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GSTN releases Offline Utility for GST Annual Return and Reconciliation Statements for FY 2023-24
Top Stories GSTN releases Offline Utility for GST Annual Return...
GSTN issues Important Advisory on IMS
The Goods and Services Tax Network ( GSTN ) has...
CGST uncovers GST Fraud of Rs. 760 crores, Arrests Two for Issuing Bogus Invoices and KYC document Misuse
The Central Goods and Services Tax ( CGST ) department...
RBI Orders Payment Service Providers to Review of Payment Systems for Improved Accessibility to Persons with Disabilities
The Reserve Bank of India ( RBI ) has issued...
Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here]
Top Stories Navigating GST Show Cause Notices for ITC Reversal...
Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]
Top Stories Registration of House 24 months after Sale not...
CA Loses ₹1.5 Lakh in Fraudulent Transfer after Clicking Instagram Investment Ad
A Chartered Accountant loses Rs. 1.5 lakhs in the fraudulent...
GST ITC Rejected due to Claims filed beyond Period Specified u/s 16(4): Madras HC Directs to Re-do Assessment in Light of Finance Act, 2024 [Read Order]
In its ruling, the bench set aside the assessment order...
CBIC notifies Introduction of GST under RCM on Supply of Metal Scrap by Unregistered to Registered Person [Read Notification]
New Notification Shifts GST Liability to Buyers, Aims to Enhance...
CBIC issues GST Rate Change Notification as per GST Council Recommendations [Read Notification]
CBIC notified GST Rate Changes on Cancer Drugs, Namkeens and...
Ex Parte GST Demand Order issued after 6 months of Post-SCN: Madras High Court sets aside Order [Read Order]
The bench observed that the absence of a personal hearing...
CBIC notifies Late Fee Waiver for GST TDS Return Form GSTR-7 for June, 2021 onwards [Read Notification]
The late fees and penalties in excess of an amount...
Supply of Metering Equipment and Ancillary Electricity Services Exempted from GST: CBIC [Read Notification]
This exemption was followed by the GST Council recommendations, where...
Affiliation Services provided to Government Schools by Educational Boards Exempted from GST, CBIC notifies [Read Notification]
The schools under the control of the Central or State...
CBIC notifies 5% GST on Helicopter Passenger Transport on Seat-Share Basis, Regularizes Past Dues [Read Notification]
The notification specifies that the transportation of passengers, whether with...
Cab Service from Driver to Passengers through Yatri Sathi App does not amount to supply by App Developer: AAR [Read Order]
The chief issue sought to be addressed by AAR was...
Interest Charges to be Treated as Inward Supply for Calculating 80% Threshold Limit under GST: AAR [Read Order]
The primary question posed by the Applicant pertained to the...
5% GST Applicable on Supply of Aggregates made from Boulders: AAR [Read Order]
The Authority for Advance Ruling (AAR), Andhra Pradesh ruled in...
Responsibilities of Principal Auditor and Other Auditors in Group Audits: NFRA issues Circular [Read Circular]
In group audits, where companies have subsidiaries, branches, and associates,...
PCCIT’s or Director General’s Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]
Recognizing the AO’s mistake in getting the approval, ITAT quashed...
Extended Time Limit for Employers for TDS Deposits from Oct 1, 2024: Here’s Why Employees need not Worry
While this move provides more flexibility to companies, it raises...
Two GST SCN for same AY issued by different Officers, Leading to Non-reply to one SCN: Madras HC directs to Issue Fresh Order [Read Order]
Considering the submissions, the bench found that the failure to...
41% disputed GST recovered without Providing Hearing opportunity: Madras HC sets aside Demand Order [Read Order]
Given that a major portion of the tax had already...
Late Application for Registration u/s 80G(5) withdrawn: ITAT directs CIT(E) to consider Fresh Application [Read Order]
Following the extension provided by CBDT Circular No. 7/2024, the...
Withdrawal of Rs. 2000 Notes: RBI issues Status Update, says “₹2000 banknotes continue…”
RBI reports that 98% of ₹2000 banknotes in circulation have...
SEBI introduces New Rules on Nomination for Demat and Mutual Funds: All You Need to Know
These changes, which impact the process of nominating beneficiaries, are...
SCN under CGST Act Issued on Wrong Address: Gauhati HC sets aside Order passed In Violation of Natural Justice Principle [Read Order]
The Court viewed that the impugned order dated 25.11.2022, was...
No Intention to Evade Service Tax Payment: CESTAT quashes invocation of Extended Limitation against Manpower Recruitment/Supply Agency [Read Order]
The issue involved in the case is no longer res-integra,...
Delhi HC Quashes blocking of ‘Electronic Credit Ledger’ under Rule 86A in excess of available GST ITC [Read Order]
Rule 86A applies only to the credit available in the...
Denial of ITC on Construction of Immovable Property: Supreme Court to pronounce Final Verdict Tomorrow in Safari Retreats Case [Read Order]
The general understanding has been that ITC on goods and...
Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Specific provisions within the Central Goods and Services Tax (CGST)...
Leasing/Renting/Hiring of Motor Vehicles for Transportation of Night-shift Women Employees Eligible for GST ITC: AAR [Read Order]
The Applicant sought the Advance Ruling in light of the...
GSTN releases GST Revenue Gross, Net Collection Data for September 2024
The data shows a 6.5% year-on-year increase compared to the...
Decoding Gandhi’s Philosophy on Taxation: A Beacon of Justice and Equity
On this Gandhi Jayanti, let us recommit ourselves to the...
CBDT issues Procedure for Declaration and furnishing Undertaking for Direct Tax Vivad Se Vishwas Rules, 2024 [Read Notification]
CBDT has issued the procedure for filing declarations under the...
Bengaluru Court Orders FIR against Finance Minister Nirmala Sitharaman Over Alleged Extortion Linked to Poll Bonds
The complaint says that the scheme was exploited to accumulate...
Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]
The court found that the inadequate response time violated the...
“Special mention derogates from General”: CESTAT upholds Reclassification of AC Remote Components [Read Order]
Gist: Specific Mention takes Priority over General ones, CESTAT Supports...
Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]
The Tribunal observed that the 2012 Finance Act amendment clearly...
Relief to Ericsson: Supreme Court upholds deletion of ₹64.43 Cr Penalty u/s 271G of Income Tax Act [Read Judgement]
The Supreme Court upheld the Delhi High Court’s ruling, deleting...
Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]
Considering the assessing officer hastily completed the assessment without considering...
Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]
In the case, State of Jammu and Kashmir vs. Caltex...
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...
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...
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...
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...
54th GST Council Meeting: Changes/Clarifications in GST Rates of Services
Gist: The 54th GST Council Meeting clarified various changes on...
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...
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,...
Bombay HC quashes Provisional Attachment passed w/o Written Order [Read Order]
Bombay High Court Requires Written Orders for Provisional Attachment to...
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...
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...
54th GST Council Recommends to prospectively Omit rule 96(10), rule 89(4A) & rule 89(4B) from CGST Rules, 2017
Where benefit of the specified concessional/ exemption notifications is availed...
GST Council Proposes New Rule 164 in CGST Rules, Enables Waiver of Interest and Penalty for FY 2017-2020 Tax Demands
The GST Council has recommended inserting Rule 164 into GST...
Big Update: GST Council Recommendas B2C e-Invoicing to Enhance Retail Efficiency
It would also provide an opportunity to the retail customers...
Recipients of Metal Scraps Liable for Tax under RCM Even if Supplier is Below GST Threshold, 2% TDS Apply: FM
The recipient of the metal scrap—who is a registered entity—will...
ITAT Reverses Addition made Solely based on Survey Statement u/s 133A without Corroborative Evidence [Read Order]
Considering the addition made without any corroborative evidence, ITAT reversed...
GSTN launches new IMS Feature in GST Portal enabling Easy Invoice Corrections and Accurate ITC claims w.e.f. October 1st 2024
The GSTN officially confirmed the launch of this feature through...
Torn Papers alone not Sufficient to Prove same Represents Unreported Sales: ITAT Orders Re-adjudication [Read Order]
The tribunal noted that there was no corroborative evidence to...
Vi receives Rs. 73 Crore GST Demand from Multiple GST Offices
The highest demand was issued by Assistant Commissioner, Large Taxpayer...
Tamil Nadu GST Department Releases Guidelines for Adjudication under GST Act [Read Circular]
The aim of issuing circular is to improve the quality...
GST Officer coerces Directors to Deposit Rs.22L from Personal Account to Company’s Credit: Delhi HC directs to apply for Refund [Read Order]
GST Officer forced the Director of petitioner companies to withdraw...
Irregularities in Audit Memo issuance do not Affect validity of GST SCN: Delhi HC [Read Order]
The SCN could not be quashed solely based on the...
Jurisdictional AO and Faceless AO cannot exercise Concurrent Jurisdiction to issue Notice u/s 148: Bombay HC underlines purpose of Faceless Mechanism [Read Order]
The High Court reiterated that the ‘Faceless Assessment Mechanism’ was...
GST Return Filing September Changes: Table B2CL, Bank Account Mandate and More You Need to Know
Effective September 1, 2024, GSTR-1/IFF submissions will be restricted if...
New Income Tax Act Update: CBDT forms Review Committee
The primary objective of the committee is to review and...
GST Registration Cancelled due to Non Filing of Returns: Calcutta HC Directs to Restore Cancellation in Absence of Dubious Act [Read Order]
The court viewed that the respondents should take a pragmatic...
No Penalty/Interest Pre-Deposit Mandate on Local Body Tax Appeals: Bombay HC [Read Order]
Taxpayer need not Deposit penalty/ interest Amount to entertain Local...
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...
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...
CIT(A)’s Non-Speaking Order denies Assessee Fair Hearing: ITAT directs Reassessment [Read Order]
The tribunal noted that the Assessee had not been given...
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...
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...
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...
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...
“Aadat” Margin Doesn’t Qualify as Commission for any service: CESTAT
CESTAT observed that Aadat is nothing but a trade profit...
ITAT quashes Income Tax Notice & Order issued by AO u/s 148 without Jurisdiction [Read Order]
The assessment was reopened via notice u/s 148 of the...
Consultant’s Failure to Inform Petitioner of SCN on Portal : Calcutta HC Sets Aside u/s 73 (9) CGST Act, Remands Case for Fresh Consideration [Read Order]
Consultant’s failure to inform petitioners of Show Cause Notice on...
Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]
Considering the same circumstances and issues as those decided in...
Oil in Bunker Tanks of Engine Room is part of Ship for Customs Duty Determination: CESTAT [Read Order]
Appellant imports old and used ships for breaking The Customs,...
Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]
AO failed to account for the total TDS that had...
Sale Value inclusive of Freight outward for Excise duty Assessment: CESTAT [Read Order]
The case involved M/s Kangaro Industries Ltd, a company engaged...
Loan Arrangement Services to Bank liable to Service Tax on Gross Commission to DMAs: CESTAT [Read Order]
The central issue was whether service tax should be calculated...
Unprocessed ITR even a month after Filing Due Date? Know the Time Limits for Refund and Processing
If your ITR is among those that remain unprocessed, you...
No Concrete Evidence on Record for Cash Transaction Limit Violation: ITAT directs AO to delete Income Tax Penalties [Read Order]
These penalties were linked to allegations that the petitioner accepted...
Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand
The Karnataka High Court collectively disposed of 31 Appeals through...
Justice Should Not only be Done but also Appears to be Done: ITAT Remands Disallowance of Purchases Matter to AO for Verification [Read Order]
Considering AO’s improper verification and not providing adequate opportunity for...
Deputy Commissioner can Block GST ITC under Rule 86A: Orissa HC rejects Petition Challenging Jurisdiction [Read Order]
The Central government’s GST circular can only be applicable to...
GSTN issues Advisory for Biometric Aadhaar Authentication and Document Verification of GST Registration Applicants of Dadra and Nagar Haveli and Daman and Diu and Chandigarh
Under the amended Rule 8 of the CGST Rules, 2017,...
Rejection of Cancellation Application and Cancellation later ab Initio: Delhi HC limits Retrospective Effect of GST Registration Cancellation [Read Order]
Notably, the SCN did not propose the retrospective cancellation In...
GST Commissioner can Designate Proper Officers for Assessment under TNGST Act: Madras HC [Read Order]
The GST Act requires that assessments be conducted by a...
SIT to Submit Interim Report on Black Money to Supreme Court in two weeks
The SIT, which was constituted under the directive of the...
IT Dept issues Summons to NRIs for Foreign Assets, Residency Status Proof
The summons typically demand information about the year of opening...
Mumbai Bizman loses ₹1.3 Cr as “GST” to Fraudster impersonating CA
The fraudster used GST Registration documents to open fictitious companies...
DGFT issues Trade Notice on API Integration and Bulk Upload Facility for Self-Certification of eBRC[Read Order]
Exporters can utilise bulk upload and API integration for eBRC...
Assessee can Apply for Registration u/s 80G(5)(iii) Within 6 Months After commencement of activity: Calcutta HC Upholds ITAT’s Order [Read Order]
The Court dismissed the petition in absence of questions of...
Tax on Education? GST Demand on IIT-Delhi Research Grants raises Eyebrows
The notice, demanding Rs 120 crore in GST on research...
GST Appeals already filed in APL-01: Kerala State GST Department permits Manual Filing of APL-03 if Online Filing Fails [Read Notification]
To appeal against the same order, the stakeholders are required...
Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]
The court upheld the decision of CIT(A) and held that...
Marketing and Promotion Activities for FPCs Not Subject to Service Tax as Business Auxiliary Service: CESTAT [Read Order]
The activities undertaken by the appellant under the agreements with...
Indian Tax System Before Independence: Here’s the History for You
Understanding the evolution of taxation in India before independence provides...
Incentive Commission by Air Travel Agent From GDS/CRS Companies and From Airlines is not liable to Service Tax: CESTAT [Read Order]
Incentives and commissions received by Air Travel Agents from GDS/CRS...
No Mechanism for Entertainment Tax Assessment and Collection on Sponsorships: Delhi HC [Read Order]
The High Court of Delhi allowed a writ petition as...
Requirement of Filing Audit Report In Form 10B is only Procedural: ITAT grants Income Tax Exemption [Read Order]
The ITAT held that From AYs 2022-23 to 2026-27, the...
Acid oil, Fatty acid, Gums and Waxes generated during the process of refining oil are “Waste”, Eligible for Central Excise Duty Exemption: CESTAT [Read Order]
In a dispute over by-products generated during refining oil can...
Settlement Consideration amounts to “Capital Gains”, not “Profits in lieu of Salary”: Delhi HC [Read Order]
Under an agreement, the petitioner received INR 3,03,75,000 as final...
Rs 3.7 Trillion ‘Capex Loans’ to States during FY21-FY25 to be Treated as ‘Grants’, FM Nirmala Sitharaman
Discover how Rs 3.7 trillion in capex loans allocated to...
Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders’ Hands: Calcutta High Court upholds ITAT Decision [Read Order]
The HC of Calcutta’s decision was based on the Supreme...
Promotion and Marketing Services not “Intermediary Services”: CESTAT allows benefit of export of services
The CESTAT held that the services rendered by the appellants...
Availment of Presumptive Scheme of Taxation u/s 44AD Needs to Prove Eligibility: ITAT Upholds AO and CIT(A) Orders [Read Order]
The tribunal contended that the assessee must prove their eligibility...
JCIT cannot Transfer Case u/s 127 to Subordinate Officer without Hearing Assessee: Patna HC [Read Order]
Under Section 127 of the Income tax act, it mandates...
28% GST Applicable on Car Seat Covers If They Function as Essential and Integral Part: AAAR [Read Order]
It was observed that these seat covers, while enhancing functionality...
Alternate Remedies under GST Act or Amnesty Scheme must be Utilised before Seeking Article 226 Relief: Patna HC [Read Order]
The law favours the diligent and not the indolent The...
‘Law Favours diligent and not the indolent’: Patna HC refuses Entertain Petition Challenging GST Registration Cancellation [Read Order]
The petitioner failed to effectively utilise the alternate remedies and...
Indexation of Capital Gains Benefit available only for Real Estate and for Resident Individuals and HUFs, no Loss Set-Off
Indexation Benefit on Capital Gains Tax is available only on...
Address change requires Applications to both Existing JAO and New AO for Proper PAN Migration: Patna HC dismisses Petition [Read Order]
When you shift your permanent address or residential address from...
Directors can update Mobile Number/E-Mail ID anytime during the FY by e-form DIR-3 KYC in MCA Portal: Know all details here [Read Notification]
The change overrules the previous mandate that permitted Directors of...
Clubbing of Income: All You Need to Know
Not heard about Clubbing of Income? Better know before its...
Insufficient Evidence to Prove Improvement Costs of Property: ITAT Disallows Expense Claims [Read Order]
The appeal was partly allowed and partly disallowed based on...
Govt cuts windfall tax on petroleum Crude to Rs. 4,600 per tonne [Read Notification]
The government has lowered the windfall tax on petroleum crude...
‘Pushti’ is Powdered Mixture of Cereals, Pulses and Sugar, Exempted from GST: AAR [Read Order]
‘pushti’ is a powdered Mixture of cereals, pulses and Sugar...
No violation of Section 16 of CGST Act: Delhi HC sets aside GST Registration Cancellation [Read Order]
The SCN does not provide any details regarding wrongful availment...
Supplementary Goods Supplied to Anganwadi Centers Not Exempted from GST as per Notification 12/2017: AAR [Read Order]
Services provided to educational institutions in the form of catering,...
Vi not Obligated to Deduct TDS on Non-Resident Telecom Operator Payments: Supreme Court [Read Judgement]
TDS not deductible on payments made to the Overseas Telecom...
“Cab Services” by Rapido liable to GST: AAR [Read Order]
The Advance Ruling Authority Bench noted that Rapido qualifies as...
GSTR 3B Filing Error: Madras HC quashes GST Demand, allows to Rectify Returns and Hearing [Read Order]
The High Court permitted to file a rectified return in...
18% GST imposed on Paper Bags under Residual Entry of Schedule 3 under Challenge: Madras HC stays Proceedings [Read Order]
The court observed that there is a prima facie case...
GST Liability confirmed on GSTR-3B and GSTR-2A Mismatch: Madras HC remands for Reconsideration [Read Order]
The bench observed that the interest of justice warranted providing...
Documents Enclosed with Email not taken into Consideration: Madras HC sets aside Income Tax Assessment Order [Read Order]
The court found that the bank statements attached to the...
DPIT Startup Recognition: Eligibility, Angel Tax Exemption and Incentive
The Startup India Recognition under the Department for Promotion of...
Pre-GST Period Turnover Mismatch in Form 26AS and GST Returns: Madras HC orders readjudication on 10% Pre-deposit [Read Order]
The high court directed the respondent to provide a reasonable...
CBIC Issues Clarification on GST for Salvage/Wreck Value in Motor Vehicle Insurance Claims [Read Circular]
It was clarified that in situations where the insurance contract...
CBIC Issues Clarification on Place of Supply for Custodial Service by Banks to Foreign Portfolio Investors [Read Circular]
It was clarified that the custodial services provided by banks...
CA and CMA Certificates or Recipient Undertakings Admissible as Evidence u/s 15(3)(b)(ii) of GST Act, says CBIC Circular providing Mechanism for Reporting [Read Circular]
For past periods, suppliers can also provide CA/CMA certificates or...
Madras HC Orders Appellate Authority to Reconsider GST Appeal Despite 19-Day Delay due to Director’s Illness [Read Order]
It was noted that the petitioner has provided a medical...
Cancellation of GST Registration for Non-filing of Returns: Madras HC sets Conditions for Restoring Registration [Read Order]
The court directed the petitioner to file returns for the...
Non-Filing of GST Returns Due to Miscommunication with Tax Consultant: Uttarakhand HC allow Petitioner to file GST Registration Cancellation Revocation Application
Due to a communication gap with the tax consultant, engaged...
ITR Filing 2024: New Requirements and Changes in Income Tax Return Forms for AY 2024-25
The major changes are the new tax regime becoming the...
Failure of Accountant to inform of GST Demand Notice: Madras HC remands matter for Reconsideration [Read Order]
The show cause Notice and detailed notice, it was clear...
Retrospective Cancellation of GST Registration: Delhi HC limits Cancellation from date of Issuance of SCN [Read Order]
Delhi HC modifies cancellation of the GST Registration according to...
Services Provided by Indian Railways and Intra-Rail Supplies to be Exempt from GST: 53rd GST Council Meeting
The 53rd GST Council meeting, chaired by Finance Minister Nirmala...
GST Council Recommends a Uniform Rate of 12% on all Milk Cans Meaning Steel, Iron, Aluminium which are Irrespective of Use
The 53rd GST council has recommended uniform rate of 12%...
GST Council Recommends 12% GST Solar Cookers
The Union Finance Minister Nirmala Sitaraman presided over the 53rd...
GST Council: Max amount for Filing of Appeal shall be Reduced from Rs 25 crore to Rs 20 crore, says FM
In the 53rd GST council meeting, the FM said that...
GST Council Proposes to Waive Interest and Penalty for Demand Notices u/s 73 Cases: Know Final Demand Payment Date
The GST council has recommended the waiver of interest and...
53rd GST Council Meeting: Know the Decisions in Detail
Take a deep-dive iInto the regime-shaping Decisions of the 53rd...
FM Confirms New GST Return Form GSTR-1A after 53rd GST Council Meeting [View Draft Form]
GST Council Approves GSTR-1A for ease of Goods and Services...
Madras HC sets aside Assessment Orders u/s 63 of GST Act due to Lack of Opportunity for Contesting Tax Proposal [Read Order]
The court directed the respondent to offer the petitioner a...
No Compulsion shall be put on Individuals to give evidence after Office Hours in GST Cases: Jharkhand HC [Read Order]
It was noted that a person called for giving evidence...
Budget 2024-25: Govt may cut Income Tax Rates for Slabs with Income over Rs. 15 Lakhs
Steep increase in credit-deposit ratio is an alarming sign for...
Kerala HC directs Expeditious Consideration of Delay Condonation and Stay Petition in Income Tax Appeal, Halts Recovery Proceedings [Read Order]
The court mandated that there shall not be any recovery...
Government cannot Retain any Amount without Authority of Law: Bombay HC directs Refund in Cash instead of CENVAT Credit Account [Read Order]
Credit of amount payable to petitioner to the CENVAT account...
Upcoming GST Council Meeting may address Amnesty Scheme, Exemptions for Shipping and Airlines and Budget 2024-25
A report by the Group of Ministers on broader tax...
Tax Evasion in Ayurvedic Spas: Kerala State GST Dept unearths Rs. 2 Cr Evasion in Munnar and Anachal
Ayurvedic Spas in Kerala are under the Goods and Services...
CII President vouches for Inclusion of Petroleum etc. in GST, expresses Expectations for Budget 2024-25
The CII President Sanjiv Puri is also the Managing DIrector...
Employees cannot Claim Income Tax Exemption in Absence of Govt Notification fixing Income Limit for Encashment of Earned Leave Salary: Kerala HC [Read Order]
The Court disposed of the writ petition with liberty to...
Share Allotment at Concessional Price is Oppressive Act against Existing Members: NCLT [Read order]
The NCLT directed the Respondents to compensate the company for...
Show Cause Notice uls 74 of GST Act: An In- Depth Analysis
Section 74 of the Central Goods and Service Tax Act...
Non-Consideration of GST Payment with Interest: Madras HC sets aside Order, Remitted for Reconsideration [Read Order]
The bench found that the payment made by the petitioner...
No GST Leviable on the Sale of Goods Warehoused in Third Party FTWZ under MOOWR Scheme: AAR [Read order]
The AAR’s ruling underlines that GST is not applicable to...
Rotary Car Parking System is Civil Structure, GST ITC not admissible: AAR [Read Order]
The authority observed that the Rotary car parking system is...
No Service Tax on Sale Proceeds of Auction of Abandoned Imported Goods: CESTAT [Read Order]
The Tribunal held that in the whole transaction, no service...
Tax Liability Confirmed on GSTR 3B and GSTR 2A Mismatch due to Non-RepIy to SCN: Madras HC sets aside Order on Pre-deposit condition [Read Order]
As a consequence of the impugned assessment order being set...
Digital Platform deemed Supplier of Services uls 9(5) of GST Act, Liable for GST: AAR [Read order]
The AAR ruled that the digital platform of the applicant...
Service of Supply of Teachers to Schools and Colleges Run by Municipality Exempt from GST: AAR [Read Order]
The Authority for Advance Rulings (AAR) in Karnataka ruled that...
Are you a House Wife having Savings Deposit? Know Income Tax Exemption for Savings Deposit by House Wives
Top Stories Are you a House Wife having Savings Deposit?...
Failure to Issue Intimation of Personal Hearing for GST Cancellation: Delhi HC directs to Appear before Proper Officer [Read Order]
In a recent case, the Delhi High Court has directed...
Discontinuation of Business: Delhi HC directs Proper Officer to dispose Application for Cancellation of GST Registration [Read Order]
The Delhi High Court directed the Proper Officer to dispose...
Manufacture of Display Material falls under ‘Trading Advertising Material’, attracts Nil Rate of Duty: CESTAT [Read Order]
Top Stories Manufacture of Display Material falls under ‘Trading Advertising...
GST Dept set to develop Registration System for Shared Warehouse for E- Commerce
The GST Department under the Finance Ministry is all set...
No Service Tax leviable by Clubbing all Activities undertaken under “Cargo Handling Service”: CESTAT [Read Order]
Top Stories No Service Tax leviable by Clubbing all Activities...
Petitions challenging CGST, SGST & Customs Act Penal Provisions: Supreme Court reserves Judgment
On May 16, the Supreme Court reserved its judgment on...
Madras HC Grants Second Chance to Submit Documents for GSTR-1 vs GSTR-3B Discrepancies without Pre-deposit Condition [Read Order]
The Madras High Court granted a second chance to the...
Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]
The Jodhpur Bench of the Income Tax Appellate Tribunal(ITAT) has...
Supreme Court & High Courts Weekly Round up
This weekly round-up analytically summarizes the key stories related to...
Excise Duty Not Imposable When Excess Clearance of Waste and Scrap made after Payment of Full Duty: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise And Service Tax...
Charter Services for Transportation of Senior Executive Officials to attend Business Meeting in relation to Manufacture and Sale of Finished Goods is Input Service: CESTAT [Read Order]
Top Stories Charter Services for Transportation of Senior Executive Officials...
Interest Free or Concessional Loans to Bank Employees Are Taxable under Income Tax Rules as Perquisite: Supreme Court [Read Judgement]
Top Stories Interest Free or Concessional Loans to Bank Employees...
Not Every Deposit during Demonetization Period would fall under Category of Unaccounted Cash: ITAT remits to AO for fresh consideration [Read Order]
Top Stories Not Every Deposit during Demonetization Period would fall...
S. 65 of GST Act Does Not Require Audit Report to Indicate ‘Fraud or Misstatement or Suppression of Facts’ for Demand u/s 74: Madras HC [Read Order]
The Madras High Court clarified that the Section 65 of...
No Service Tax Demandable on Logistics Charges Recovered from Buyers when VAT paid on Same: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax...
Kanpur Security Service Agency Director gets Non-Bailable Warrant on Alleged Service Tax Evasion [Read Order]
Top Stories Kanpur Security Service Agency Director gets Non-Bailable Warrant...
Misuse of GST by Rogue Sellers on e-commerce Platform: Delhi HC directs Flipkart to take Steps to Resolve Issue [Read Order]
The Delhi High Court has directed Flipkart to investigate the...
GSTN enables GST Payments through UPI/Credit/Debit Cards in Jammu and Kashmir
The Goods and Services Tax ( GST ) Payments in...
Top Stories Appeal Time! GST Appellate Tribunal to be Functional Soon Enough The GST Tribunal will have a principal bench at Delhi and 31 State Benches
The GST Appellate Tribunal ( GSTAT ) has finally started...
High Net Worth Individuals with Offshore Investments in ‘Blank Cheque’ SPACs under Income Tax Scanner, gets IT Notices
While LRS rules were tightened in August 2022 to explicitly...
Top Stories DGFT extends Yellow Peas Import Period to 31st October 2024
DGFT extended the import period of yellow peas from 30th...
Top Stories Asian Paints fails to Furnish Necessary Details for Supporting Deduction Claim of Sundry Balances Written Off:
ITAT directs to File Necessary Documents [Read Order] The ITAT...
Top Stories Non-Constitution of GSTAT
Kerala GST Dept directs Taxpayers to Submit Declaration of appeal...
Delhi HC issues Notice to Government Over Non-adjudication of SCN and Order for 11-Years There was a substantial unexplained delay in both the SCN adjudication and the impugned order
Delhi HC issues Notice to Government Over Non-adjudication of SCN...
Top Stories Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]
For Assessment Year 2015-2016 the provisions of TOLA are not...
Top Stories Unaware of GST Proceedings until Entire Tax Liability Recovered from Bank Account: Madras HC remands for Reconsideration [Read Order]
The court clarified that any amounts appropriated from the petitioner’s...
Top Stories ITAT directs readjudication regarding Prior Period Expenses after find out year of Crystallization [Read Order] ITAT directed readjudication regarding the prior period expenses after finding out the year of crystallization
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT...
Top Stories Updated GST Portal Live Now: Know the Changes Goods and Services Tax Network Launched an Enhanced Version of GST Portal
Top Stories Updated GST Portal Live Now: Know the Changes...
Madras HC grants another Opportunity to Explain Unreconciled Turnover Pertains to non-GST items on Pre-deposit of Rs. 50 Lakhs [Read order]
The petitioner was willing to remit Rs. 50,00,000/- as a...
GST RCM liability Mismatch Occurs due to Inadvertent Error while Filing GSTR 3B: Madras HC sets aside Order, Remands for Reconsideration [Read Order]
he petitioner submitted relevant GSTR 3B returns to support the...
Top Stories SCN and GST Demand Order issued on same Date: Madras HC sets aside Order, directs to Initiate Proceedings in accordance with Law [Read Order]
The Court found merit in the contention that a reasonable...
Top Stories ITC availed Details in GSTR 2A reconciled with GSTR 3B: Madras HC directs GST Dept to dispose of Rectification Petition within 1 Month [Read Order]
Provided detailed information on the available ITC as per GSTR...
Accountant misses GST Notices uploaded in Additional notices and Order tab in Portal, fails to Reply to SCN: Madras HC allows to Contest on 10% Pre-deposit [Read Order]
The Madras High Court granted the petitioner the opportunity to...
Case digest on Deduction u/s 80 G of Income Tax Act
Top Stories Case digest on Deduction u/s 80 G of...
Payment of Interest for Delayed Filing of GST Returns: Kerala HC dismisses Review Petition in absence of Error Apparent on Face of Record [Read Order]
The Kerala High Court dismissed the review petition in the...
Supreme Court & High Courts Weekly Round up
This weekly round-up analytically summarises the key stories of the...
Service Recipient Cannot Face Penalty for Seller’s Failure to Remit GST to State Treasury unless in Exceptional Circumstances: Calcutta HC [Read Order]
The Calcutta High Court has ruled that the onus of...
Order passed u/s 73 CGST Act without provide opportunity for clarify reply with respect to SCN: Delhi HC directs Re adjudication [Read Order]
In a significant case, the Delhi High Court directed re...
Failure to attend hearing fixed by SCN regarding ITC due to death of Husband: Delhi HC directs Re adjudication [Read Order]
Top Stories Failure to attend hearing fixed by SCN regarding...
GST Registration cannot be Cancelled Retrospectively due to Non-Filing of Return for a continuous Period of Six Months: Delhi HC [Read Order]
The Delhi High Court has held that Goods and Service...
Application for GST Cancellation Fails to Dispose of Timely on due to furnishing Details: Delhi HC allows Time to Furnish Details [Read Order]
In a recent case, the Delhi High Court allowed time...
No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (...
Shahjahanpur GST Raid reveals ₹1.2 Cr Goods and Services Tax Fraud at Tractor Agency
Vineet Tractor Agency in Shahjahanpur was raided by the Special...
No Late Fee for GSTR 9 C Filing: Kerala HC
In a recent judgment, the Kerala High Court, that no...
Tough Times for Baba Ramdev: Patanjali Foods gets GST Show Cause Notice for Rs. 27.5 Cr Undue ITC Claim from DGGI, Chandigarh
Patanjali Foods revealed on Friday that it has received a...
Audit Irregularities: NFRA slaps ₹1 Cr Penalty on Firm of ICAI CCM Member, partners get Debarred in RHFL Case
Top Stories Audit Irregularities: NFRA slaps ₹1 Cr Penalty on...
No application of S. 45 PMLA to S. 205 CrPC Application: Orissa HC allows resubmission of appearance exemption application in PMLA Case with alleged Proceeds less than 1 Cr [Read Order]
The Orissa High Court recently ruled that, there is no...
GST paying Traders under FTCCI, Telangana in Dismay after Govt issues Direction to Revise Orders by Re-opening Already Closed Proceedings
The commercial tax department’s internal note, circulated to joint commissioners...
Challenges GST Liability Intimation on Seigniorage Fee Paid to Government: Madras HC demands Reply for Intimation within 4 Weeks [Read Order]
The Madras High Court has directed the assessee – petitioner...
Unlocking Section 37(1): Understanding allowable Deduction for Business or Profession
Top Stories Unlocking Section 37(1): Understanding allowable Deduction for Business...
Penalty Imposed after Full GST and Interest Liability Discharged: Madras HC allows to file Statutory Appeal to Contest Penalty Order [Read Order]
Top Stories Penalty Imposed after Full GST and Interest Liability...
Big Relief: No Liability on TDS/TCS Deductor u/s 206AA/206CC due to PAN-Aadhaar Non-linkage Until May 31, 2024 [Read Circular]
In response to taxpayer requests, the CBDT has provided significant...
Excise Duty Not Applicable on Imported Zinc Oxide Used in Manufacturer of PCFP: CESTAT [Read Order]
Top Stories Excise Duty Not Applicable on Imported Zinc Oxide...
Who is a ‘Proper Officer’ under GST Law: Clear you Jurisdictional Dilemma
Introduction The Goods and Service Tax Acts of both the...
Brokerage of Agricultural Produce liable for GST Registration, Attracts 18% GST: AAR [Read Order]
The Andhra Pradesh Authority for Advance Ruling ( AAR )...
Refund Claim of Additional GST Paid than agreed contracted amount due to Introduction of GST: Chattisgarh HC directs to file Fresh Claim [Read Order]
The Chhattisgarh High Court directed to file a fresh claim...
The saga of GST on Ocean Freight… Vaster than the Ocean itself!
Top Stories The saga of GST on Ocean Freight… Vaster...
Misuse of PMLA- Time for a Wakeup Call?
Top Stories Misuse of PMLA- Time for a Wakeup Call?...
Homebuyers having order or Decree from RERA are allottees, required to comply with 2nd Proviso to Section 7(1) of IBC: NCLAT [Read Order]
Top Stories Homebuyers having order or Decree from RERA are...
Service Providers Rendering Services on which Tax is payable on Reverse Charge basis Constitutes Class of their Own: Delhi HC [Read Order]
Top Stories Service Providers Rendering Services on which Tax is...
ITAT Weekly Round-up
Top Stories ITAT Weekly Round-up By Aparna. M – On...
Bombay HC directs Disciplinary Action against AO as no Order passed on Rectification Application under Income Tax Act for Six Years [Read Order]
Top Stories Bombay HC directs Disciplinary Action against AO as...
Baba Ramdev’s Patanjali to Pay Service Tax on Yoga Camps, Supreme Court upholds CESTAT Order
In a recent legal ruling, the Supreme Court upheld a...
Stay Application against Assessment Order under Income Tax Act: Kerala HC stays Recovery Proceedings [Read Order]
The single bench of the Kerala High Court stayed the...
GST Liability confirmed on Failure to Reply to SCN with Relevant Documents: Madras HC Remands Matter on 10% Pre-deposit Condition [Read Order]
The Madras High Court, while remanding the matter for reconsideration...
Key Facts Statements for Loans to Disclose All Charges and Penalties to Borrowers: RBI
Top Stories Key Facts Statements for Loans to Disclose All...
GST Liability Imposed due to Reply filed without Proper Annexed Documents, Reverses ITC Worth Rs. 1.04 Cr: Madras HC sets aside order on Rs.5L Pre-deposit Condition [Read Order]
Top Stories GST Liability Imposed due to Reply filed without...
Unaware of GST Proceedings due to SCN and Assessment Order uploaded on “View additional Notices and Orders” tab on GST portal: Madras HC sets aside Order [Read Order]
Top Stories Unaware of GST Proceedings due to SCN and...
Malabar Parota (Porotta) is classifiable as Bread, attracts 5% GST: Kerala HC strikes down AAR Ruling
In a unique case related to GST classification challenges, the...
Income Tax Portal Update: CBDT enables Online and Offline Filing of ITR-1, ITR-2, ITR-4 and ITR-6 in e-Filing Portal
In a move aimed at streamlining tax filing for citizens,...
RBI to disallow Entities other than Credit and Debit Card issuers and Networks from Storing Transaction Data from August 2025
Top Stories RBI to disallow Entities other than Credit and...
Property Sold in Low Price Due to Obstacles in Peaceful Enjoyment: ITAT deletes Capital Gains Addition based on DVO [Read Order]
In a recent ruling, the Kolkata bench Income Tax Appellate...
ITR Filing within Due Date is Mandatory for Claiming Deduction u/s 80IB (10) of Income Tax Act: ITAT [Read Order]
Top Stories ITR Filing within Due Date is Mandatory for...
Admissibility of Discounts subsequent to Clearance is eligible Deduction for Determination of Assessable Value: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excuse and Service Tax...
Taxpayer without Shareholding cannot be Deemed ‘Dividend’ Receiver u/s 2(22) of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (...
Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced: ITAT Directs Re-Adjudication [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (...
Should You File Income Tax Return? Know all ITR Forms and Applicability
Top Stories Should You File Income Tax Return? Know all...
Traders challenge Section 43B(h) Income Tax Act before Supreme Court against MSME Delayed Payment Clause [Read Order]
The Federation of All India Vyapar Mandal has filed a...
GST authorities confirm Demand as assessee failed to Produce Separate Balance Sheet and P&L Account for Tamil Nadu branch: Madras HC quashes DRC-07 Order [Read Order]
Top Stories GST authorities confirm Demand as assessee failed to...
Over-the-Counter Sales during COVID Lockdown included in Turnover Calculation for Compounded Tax under Kerala General Sales Tax Act: Kerala HC [Read Order]
Top Stories Over-the-Counter Sales during COVID Lockdown included in Turnover...
Bombay HC Invalidates GST Demand on Ocean Freight from outside India Citing Ultra Vires Notification, Upholds SC and Gujarat HC Verdicts in Mohit Minerals [Read Order]
Top Stories Bombay HC Invalidates GST Demand on Ocean Freight...
Legal Heirs of Deceased Partner not Liable for any Liability of Firm upon Death of Partner: Supreme Court [Read Judgement]
In a recent decision, the Supreme Court held that the...
TDS SMS Alert from Income Tax Dept? Here’s What You Need to Do as a Salaried Employee
Salaried taxpayers nationwide have recently received SMS notifications from the...
Failure to Submit proper GST Document: Kerala HC dismisses Writ Petition [Read Order]
The Kerala High Court dismissed the writ petition as a...
Licensing of software products of Microsoft in Territory of India is not taxable in India: Supreme Court Dismisses SLP
The Supreme Court dismissed the Special Leave Petition ( SLP...
No Petition Maintainable before NCLT u/s 95 of IBC Against Partnership Firm/Directors
The Karnataka High Court has held that filing a petition...
Audit Misconduct: NFRA debars CAs from Audits, slaps Rs. 4.5 Cr Penalty [Read Order]
The National Financial Reporting Authority (NFRA) has taken strict action...
Auditor gets Bashed to Death while leaving All Women Police Station at Thiruvallur, Tamil Nadu
A 46-year-old auditor, identified as Robert, died on Thursday night...
CBIC Chairman urges Resolution of Legacy Adjudication Cases
Sanjay Kumar Agarwal, the Chairman of the Central Board of...
Kerala State GST Dept issues Guidelines for numbering of Show Cause Notices and Orders u/s 73 and 74, GST Act [Read Circular]
The Kerala Goods and Services Tax ( GST ) Department...
Concerns Premature, says Income Tax Dept about India-Mauritius DTAA Amendment as Ratification Pending
The Income Tax Department has stepped forward to address concerns...
Kerala GST Dept issues Guidelines w.r.t. Numbering of Appellate and Revisional Orders [Read Circular]
In a recent development, the Kerala Goods and Services Tax...
Failure to Consider Detailed Reply of Assessee: Delhi HC Orders Re-adjudication of Flawed GST Assessment Order [Read Order]
In a recent ruling, the Delhi High Court has directed...
ITAT Allows Deduction for Electricity Charges, Miscellaneous Expenses and Audit Fees u/s 57 for Interest Income Earners [Read Order]
In recent ruling, the Mumbai bench of the Income Tax...
Sale Deed Classified as Capital Asset, Qualifies for Long-Term Capital Gain Deduction under Section 54B: ITAT [Read Order]
Top Stories Sale Deed Classified as Capital Asset, Qualifies for...
No SCN was issued to prior to Demand Order: Delhi HC sets aside Order u/s 73 of CGST Act [Read Order]
Top Stories No SCN was issued to prior to Demand...
ITAT rules Assessee not Liable for Payee’s Non-Response to AO Notice, Quashes Revision Order [Read Order]
In a recent ruling the Indore bench of the Income...
Madras HC grants Taxpayer Opportunity to Contest Despite not Submitting E-way Bill or Lorry Receipt; Sets aside Order with 5% Penalty Remittance [Read Order]
Top Stories Madras HC grants Taxpayer Opportunity to Contest Despite...
CBIC Circular’s Procedure dealing GSTR 3B & 2A Disparity not applied: Madras HC allows to Contest Demand on 10% Pre-deposit [Read Order]
Top Stories CBIC Circular’s Procedure dealing GSTR 3B & 2A...
ITAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories related to...
CESTAT Weekly Round Up
Top Stories CESTAT Weekly Round Up By Aiswarya Krishnadas –...
Madras HC quashes GST Order on 10% Pre-Deposit Condition Despite Taxpayer’s Non-Payment of Tax and Absence of Personal Hearing [Read Order]
The Madras High Court has quashed the Goods and Service...
Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]
Top Stories Printing, Publishing and Subscription of books of Vedas,...
Relief to Hitachi Systems: Madras HC sets aside GST DRC-07 Order Due to Lack of Document Response Opportunity with Pre-Deposit Conditions [Read Order]
The Madras High Court, while granting relief to Hitachi Systems...
CBDT releases Strict Interim Action Plan for Income Tax Dept Functions in FY 2024-2025, Timelines Leaked [Read Notification]
The Central Board of Direct Taxes (CBDT) has issued a...
Madras HC directs Submission of Form GST ITC-02 as ‘NIL’ if No ITC Transferred, Subjects to 10% Pre-Deposit Condition [Read Order}
Top Stories Madras HC directs Submission of Form GST ITC-02...
AO made No Reference to any Incriminating Material while Making Addition on TDR Transactions: ITAT dismisses Revenue’s Appeal [Read Order]
Top Stories AO made No Reference to any Incriminating Material...
Failure to appeal before Lower Authorities due to sudden resignation of Accountant without intimation: ITAT directs Re adjudication [Read Order]
Top Stories Failure to appeal before Lower Authorities due to...
Income Tax Reassessment Orders need Prompt Interference if Mechanically Initiated or Based on Wrong Factual Foundation: Madras HC [Read Order]
The Madras High Court has quashed Income Tax reassessment orders...
Merger or Amalgamation Not Legitimate Tools for Tax Evasion, Cooperate with Customs Department: Madras HC [Read Order]
In a recent ruling, the Madras High Court, while dismissing...
Father’s Demise and Change in CA delayed GSTR Filing leading GST Registration Cancellation: Delhi HC directs to Revoke Cancellation [Read Order]
Top Stories Father’s Demise and Change in CA delayed GSTR...
GST leviable on Brokerage Charges by Broker of Agricultural/Exempt Produce at 18%: AAR [Read Order]
Top Stories GST leviable on Brokerage Charges by Broker of...
Attention CAs & Advocates : Delhi CRC Branch Opens Twice Weekly for Clarifying New GST Registration Queries, Details Here! [Read Circular]
The Department of Trade and Taxes has issued a circular...
Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order]
Top Stories Delhi HC upholds Income Tax Demand Order u/s...
Appeal against Assessment Order under CGST Act: Kerala HC dismisses Writ Petition on Availability of Statutory Remedy [Read Order]
The Kerala High Court dismissed the appeal against the assessment...
Commissioning Agent/Broker dealing in brokerage of Agricultural Produce liable to be Registered under GST: AAR [Read Order]
Top Stories Commissioning Agent/Broker dealing in brokerage of Agricultural Produce...
Understanding Income Tax Rules for FY 2024-25: A Comprehensive Guide for Salaried Employees
Top Stories Understanding Income Tax Rules for FY 2024-25: A...
Activities not Predominantly Agricultural Extension Support, not exempt as “Support Services to Agriculture, Forestry, Fishing, Animal husbandry”: AAR [Read Order]
Top Stories Activities not Predominantly Agricultural Extension Support, not exempt...
Proceeding to Adjust Demand against Available Refunds without Considering Application u/s 220(6) of Income Tax Act is Arbitrary: Delhi HC [Read Order]
In a recent decision, the Delhi High Court observed that...
Denial of Exemption Claim from Payment of Income Tax on Interest Income Based on Technical Ground: Kerala HC directs to Consider Application Filed before CBDT [Read Order]
Top Stories Denial of Exemption Claim from Payment of Income...
GST Authorities Erroneously Debit wrongly availed ITC from ECL Despite Subsequent Reversal in GSTR-3B: Madras HC quashes GST Assessment Order [Read Order]
Top Stories GST Authorities Erroneously Debit wrongly availed ITC from...
No Interest shall Leviable on Late GSTR-3B Filing if GST already Paid through GST PMT-06 on Time: Madras HC grants Relief to Eicher Motors [Read Order]
Top Stories No Interest shall Leviable on Late GSTR-3B Filing...
Attachment of Bank Account under GST Proceedings without considering Assessee’s Contention: Kerala HC remands Matter for Re adjudication [Read Order]
The Kerala High Court remanded the matter for re-adjudication as...
Failure to Reject or Proceed Application for Cancellation of GST Registration within 30 Days as Mandated: Delhi HC directs to d ecide within 2 Week [Read Order]
Top Stories Failure to Reject or Proceed Application for Cancellation...
Levying Stamp Duty on ‘DO’ by Maharashtra Government is within Legislative Competence of State: Bombay HC [Read Order]
In a significant ruling the Bombay High Court held that...
Emotionally Intelligent Companion device is Human-like Companion for Children, classifiable as ADP: CESTAT quashes Customs Duty Demand [Read Order]
Top Stories Emotionally Intelligent Companion device is Human-like Companion for...
No Service Tax leviable on Installations on CNG Kits in Absence of Separate Invoices: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax...
Transfer of Development Rights between two Partnership Firms not Taxable under Capital Gains from Partners: ITAT [Read Order]
Top Stories Transfer of Development Rights between two Partnership Firms...
No addition u/s 56(2)(x)(b)(B)(ii) of Income Tax Act when Difference between Purchase value and Fair Market value less than 5%: ITAT [Read Order]
Top Stories No addition u/s 56(2)(x)(b)(B)(ii) of Income Tax Act...
Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]
Top Stories Comparison has to be made between Two Equals:...
ITAT quashes assessment order passed u/s 147 on account of non-following safeguards provided in sections 148 of Income Tax Act [Read Order]
Top Stories ITAT quashes assessment order passed u/s 147 on...
“Powers of CIT (A) coterminous with that of AO”: ITAT upholds CIT(A) Order u/s 250 [Read Order]
Top Stories “Powers of CIT (A) coterminous with that of...
Kerala HC stays Income Tax Recovery Proceedings, directs CIT (A) to Pass Necessary Orders on Condonation Application and Stay Petition [Read Order]
In a recent ruling, the Kerala High Court stayed Income...
RP running Corporate Debtor’s Business, is Best Person to Decide what Part of Business to be Carried Out: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate...
Income Tax Dept releases Common Offline Utility for Tax Audit Reporting Form 3CA-3CD and 3CB-3CD, updates S. 43B(h) Point No. 66
The Income Tax Department has released the latest common offline...
ITAT Weekly Round-Up
Top Stories ITAT Weekly Round-Up By Aparna. M – On...
No Coercive Action during Lok Sabha Election against INC, says Centre to Supreme Court in Rs. 3500 Cr Income Tax Demand Matter
In a significant development on Monday, the Union Government stated...
No Disallowance on payments towards PF and ESI made before due date of filing Income Tax Return u/s 139(1) of Act: ITAT [Read Order]
Top Stories No Disallowance on payments towards PF and ESI made...
GST Officers Attach Bank Account Despite Paying GST Arrears: Kerala HC Remands Matter Back to State Tax Officer [Read Order]
Top Stories GST Officers Attach Bank Account Despite Paying GST...
Taxpayer Claims IGST Refund instead of CGST/SGST mistakenly, fails to move any application to Correct Claim: Kerala HC dismisses Petition [Read Order]
Top Stories Taxpayer Claims IGST Refund instead of CGST/SGST mistakenly,...
No TDS Deduction Required on Commission Income earned by Foreign Agents Outside India: ITAT deletes Disallowance [Read Order]
Top Stories No TDS Deduction Required on Commission Income earned...
Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]
Top Stories Liability of Directors continue even though after dissolving...
ESOP Expenses are allowable expenditure u/s 37(1) of Income Tax Act: ITAT grants relief to HDFC Bank [Read Order]
Top Stories ESOP Expenses are allowable expenditure u/s 37(1) of...
ITAT deletes deduction claimed u/s 35(1)(ii) of Income Tax Act towards Donation made to ineligible Scientific Research Trust [Read Order]
Top Stories ITAT deletes deduction claimed u/s 35(1)(ii) of Income...
Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]
The Mumbai bench, Income Tax Appellate Tribunal ( ITAT )...
Share Market Update: These 25 BSE Stocks eligible for T+0 Settlement from Today
Top Stories Share Market Update: These 25 BSE Stocks eligible...
Year End Income Tax Compliance Alert! Complete these Before March 31, 2024
Top Stories Year End Income Tax Compliance Alert! Complete these...
Beware Income Tax Payers! These 10 High Value Transactions may Trigger IT Notices
Top Stories Beware Income Tax Payers! These 10 High Value...
Suspension of GST Registration Deemed to be Revoked if SCN Not decided within 30 Days of Reply: Punjab & Haryana HC [Read Order]
In a significant ruling the Punjab and Haryana High Court...
ITC Claim Rejected by Proper Officer Without Allowing Proper Opportunity to Hearing: Delhi HC sets aside Order passed u/s 73 of CGST Act [Read Order]
The Delhi High Court set aside the order passed under...
Year End Income Tax Compliance Alert! Complete these Before March 31, 2024
As we step into the new financial year starting from...
200% Income Tax Penalty if ITR-U not Filed by March 31: Know if You Have To
Taxpayers have a timeframe of 24 months from the end...
[BREAKING] Wrongful Remittance of GST to Old and New GSTINs by CA: Bombay HC directs Refund of Tax Deposited in Old Registration [Read Order]
Top Stories [BREAKING] Wrongful Remittance of GST to Old and...
Know the Income Tax Regime Changes Effective from April 1, 2024
Top Stories Know the Income Tax Regime Changes Effective from...
Average Income to be Considered when Variations detected in ITR Filed by Claimant: Karnataka HC [Read Order]
In a recent decision, the Karnataka High Court ruled that...
Major Changes in FY 2023-24 Income Tax Return Filing Forms: All You Need to Know
The Income Tax Return ( ITR ) forms for the...
ITAT deletes disallowance made towards Staff Welfare Expenses without giving opportunity [Read Order]
Top Stories ITAT deletes disallowance made towards Staff Welfare Expenses...
Income Tax Orders being not Conclusive Proofs not to be used for Discharge of Disproportionate Assets Cases: Supreme Court [Read Judgement]
A Two-Judge Bench of the Supreme Court held that the...
No Cross-Empowerment of CGST and SGST Authorities for GST Proceedings in Absence of Proper Notification u/s 6 of Respective GST Acts: Madras HC [Read Order]
Top Stories No Cross-Empowerment of CGST and SGST Authorities for...
857 days delay, including 56 Pre-Covid days Properly Explained: ITAT directs CIT(A) to Condone Delay in Appeal Filing [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (...
Failure to dispatch Form GST REG 31 to Assessee violates right to take appropriate remedy against GST Cancellation: Delhi HC sets aside SCN [Read Order]
In a recent case, the division bench of the Delhi...
Bail against PMLA offence cannot be claimed as a matter of Right for Treatment only at a Specialised hospital: Delhi HC [Read Order]
Top Stories Bail against PMLA offence cannot be claimed as...
Creation and Operation of 294 Fake Firms and Evasion of Rs.1,032 Crores GST: Rajasthan HC rejects Bail to Accused [Read Order]
Top Stories Creation and Operation of 294 Fake Firms and...
Services of Planning Travel Itinerary of Clients Classifiable as Air Travel Agent: CESTAT quashes Service Tax demand
The New Delhi Bench of the Customs, Excise and Service...
‘Inputs’ are meant for Day-to-Day Business Operations not required to be Capitalized in Books of Accounts under CGST Act: Allahabad HC [Read Order]
In a recent judgment the Allahabad High Court held that...
CBDT issues Departmental Guidelines for Filing of Income Tax Appeals before ITAT, HCs and SLPs/Appeals before Supreme Court [Read Circular]
Top Stories CBDT issues Departmental Guidelines for Filing of Income...
RBI infuses Rs. 75000 Cr to Banks ahead of GST, Advance Tax Drain-Out
Top Stories RBI infuses Rs. 75000 Cr to Banks ahead...
Unusual Spike in Demand for some Goods and Services: GST e-Way Bill Analytics tracked in Real-Time, warns Election Commission
The Indian government has initiated real-time tracking of Goods and...
Delhi HC orders GST Registration Cancellation Retroactively from Proprietor’s Death for Non-Filing of GSTR [Read Order]
The Delhi High Court recently directed the Goods and Service...
Income Tax Department releases JSON Schema for ITR-1 and ITR-4 for AY 2024-25
Top Stories Income Tax Department releases JSON Schema for ITR-1...
Transfer of FD of Deceased Husband during Demonetisation Period for purchase Agriculture plot: ITAT Remands matter to AO for verification [Read Order]
The single member bench of Income Tax Appellate Tribunal (...
Remuneration paid to Whole-Time Directors of Company in the form of Commission based on Profit constitutes an Employer-Employee Relationship, No Service Tax Applicable: CESTAT [Read Order]
Top Stories Remuneration paid to Whole-Time Directors of Company in...
Financial Year Closure: Income Tax Offices to Remain Open on March 29-31 to Complete Pending Works as per CBDT Order
Top Stories Financial Year Closure: Income Tax Offices to Remain...
Fraudulently Permitting Third party to use Customs Broker Licence in Exchange of Monthly Remuneration: Delhi HC upholds Suspension of CBL [Read Order]
Top Stories Fraudulently Permitting Third party to use Customs Broker...
Delay in Filing Income Tax Appeal: Kerala HC directs ITAT to Consider Appeal [Read Order]
Top Stories Delay in Filing Income Tax Appeal: Kerala HC...
Wrong Indication of GSTIN: Madras HC quashes Denial of GST Input Tax Credit for GSTR-3B GSTR-2A Mismatch [Read Order]
A Single Bench of the Madras High Court quashed the...
Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]
The Two member bench of Income Tax Appellate Tribunal (...
Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]
Top Stories Disallowance u/s 14A of Income Tax Act should...
Zomato Hit with 8.5 Crores Penalty by Gujarat GST Dept over excess ITC Availment and Short Payment of GST
The Gujarat GST department has issued an 8.5 crore Goods...
141 Days Delay in Filing Income Tax Appeal due to Mistake in Filing Appeal Manual Mode: Kerala HC Directs to Condone Delay [Read Order]
Top Stories 141 Days Delay in Filing Income Tax Appeal...
Failure to dispose Rectification application within time u/s 154 (7) of Income Tax Act and considering CBDT Circular: Kerala HC quashes Order [Read Order]
The single bench of Kerala High Court quashed the order...
54 Cr Ponzi Scheme Scam: Mumbai based Chartered Accountant disappears, Police lodges FIR
Top Stories 54 Cr Ponzi Scheme Scam: Mumbai based Chartered...
GST Registration cannot be Cancelled Retrospectively for Failure to Furnish returns for a continuous Period of 6 Months: Delhi HC Modifies Order [Read Order]
Top Stories GST Registration cannot be Cancelled Retrospectively for Failure...
ITAT Weekly Round Up
Top Stories ITAT Weekly Round Up By Aiswarya Krishnadas –...
Reassessment Proceedings under Income Tax Act without Application of Mind: Delhi HC upholds order of ITAT [Read Order]
Top Stories Reassessment Proceedings under Income Tax Act without Application...
Central Government imposes US $2000 PMT Minimum Export Price ( MEP ) on Honey Exports
Top Stories Central Government imposes US $2000 PMT Minimum Export...
Goods transferred from 100% EOU to its own Domestic Tariff area unit deemed Stock Transfer & Not Sale, Special Additional Duty not Applicable: CESTAT [Read Order]
The Ahmedabad Bench of Customs, Excise & Service Tax Appellate...
Common area Electricity Charges collected by Residential Welfare Associations from members deemed part of Composite Supply; Liable to GST if the service does not qualify for exemption: AAR [Read Order]
Top Stories Common area Electricity Charges collected by Residential Welfare...
Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]
Top Stories Relief to Amazon India: Delivery Cost and Warranty...
SBI issues Guide to NRI Taxation and FEMA Matters [Read Order]
The State Bank of India ( SBI ) has released...
No Service Tax leviable on “Incentives”, distinct from “Commission”: CESTAT [Read Order]
The Delhi Bench of Customs, Excise, and Service Tax Appellate...
Maintenance Charges collected by Residential Welfare Associations exceeding Rs.7,500 per month fully Taxable under GST at 18%: AAR [Read Order]
Top Stories Maintenance Charges collected by Residential Welfare Associations exceeding...
Reason to Believe for Confiscation of Goods under Customs Act must be based on Credible Material: Allahabad HC [Read Order]
In a recent decision the Allahabad High Court observed that...
Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (...
Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]
After the taxpayer presented Income Tax Returns ( ITRs )...
No Separate ITR Filing needed by Successor Companies for Business Reorganization ensued between between 2016 & 2022 : CBDT
CBDT issued an Order dated March 13, 2024, under section...
CHA Not required to advise on Assessment aspect to Clients unless Solicited: CESTAT set aside Penalty u/s 117 of Customs Act [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax...
CESTAT Re adjudication on Service Tax leviability of Work undertaken for BECL under Construction of Complex Service [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax...
DRI’s ‘Rising Sun’ Operation Busts Gold Smuggling Ring, Seizes Rs. 40 Crore Worth of Gold
The Directorate of Revenue Intelligence ( DRI ) dealt a...
Product Development Expenses shall be treated as Revenue Expenditure, eligible for Deduction: ITAT [Read Order]
Top Stories Product Development Expenses shall be treated as Revenue...
No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT...
Ex-gratia Bonus Paid Over And Above Eligible Bonus To Employees allowable As Business Expenditure of Indian Express: Bombay HC [Read Order]
Top Stories Ex-gratia Bonus Paid Over And Above Eligible Bonus...
Cash Deposit received from Mother as Gift during demonetization period properly Explained: ITAT deletes Addition u/s 69A [Read Order]
Top Stories Cash Deposit received from Mother as Gift during...
Woman Gets 6-Months Imprisonment for Rs. 2 Cr ITR Non-Filing
Top Stories Woman Gets 6-Months Imprisonment for Rs. 2 Cr...
Set Back to Indian National Congress: Delhi HC confirms Recovery of Outstanding Income Tax Demand Over Rs. 100 Crore
The Delhi High Court upheld the Income Tax Appellate Tribunal’s...
Telangana HC to Review constitutionality of CBIC Circular on Taxability of Personal and Corporate Guarantees in GST: Hearing set for May [Read Order]
The Telangana High Court has served notice to the government...
Limitation period to file Appeal starts from date of acknowledgment order not from dispatch date: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT...
No Service Tax payable on Ocean Freight/Sea Transportation Services: Bombay HC [Read Order]
The Bombay High Court has held that service tax is...
Kerala HC stays Recovery Proceedings under Income Tax Assessment Order till final decision of Stay Petition [Read Order]
In a recent case, the Kerala High Court stayed the...
Claim of ITC denied without Considering Reply: Delhi HC Directs Re Adjudication [Read Order]
Top Stories Claim of ITC denied without Considering Reply: Delhi...
Fraudulent Claim of Input Tax Credit based on Forged Invoice: Kerala HC upholds Denial of ITC [Read Order]
In a recent case, the Kerala High Court upheld the...
GST Assessment Proceedings in name of Deceased Assessee: Kerala HC directs to pass Fresh Assessment order [Read Order]
Top Stories GST Assessment Proceedings in name of Deceased Assessee:...
Transaction between Licensee and Licensor does not fall under renting of Immovable property: CESTAT sets aside Demand of Service Tax [Read Order]
The Chennai bench of Customs, Excise & Service Tax Appellate...
Kerala HC directs to Defer Income Tax Recovery till Disposal of Stay Petition before CIT(A) [Read Order]
Top Stories Kerala HC directs to Defer Income Tax Recovery...
No Evidence for Website Glitches: Kerala HC upholds Dismissal of Income Tax Appeal with Huge Delay of 115 days [Read Order]
A Single Bench of the Kerala High Court upheld the...
Alleged Suppression of Total Turnover and Evasion of Tax: Kerala HC dismisses Writ Appeal devoid of Merit [Read Order]
Top Stories Alleged Suppression of Total Turnover and Evasion of...
AAR and AAAR Weekly Round Up
Top Stories AAR and AAAR Weekly Round Up By Aiswarya...
Personal Hearing Mandatory prior to Issuance of Order u/s 148A(d) of IT Act: Kerala HC dismisses Revenue Appeal against Co-Op Society [Read Order]
A Division Bench of the Kerala High Court has ruled...
PayPal valid mode for Receipt of Foreign Export Proceeds under FEMA for GST Purposes: Madras HC [Read Order]
A Single Bench of the Madras High Court has held...
Delhi HC restores Canceled GST Registration by Proper Officer without Applying Mind [Read Order]
Top Stories Delhi HC restores Canceled GST Registration by Proper...
Delhi HC directs Re-adjudication upon SCN issued in Respect of Wrongly Claimed GST Credit [Read Order]
Top Stories Delhi HC directs Re-adjudication upon SCN issued in...
Allahabad HC upholds Penalty u/s 129(3) of GST Act for Late Production of E-Way Bill [Read Order]
The Allahabad High Court upheld the penalty under Section 129(3)...
Slow Movement of Truck shown due to Mechanical issues in engine: Allahabad HC quashes Penalty u/s 129(3) of UPGST Act [Read Order]
The Allahabad High Court quashed penalty under Section 129(3) of...
Delhi HC directs to cancel GST Registration of Copper Business from date of Submission of Application [Read Order]
Top Stories Delhi HC directs to cancel GST Registration of...
Leasehold Interest in Land is Asset of Company and Capable of Valuation: J&K and Ladakh HC [Read Order]
The Jammu and Kashmir and Ladakh High Court ruled that...
Tax Audit Form 3CD, Form 3CEB and Form 65 Amendments Decoded, with Hints on Section 43B(h) MSME Payment Mandate Extension
Top Stories Tax Audit Form 3CD, Form 3CEB and Form...
RBI issues Credit Card Network Choice Guidelines: Know All Details Here
In a move to foster increased customer choice and competition...
Non Filing Audit Report along with ITR is Procedural Omission: ITAT restores matter to allow Exemption u/s 11 of Income Tax Act [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (...
Tax Dues can be Recovered from Directors of Private Company u/s 39 of KVAT Act: Kerala HC [Read Order]
The Kerala High Court held that tax dues can be...
Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled...
Service Tax cannot be Demanded on Sole basis of Information from ITR and Form 26AS: CESTAT [Read Order]
Top Stories Service Tax cannot be Demanded on Sole basis...
Stamp Value on Date of Agreement on Sale of Property to be considered for Applicability of Section 56(2)(vii)(b) of Income Tax Act: ITAT [Read Order]
Top Stories Stamp Value on Date of Agreement on Sale...
Cash Deposits in Bank Account from Sale Proceeds received in Cash on due explanation, is not Unexplained Credit: ITAT [Read Order]
Top Stories Cash Deposits in Bank Account from Sale Proceeds...
ITR-U Alert: Income Tax Dept urges Taxpayers to File updated ITRs by March 31, 2024
As part of promoting voluntary compliance through e-verification scheme, 2021,...
GST on Real Estate: Know the Tax Rates on Commercial and Residential Property Rentals
Top Stories GST on Real Estate: Know the Tax Rates...
Service Tax not Leviable in Absence of Consignment Note, Services cannot be Considered as GTA Services: CESTAT [Read Order]
The New Delhi Bench of the Customs, Excise and Service...
Warranty Expenses and Delivery Cost are Activities Post-Sales, not AMP Expenditure For Amazon India: ITAT [Read Order]
In a recent ruling, the Bangalore Bench of Income Tax...
Time of Accrual for Taxing Income Postpones till Adjudication of Dispute by Civil Court: Rajasthan HC stays Demand Order [Read Order]
The Rajasthan High Court stayed the demand order and noted...
IBBI issues Circular to Enhance Transparency and Stakeholder Engagement in Liquidation Process
Top Stories IBBI issues Circular to Enhance Transparency and Stakeholder...
CESTAT Weekly Round-Up
Top Stories CESTAT Weekly Round-Up A weekly summary of Customs,...
CBDT extends Deadline for Processing of Non-Scrutiny E-ITRs Filed with Refund Claims to April 30, 2024 [Read Order]
Top Stories CBDT extends Deadline for Processing of Non-Scrutiny E-ITRs...
Delay in filing appeal before Lower Authorities due to Mistake of Counsel: ITAT directs Readjudication [Read Order]
Bangalore bench of Income Tax Appellate Tribunal ( ITAT ),...
Royalty is not payable in Instances of Trading of imported Finished Goods and on Goods repacked in India: CESTAT [Read Order]
Top Stories Royalty is not payable in Instances of Trading...
Receipts from sale of online videos to Indian clients is not taxable as ‘Royalty under India-USA DTAA: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT...
GST: ITC Allowable for Goods Purchased from External Vendors When Payment is Settled through Book Adjustment in Sale and Buyback Transactions, rules AAR [Read Order]
Top Stories GST: ITC Allowable for Goods Purchased from External...
Deduction u/s 80P of Income Tax Act cannot be allowed without filing Return of Income: ITAT
Top Stories Deduction u/s 80P of Income Tax Act cannot...
Finance Ministry implements ECL System for Import Duty Payments on Courier Imports from Today
Top Stories Finance Ministry implements ECL System for Import Duty...
Exemption u/s11(1) of Income Tax Act Not available for expense incurred for giving Mementos to Presidents and Secretaries of Milk Producers Association: ITAT [Read Order]
Top Stories Exemption u/s11(1) of Income Tax Act Not available...
ITAT directs readjudication on accounts addition made under Excess Receipts from Contract Works [Read Order]
Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ),...
Rs. 10000 Cr GST Bogus ITC Fraud: Noida Police apprehends Mastermind
Top Stories Rs. 10000 Cr GST Bogus ITC Fraud: Noida...
No GST Exemption for Nursing and Psychology Training Services Fee, Deemed Non-Healthcare: AAR [Read Order]
In a recent ruling, the Karnataka bench of the Authority...
Supply of Tree Pruners to Farmers is Exempt from GST: AAR [Read Order]
Top Stories Supply of Tree Pruners to Farmers is Exempt...
SCN provides No Reason for Retrospective GST Registration Cancellation: Delhi HC restores Registration [Read Order]
In a recent decision, the Delhi High Court restored the...
Deduction of TDS by Donor on Grants does not Disentitle NGO from exemption u/s 11 of Income Tax Act: Delhi HC [Read Order]
he Delhi High Court ruled that the deduction of TDS...
GST Exemption allowable on Supply of Dal to Department for Women, Children, Disabled and Senior Citizens: AAR
The Telangana Authority of Advance Ruling ( AAR ) ruled...
Failure to refer matter to Departmental Valuation Officers for Assessing Fair Market Value of Land Property: ITAT Partly allows Appeal [Read Order]
Top Stories Failure to refer matter to Departmental Valuation Officers...
Penalty u/s 271(1) shall be Calculated Based on Additions Made to Income Disclosed in ITR u/s 139(1) of Income Tax Act : ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (...
CESTAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories of the...
No Deduction of TDS u/s 194 C of Income Tax Act for land leveling Expenses: ITAT deletes Income Tax addition [Read Order]
Top Stories No Deduction of TDS u/s 194 C of...
GST Registration Cancellation shall be from Business Discontinuation Date, not Retrospectively w.e.f. 1st July 2017 unless deemed fit by Proper officer: Delhi HC [Read Order]
“Merely, because a taxpayer has not filed the returns for...
Sale Consideration as determined by Stamp Duty Authorities has to be adopted for purposes of Computation of Capital Gain: ITAT [Read Order]
Top Stories Sale Consideration as determined by Stamp Duty Authorities...
CBDT issues Corrigendum w.r.t ITR Forms 2, 3 and 5 to Insert Disclosures for Sections 80DD, 80U, and 54D
The Central Board of Direct Taxes ( CBDT ) has...
Salaried Citizen Alert! EPF Credits, Deposits and Transactions into Accounts Linked with Paytm Payments Bank to Stop from Tomorrow.
Top Stories Salaried Citizen Alert! EPF Credits, Deposits and Transactions...
Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]
Top Stories Income Earned from letting out of Auditorium is...
Failure to Furnish Proper ITR: ITAT upholds penalty u/s 271(1) (c) of Income Tax Act
Top Stories Failure to Furnish Proper ITR: ITAT upholds penalty...
No bar for Assessing Authority to issue more than one notice under Income Tax Act: Kerala HC [Read Order]
The Kerala High Court ruled that there is no bar...
Salaried Employees receive Income Tax Notice seeking Evidence for Deduction Claims in AYs 2021-22, 2022-23 and 2023-24
Top Stories Salaried Employees receive Income Tax Notice seeking Evidence...
Order passed by PrCIT without considering Written Submissions: Kerala HC directs to pass Fresh Orders [Read Order]
The Kerala High Court directed to pass fresh orders as...
Assessee Entitled to claim TDS Deduction in year on which Corresponding Income offered to Tax on non claiming of Double Deduction: ITAT [Read Order]
Top Stories Assessee Entitled to claim TDS Deduction in year...
Newly Launched Enhanced E-Invoicing Portal: GSTN releases GST Invoicing Portal Advisory
Top Stories Newly Launched Enhanced E-Invoicing Portal: GSTN releases GST...
Non reply to Section 133(6) of the Income Tax Act, Notice cannot necessarily lead to Disallowance of Petty Expenses: ITAT [Read Order]
Top Stories Non reply to Section 133(6) of the Income...
Formation of Trust for Compliance of CSR Requirements not Reason for Denying Registration u/s 12AA of Income Tax Act: SC condones Delay of 265 Days [Read Order]
The Supreme Court condoned delay of 265 days in the...
No Applicability of Limitation Period of 3 Years u/s 149 (1)(a) of Income Tax Act when Income Escaped Assessment is More than Rs.50 lakhs: Kerala HC [Read Order]
A Single Bench of the Kerala High Court observed that...
Capital Gain Account Scheme towards Cost of Improvement of Residential Property Acquired is Eligible for Deduction u/s 54F of Income Tax Act: ITAT [Read Order]
Top Stories Capital Gain Account Scheme towards Cost of Improvement...
CBIC Notifies Hike in Windfall Tax Rate for Crude Petroleum to Rs. 3,300 per Tonne
The Central government has announced a hike in the windfall...
ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]
Top Stories ITR Filed along with Form 10CCB: ITAT allows...
ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act
The two member bench of the Income Tax Appellate Tribunal...
Loans taken from Partnership Firms, in Violation of u/s 269SS of Income Tax Act: ITAT imposes Penalty u/s 275 (1) (c) of Income Tax Act [Read Order]
Top Stories Loans taken from Partnership Firms, in Violation of...
Finger Print Readers having individual Functions cannot fall under CTH of Computer Accessories: CESTAT [Read Order]
The Bangalore bench of the Customs, Excise & Service Tax...
Revocation of Customs Broker Licence for more than 4 Years due to Facilitating Fraudulent Import and Export: CESTAT sets aside Revocation of License [Read Order]
The Chennai bench of Customs, Excise and Service Tax Appellate...
Clear your Doubts: RBI issues FAQs w.r.t Restrictions imposed on Paytm Payment Banks Ltd.
Top Stories Clear your Doubts: RBI issues FAQs w.r.t Restrictions...
DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order]
Top Stories DVAT Registration Credentials Misused by Third Person for...
No Requirement of Commencement of activity for registration if Trusts already engaged in Charitable Activity: ITAT [Read Order]
In a recent case, the Pune bench of the Income...
Interpretation of Section 32(2) of Income Tax Act: SC disposes of SLP filed by Income Tax Dept [Read Order]
The Supreme Court of India disposes of the Special Leave...
Software Firms that Purchase Computer Software from Foreign Software Suppliers exempted from Deducting TDS: SC dismisses SLP [Read Order]
The Supreme Court of India dismissed a special leave petition...
No TDS on Minimum Guarantees Paid to Hotels: ITAT grants Relief to OYO Rooms [Read Order]
The Delhi Bench Income Tax Appellate Tribunal ( ITAT ),...
Non-Acceptance of Goods by Corporate Debtor does not equate to Operational Debt u/s 5(21) of IBC: NCLT [Read Order]
Top Stories Non-Acceptance of Goods by Corporate Debtor does not...
Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]
Top Stories Trust cannot be Barred from getting the benefit...
Government Rolls Out Changes to Gem and Jewellery Sourcing in SEZs under SEZ ( Amendment ) Rules, 2024
Top Stories Government Rolls Out Changes to Gem and Jewellery...
DGFT Notifies Indian Trade Classification ( HS ) based Export Policy
The Directorate General of Foreign Trade ( DGFT ), vide...
No Service Tax under Management, Maintenance or Repair in absence of Receipt of Consideration during warranty period: CESTAT [Read Order]
Top Stories No Service Tax under Management, Maintenance or Repair...
CESTAT sets aside Service Tax Demand on Work Contract Service for the period before 1.06.2007 [Read Order]
The Bangalore bench of the Customs Excise & Service Tax...
Income from Transfer of Channels being an Asset Outside India not Taxable u/s 9(1)(i) Income Tax Act: ITAT deletes Addition [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal...
Lok Sabha Passes Finance Bill, 2024 on 7th February
Top Stories Lok Sabha Passes Finance Bill, 2024 on 7th...
Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]
Top Stories Income Tax Deduction on Excise Duty does not...
More than 2 Lakh Individuals report an Income exceeding Rs.1 Cr in Income Tax Returns: MoS Finance in Rajya Sabha
In a recent session of Rajya Sabha, the Minister of...
Order of Assessment and demand of Building Tax pending before Deputy Tahasildar: Kerala HC dismisses writ petition [Read Order]
The Kerala High Court dismissed the writ petition challenging the...
GST Dept issues Section 150 ITC Mismatch Notices for GSTR-2B/GSTR-3B v/s GSTR-9 Discrepancies
The Goods and Services Tax ( GST ) Department has...
Property Seized by ED Must be Returned if PMLA Investigation Exceeds 365 Days: Delhi HC [Read Order]
Top Stories Property Seized by ED Must be Returned if...
Re-Assessment proceedings initiated beyond period of 4 years from end of relevant AY: ITAT sets aside proceedings u/s 147 of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (...
RBI to Issue Clarification on Paytm issue considering Large User Base: Financial Services Secretary
Amid the unfolding Paytm crisis, the Reserve Bank of India...
AO has not Bothered to Read Balance Sheet or Valuation Report: Bombay HC Quashes Reassessment Notice on Godrej [Read Order]
The Bombay High Court has invalidated the reassessment notice issued...
Relief to Flipkart: Supreme Court allows VAT Refund of Rs. 6.6 Cr [Read Order]
The Supreme Court in the case of Flipkart Pvt Ltd...
GST Appellate Tribunals Set to Begin Operations by July or August, says Revenue Secretary Sanjay Malhotra
Revenue Secretary Sanjay Malhotra has made some clarifications and confirmations...
Failure to Prove Genuineness of Cash Gift of Rs. 42 Lakhs: SC Upholds Income Tax Addition [Read Order]
Top Stories Failure to Prove Genuineness of Cash Gift of...
Allegation of Wrong Availment of IGST refund: Kerala HC directs to Issue Materials to File Reply to SCN [Read Order]
The Kerala High Court directed to issue materials to file...
GST Council may Consider Biometric-Based Registration Across India to Curtail Fake Registrations; says CBIC Chief
The Chairman of the Central Board of Indirect Taxes and...
Transaction done through Bombay Stock Exchange on STT cannot be considered as Sham or Bogus Transaction: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (...
CBDT Extends Deadline for Processing E-Filed ITRs with Refund Claims in Non-Scrutiny Cases until April 31, 2024
The Central Board of Direct Taxes ( CBDT ) has...
ITAT Weekly Round Up
The stories on the Income Tax Appellate Tribunal (ITAT) that...
MCA Establishes New CPC at IICA for Processing and Disposal of E-forms w.e.f. February 6, 2024 [Read Notification]
Top Stories MCA Establishes New CPC at IICA for Processing...
Future-Ready Accounting: Know Leading Robotic Process Automation Solutions for Accounting Firms
Top Stories Future-Ready Accounting: Know Leading Robotic Process Automation Solutions...
Supreme Court & High Courts Weekly Round-up
This weekly round-up analytically summarizes the key tax judgments of...
Income Tax Department to Wipe Out Petty Tax Demands for approx 80L Taxpayers on its own; says CBDT Chairman
The Central Board of Direct Taxes ( CBDT ) Chairman,...
ITR Forms for A.Y. 2024-25 notified in Advance: CBDT Notifies
The Central Board of Direct Taxes ( CBDT ) has...
Printing and Supply of Textbook to JCERT is Supply of Goods: AAR [Read Order]
The West Bengal bench of the Authority for Advance Ruling...
Interim Budget 2024: FM proposes to formalise Hike in TCS u/s 206C of IT Act on Foreign Remittances under LRS
The Interim Union Budget 2024 presented by Union Finance Minister...
Budget 2024: Rebate Limit Raises from Rs 5 lakh to Rs 7 lakh in New Tax Regime [Read Finance Bill]
In the budget 2024, the Central Government raised Rebate limit...
Income Tax Benefit: Budget 2024 Extends Date of Startup LLP/Company Incorporation for S. 80IAC Exemption by One More Year [Read Finance Bill]
Top Stories Income Tax Benefit: Budget 2024 Extends Date of...
Budget 2024: The Current New and Old Tax Slabs
Top Stories Budget 2024: The Current New and Old Tax...
Finance Bill 2024: Know Proposed manner of Distribution of Credit by Input Service Distributor under GST
In the Interim Union Budget 2024 announcement, the Finance Minister,...
Finance Bill 2024: FM Proposes Amendments to “Input Service Distributor” provisions under CGST Act [Read Finance Bill]
Top Stories Finance Bill 2024: FM Proposes Amendments to “Input...
Finance Bill 2024: Proposes Penalties for Failure to Register Certain Manufacturing Machines Under GST Special Procedure [Read Finance Bill
Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024...
Taxation and Interim Budget 2024: Achievements and Proposals [Read Finance Bill]
Top Stories Taxation and Interim Budget 2024: Achievements and Proposals...
Opportunity of Hearing is Mandatory u/s 75(4) of UPGST Act before Imposing Tax or Penalty: Allahabad HC [Read Order]
In a recent decision, the Allahabad High Court observed that...
IMPS Transfers using Mobile Number to be enabled by NPCI from Feb 1
In a significant move towards simplifying and enhancing the Instant...
Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]
Top Stories Percentage of Ownership Absent in Sale Deed: ITAT...
Input Tax Credit Can be Claimed on Service Received from a Foreign Service Provider: CESTAT Grants Relief to Ericsson India [Read Order]
Top Stories Input Tax Credit Can be Claimed on Service...
No Income Tax Exemption to News Agencies u/s 10(22B) w.e.f. 1st April 2024
Before the amendments introduced by the Finance Act of 2023...
How Delayed MSE Payments Trigger Deferred Deductions for Corporates w.e.f. 1st April 2024: Section 43B(h) Explained
Top Stories How Delayed MSE Payments Trigger Deferred Deductions for...
Ministry of Finance releases ‘The Indian Economy – A Review’ before Budget 2024
The Ministry of Finance has released the ‘The Indian Economy...
Here’s How You can Claim HRA Exemption on Rent Paid to Spouse
In the lead-up to Budget 2024, anticipation is building for...
Import of “Concrete Batching Plant” Not eligible for Customs Exemption Claim: Supreme Court rejects pleas
Top Stories Import of “Concrete Batching Plant” Not eligible for...
Imposition of Penalties within Realm of Tax Laws not to be Solely based on Insignificant Technical Errors Devoid of any Financial Consequences: Allahabad HC [Read Order]
In a recent decision, the Allahabad High Court observed that...
Counting Calories and Currencies: Budget 2024 Halwa Ceremony and Lock in Period
The Halwa ceremony, a traditional prelude to the Union Budget...
Marginal Delay of 11 Days: Bombay HC directs Income Tax Dept to accept Declaration under VSV Act [Read Order]
Top Stories Marginal Delay of 11 Days: Bombay HC directs...
ITR Update: CBDT notifies Changes in Form ITR 6 in Accordance with Amendment in Finance Act, 2023 w.e.f. April 1st 2024
The Central Board of Direct Taxes ( CBDT ) has...
Sufficient Cause for Delay of 1365 days: Allahabad HC upholds Decision of Commercial Tax Tribunal
The Allahabad High Court upheld the decision of the Commercial...
No GST on Employee’s Payment for Canteen Services: AAR
The Gujarat Authority for Advance Rulings (AAR) has ruled that...
Budget 24: Expects Additional Deduction for NPS
Top Stories Budget 24: Expects Additional Deduction for NPS Additional...
Legal fiction created u/s 2 (22) (e) of Income Tax Act not to be extended further for broadening concept of shareholders: ITAT [Read Order]
Top Stories Legal fiction created u/s 2 (22) (e) of...
Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]
Top Stories Pending Assessment get Abated u/S 153 A of...
LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (...
Non-Responsiveness to Statutory Notice and failure to produce evidence in assessement u/S 143(3) of Income Tax Act: ITAT dismisses appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (...
Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order]
Top Stories Loan payments made through bank transfers and not...
Imposing Penalty beyond time period prescribed by u/s 275(1) (c) of Income Tax Act: ITAT deletes Penalty on cash receipt of loans
The Delhi bench of the Income Tax Appellate Tribunal (...
No reopening of matter when grant of benefit u/s 11 of Income Tax Act, was subject matter of appeal: Bombay HC
Top Stories No reopening of matter when grant of benefit...
Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT)...
Time Limit prescribed for claiming ITC U/s 16(4) APGST Act is not unconstitutional: Andhra Pradesh HC [Read Order]
Top Stories Time Limit prescribed for claiming ITC U/s 16(4)...
DGFT Revises Import Policy Condition for Glufosinate Technical From ‘Free’ to ‘Prohibited’ w.e.f. January 25, 2024 [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), through...
CBDT exempts State Legal Service Authority Union Territory Chandigarh from Income Tax u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT ), vide notification...