364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]

The tribunal observed that the delay was due to bona fide reasons The Income Tax Appellate Tribunal ( ITAT ) of Banglore in a recent case condoned a 364-day delay…

Continue Reading364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]

GST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108; Circular to Address ITC Issues

Wrong availment of Income Tax Credit lead to the decision by 54th GST Council Meeting The Union Finance Minister Nirmala Sitharaman chaired the 54th meeting of the GST Council today…

Continue ReadingGST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108; Circular to Address ITC Issues

Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Report’s Authenticity [Read Order]

The petitioner was granted liberty to present additional evidence, which must be considered by the AO in accordance with the law A fresh opportunity to establish the authenticity of the…

Continue ReadingTax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Report’s Authenticity [Read Order]

GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]

The court noted that this error warranted setting aside the cancellation order and reinstating the GST registration In a recent ruling, the Karnataka High Court has directed the GST (…

Continue ReadingGST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]

GST Council to issue Clarification Soon on ITC Availability on Demo Cars for Dealers of Vehicle Manufacturers

Currently, the GST law allows businesses to claim ITC on goods used for business purposes, but it has been unclear whether demo cars fall under this provision In the press…

Continue ReadingGST Council to issue Clarification Soon on ITC Availability on Demo Cars for Dealers of Vehicle Manufacturers

SCN Fails to Provide Specific Details on Alleged Fraud or Misstatement: Delhi HC Sets Aside GST Registration Cancellation [Read Order]

The SCN failed to provide specific allegations of fraud, misstatement, or suppression of facts In a recent ruling, the Delhi High Court has set aside the cancellation of Goods and…

Continue ReadingSCN Fails to Provide Specific Details on Alleged Fraud or Misstatement: Delhi HC Sets Aside GST Registration Cancellation [Read Order]

Income Tax Department issues Refund Failure Notices for the reason “PAN not linked with Bank Account”

This issue has sparked frustration among taxpayers, many of whom claim to have been using the same bank account for years, without previously facing such problems In a recent development,…

Continue ReadingIncome Tax Department issues Refund Failure Notices for the reason “PAN not linked with Bank Account”

Delhi HC dismisses Petition Challenging Bail in Rs.200 Crore fake GST invoice Case: Statutory Bail u/s 167 Recognized as Constitutional Right [Read Order]

The Delhi HC observed that Section 167(2)(a)(ii) of the CrPC has been recognized by the apex court as a constitutional right to bail when procedural delays occur In a recent…

Continue ReadingDelhi HC dismisses Petition Challenging Bail in Rs.200 Crore fake GST invoice Case: Statutory Bail u/s 167 Recognized as Constitutional Right [Read Order]