allahabad High Court held that Goods and Services Tax (GST) Input Tax Credit (ITC) should not be disallowed solely based on wrong mention of the…

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Validity of Orders issued without DIN: Income Tax Dept set to move SC against HC Rulings

In a significant legal development, the Income Tax Department is gearing up to appeal a recent Delhi High Court ruling that deemed Income Tax assessment orders without a Document Identification…

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Income Tax Dept can proceed against Employer for Recovery of Deducted Tax from Employee: Delhi HC [Read Order]

The Delhi High Court observed that the Income Tax Department can proceed against employer for recovery of deducted tax from the employee. The factual position pleaded by the petitioner, Chintan…

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Kerala HC Disposes of Writ Petition With Liberty to Petitioner to Approach GST Appellate Authority [Read Order]

The Kerala High Court disposed of the writ petition with liberty to the petitioner to approach the Goods and Service Tax (GST) Appellate authority. Parameswaran E C, the petitioner seeking…

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CBIC notifies updated Customs Tariff Values of Palm Oil, Gold, Silver and Areca Nuts [Read Order]

The Central Board of Indirect Taxes & Customs (CBIC), vide notification no.  86/2023-CUSTOMS (N.T.) has notified the amendment in tariff values of crude palm oil, Gold, Silver and Areca Nuts…

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Curbing Fraud: Government Plans Possible 4-Hour Delay for First UPI Transfers Above Rs. 2,000.

The government is actively exploring the implementation of a minimum time requirement for transactions exceeding a specific amount, particularly for initial interactions between two individuals. This initiative aims to combat…

Continue ReadingCurbing Fraud: Government Plans Possible 4-Hour Delay for First UPI Transfers Above Rs. 2,000.

Corporate Veil of Company will be Lifted when Fraud or Improper Conduct Results in Tax Evasion under Excise Act, 1944: Delhi HC [Read Order}

The Delhi High Court corporate veil of the company will be lifted when fraud or improper conduct results in tax evasion under the Excise Act, 1944. Punjab Expo Breweries Pvt…

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