Lower Authorities passed Orders Overlooking SC Precedents: ITAT directs AO to Reconsider 80P deduction under Income Tax [Read Order]

The tribunal noted that crucial Supreme Court rulings on Section 80P(2)(a)(i) related to cooperative societies were overlooked by the AO and CIT(A) In a recent ruling, the Banglore bench of…

Continue ReadingLower Authorities passed Orders Overlooking SC Precedents: ITAT directs AO to Reconsider 80P deduction under Income Tax [Read Order]

GSTR Filing delayed due to Ill-Health: Madras HC grants Firms 45 Days to Reclaim Cancelled GST Registration [Read Order]

The court directed the petitioners to file the necessary tax returns for the periods preceding the cancellation of their GST registrations The Madras High Court recently issued a common order…

Continue ReadingGSTR Filing delayed due to Ill-Health: Madras HC grants Firms 45 Days to Reclaim Cancelled GST Registration [Read Order]

Appeal Before CIT(A) cannot be dismissed on Technical Grounds without Sufficient Reason for Non-Payment of Advance Tax: ITAT [Read Order]

The tribunal found that the assessee provided a valid explanation for the delay due to partner disputes and fund withdrawal issues. The Bangalore bench of Income Tax Appellate Tribunal (…

Continue ReadingAppeal Before CIT(A) cannot be dismissed on Technical Grounds without Sufficient Reason for Non-Payment of Advance Tax: ITAT [Read Order]

ITAT Condones 288-Day delay due to Notices sent to Wrong Email ID, Remands Stock undervaluation matter to CIT(A) [Read Order]

Considering the delay caused due to notices being sent to the wrong email ID, ITAT condoned and remanded the matter to CIT(A) The Bangalore Bench of Income Tax Appellate Tribunal…

Continue ReadingITAT Condones 288-Day delay due to Notices sent to Wrong Email ID, Remands Stock undervaluation matter to CIT(A) [Read Order]

Jharkhand HC upholds GST ITC Time Limit u/s 16(4) and GSTR 3B validity under Amendment to Rule 61(5) of CGST Act [Read Order]

Jharkhand HC dismisses M/s Rewinder Techno Electricals’ challenge to GST ITC time limit u/s 16(4) and GSTR-3B validity under the amendment to Rule 61(5), citing recommendations from the GST Council.…

Continue ReadingJharkhand HC upholds GST ITC Time Limit u/s 16(4) and GSTR 3B validity under Amendment to Rule 61(5) of CGST Act [Read Order]

ITAT invalidates Reassessment under Income Tax Act as Alleged Transaction already shown on Return Filed: Calcutta HC dismisses Appeal [Read Order]

The court upheld the Tribunal's view that the reopening of proceedings was flawed, as the alleged transaction had already been disclosed in the books and in the Income Tax Return…

Continue ReadingITAT invalidates Reassessment under Income Tax Act as Alleged Transaction already shown on Return Filed: Calcutta HC dismisses Appeal [Read Order]