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Non-Issuance of notice u/s 143(2) of Income Tax Act is not Curable Defect: ITAT quashes Assessment Order [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT),...
No Disallowance of ITC for wrong mention of GSTIN of Recipient in Form GSTR-1: Allahabad HC [Read Order]
A Division Bench of the Allahabad High Court held that...
Validity of Orders issued without DIN: Income Tax Dept set to move SC against HC Rulings
In a significant legal development, the Income Tax Department is...
Income Tax Dept can proceed against Employer for Recovery of Deducted Tax from Employee: Delhi HC [Read Order]
The Delhi High Court observed that the Income Tax Department...
Difference Between TCS and TDS: A Critical Analysis
INTRODUCTION TDS stands for Tax Deducted at Source. It is...
Will Fat Tax make us Thin in India: An Analysis
In India, there has been a growing burden of overweight...
Rs. 10000 fine if you have a Second PAN Card! Know how to Avoid and Surrender Second PAN Allotted
Not everyone possessing multiple or duplicate PAN cards harbors malicious...
Decoding GSTR 2A-GSTR 2B and ITC: Time Limits and Reversal under Rule 37
GST and Input Tax Credit – Minimising the Cascading Effect...
Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]
The Bombay High Court, has invalidated income tax assessments and...
Finance Ministry to Consider Pre-Filled GST Returns to Tackle Data Mismatch Woes, says Reports
The finance ministry is actively considering the implementation of pre-filled...
Tax Evasion Investigation: Income Tax Dept Conducts Survey at Hinduja Group Read More: https://www.taxscan.in/tax-evasion-investigation-income-tax-dept-conducts-survey-at-hinduja-group/347810/
On Wednesday, the Income Tax department initiated a survey operation...
Cabinet approves Terms of Reference for 16th Finance Commission
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi,...
Amount received for Renting of fit outs/movable properties would not fall under ‘Renting of immovable properties service’: CESTAT Quashes Service Tax Demand [Read Order]
The Chennai bench of the Customs, Excise and Service Tax...
No Service Tax Leviable on Activity of Laying of pipelines provided to Government under ‘Works Contract Service’: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax...
Rs. 900 Cr Restored to 3.5 Lakh Victims of Online Frauds: DFS Secretary Chairs Meeting on Cyber Security
The Indian Cyber Crime Coordination Center (I4C), under the Ministry...
Unsigned Order is Invalid: AP HC sets aside Demand Order issued u/s 73(9) of GST Act [Read Order]
The Andhra Pradesh High Court has invalidated a demand order...
RBI Issues Warning: Unauthorised Forex Platforms Pose Risks to Investors; Check the Platforms here [Read Order]
In the dynamic landscape of forex trading, the Reserve Bank...
CBIC issues Instructions for Serving of GST DRC-01 and uploading of DRC-07 Notices electronically on GST Portal by Proper Officer
In a significant move to enhance transparency and streamline procedures,...
Usage of Document found at business premises of Partnership Firm against Partners: Delhi HC closes appeal without substantial Question of Law
In a recent case, the Delhi High Court, while closing...
Usage of Document found at business premises of Partnership Firm against Partners: Delhi HC closes appeal without substantial Question of Law
In a recent case, the Delhi High Court, while closing...
No Service Tax Leviable on Institute conducting coaching and Training for issue of Pilot certificate which is recognized by law: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax...
Biscuits qualify as ‘Food Stuff’, eligible for Service Tax Refund: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax...
Discard ITR Option: All You Need to Know
The Income Tax Portal now allows users to discard the...
Order passed u/s 148A(d) of Income Tax Act without opportunity of being heard: Kerala HC directs re-adjudication [Read Order]
A Single Bench of Kerala High Court has directed re-adjudication...
Co-operative society receives/earns Interest on deposits with Co-operative bank is eligible for claim of Deduction u/s 80(2)(d): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT)...
79 Days of Delay In Filing Appeal under Income Tax Act: Delhi HC Condones Delay Considering Review proceedings Initiated by Assesse [Read Order]
The Delhi High Court condoned the 79 days of delay...
Supreme Court and High Court Weekly Round-Up
This weekly round-up analytically summarises the key tax judgments of...
Section 40(a)(ia) of Income Tax Act is Declaratory and Retrospective: Delhi HC [Read Order]
The Delhi High Court held that Section 40(a)(ia) of the...
ITAT Weekly Round Up
The most important stories on the Income Tax Appellate Tribunal...
Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]
The Delhi High Court has held that recovery proceedings under...
Block Chain Technology: The Future Toolkit for Chartered Accountants
-“‘Blockchain’ has emerged to become a potentially transformative force in...
GST Dept Refused to Update Current Place of Business: Delhi HC Directs to File Revocation Application of GST Cancellation [Read Order]
The Delhi High Court directed the assesse to file a...
Unexplained Credit Entry concerning Share Capital: Delhi HC quashes Income Tax Addition [Read Order]
The Delhi High Court quashed income tax addition made in...
ITC Claim done manually and not by Filing Form GST ITC 02 Electronically: Andhra Pradesh HC dismisses Writ Petition as Assessee fails to avail opportunity to submit evidence [Read Order]
The Andhra Pradesh High Court has dismissed the Writ Petition...
TDS Deducted by Employer cannot be Recovered from deductee as per section 205 of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court Tax Deducted at Source (TDS) deducted...
Income Tax Dept starts Intimation of Justification Reports from TRACES Portal w.r.t. short deduction of TDS in PAN-Aadhaar Linking Higher Rate
The Income Tax Department has started intimation of justification reports...
Interest on Delayed GST Refunds Shall be calculated From Expiration of 60 days after Refund Application, not from date of Appellate Order: Delhi HC [Read Order]
A Division Bench of the Delhi High Court composed of...
Cancellation of GST Registration Once Restored with Same Reason is not valid: Delhi HC [Read Order]
The Delhi High Court in a recent case held that...
Income Tax Department unearths Massive Rs. 10,000 Crore Tax Evasion by Online Retailers including Facebook and Instagram
The Income Tax (I-T) department has uncovered a substantial case...
Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT)...
Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT)...
Demand of Service Tax on Manpower Recruitment and Supply Agency Service and Security Service: CESTAT Remand matter for Verifying Documents [Read Order]
The Chennai bench of the Customs, Excise and Service Tax...
Auditing the Auditors: How much Responsibility is Too Much Responsibility
Auditing typically refers to financial statement audits or an objective...
Scrap Generated out of Landed Cost of Raw material, No Value Added Once again: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax...
Relief to Hyundai Motors: CESTAT Sets Aside Order Due to 9-Year Delay by ADGFT on Customs Exemption Application for Capital Goods Import under EPCG Authorization [Read Order]
In the significant case of Hyundai Motor India Limited, the...
Setback to Platino Classic Motors: Kerala HC rules no bar u/s 14 of IBC for Finalisation of Assessment and Adjudication Proceedings [Read Order]
In a setback to Platino Classic Motors India Private Ltd,...
Sixteenth Finance Commission Poised to Scrutinize State GST Revenue Collections
The upcoming establishment of the Sixteenth Finance Commission is anticipated...
Young CA Launches Alternative Investment Venture; Delivers more than 45% ROI within 4 Months of Launch
Chanakya Opportunities Fund, founded by a 25-year Old Chartered Accountant,...
Jaipur GST Dept Issues Order Regarding Verification of Pending GST DRC – 03 Challans
The Jaipur Goods and Services Tax (GST) department, vide order...
Anonymous Donations received by Trusts carrying on religious and charitable activities approved u/s 10(23C)(v) of Income Tax Act eligible for benefit of exclusion in Section 115BBC(2)(b) of IT Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that...
Cash deposited in name of various proprietorship concerns involving in bogus business activities: ITAT directs to restrict addition to extent of 0.05% of gross total [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while directing...
Kerala HC Dismisses Writ Petition Challenging Revenue Recovery Notice for GST Dues Citing Failure to Avail Statutory Remedy of Appeal against Assessment Order [Read Order]
The High Court of Kerala has dismissed a writ petition...
Kerala HC Directs Deposit of 10% Penalty Amount for Penalty Order u/s 67(1) of KVAT Act to Stay Recovery Proceedings, Citing Amendment to Section 55 [Read Order]
The High Court of Kerala has directed the petitioner to...
Retirement amount received by partner through Arbitration Proceedings from partnership firm is not chargeable to tax: Bombay HC quashes Reassessment Proceedings [Read Order]
In a recent case, the Bombay High Court, while quashing...
CESTAT Upholds Penalty u/s 77 (1)(c) of Finance Act based on Form 26AS obtained from Income Tax department on ground of Non-submission of Invoices [Read Order]
The New Delhi bench of the Customs, Excise and Service...
Service Tax Demand Under ‘Manpower supply Service’ by Invoking Extended Period: CESTAT Quashes Demand on ground of Limitation [Read Order]
The New Delhi bench of the Customs, Excise and Service...
CBDT Issues Instructions on Revised Timelines and Limits for Withholding Refunds under Section 245(2) of Income-tax Act [Read Order]
The Central Board of Direct Taxes (CBDT) vide Instruction No....
Stay Order passed by KVAT Tribunal Requiring Deposit of 20% of Tax, Kerala HC dismisses Writ Petition Citing No Jurisdictional issues or Abuse of Process [Read Order]
The High Court of Kerala has dismissed a writ petition...
Typographical Error Not a Ground to Quash Criminal Proceedings u/s 135 of Customs Act: Madras HC [Read Order]
The Madras High Court has held that the typographical error...
Assessment Order u/s 148 of Income Tax Act passed without considering merging of Transferor Company: Madras HC sets aside Assessment Order [Read Order]
The Madras High Court set aside an assessment order under...
Penalty on Customs Officer for abetting Gold Smuggling; Challenge on Not Providing Mandated Opportunity u/s 112 (a)(i)of Customs Act: Madras HC Directs to Seek Statutory Remedy [Read Order]
The Madras High Court directed the customs officer to file...
Madras HC directs GST Dept to Grant GST Registration Number as Assessee going to Run its Business [Read Order]
The Madras High Court directed the Goods and Service Tax...
Denial of Legitimate ITC Solely based on GSTR 2A & 3B difference, Kerala HC directs Assessing Authority to reconsider Petitioner’s Contentions relying on GST Circular No.183 [Read Order]
The High Court of Kerala has directed the Assessing Authority...
Imported Gold Detained under Customs Act as Mis Declared Country in Origin Certificate: Madras HC directs to Release Goods after Paying 100% Duty [Read Order]
The Madras High Court directed the customs authority to release...
Disallowance of loss due to Incorrect Comprehension of Section 43(6) of Income Tax Act: ITAT upholds order of CIT(A) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT)...
No Service Tax on activity to Military Engineering Services provided to Government: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise & Service Tax...
Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while directing...
Amputation of Right Hand due to Accident Caused by UPSRTC Resulted in Appointing Driver: Delhi HC upholds MACT Order Granting Compensation [Read Order]
The Delhi High Court upheld the order of the Motor...
Digital Economy: Emergence of new business models
INTRODUCTION The digital economy has given rise to a number...
From Swipe to Swipe: Bumble Date Takes a Pricey Turn with a Rs. 23k Non-GST Bill
A casual Bumble date took an unexpected turn for a...
Benefit of Article 8 of India-Singapore DTAA shall be allowed when Vessel Handling Charges were allowed to Tax by Indian Entity: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT)...
HRA not Paid to Deceased due to Allotment of Govt Accommodation: Delhi HC Upholds Addition of Allowance to Income [Read Order]
The Delhi High Court upheld the addition of House Rent...
Kerala GST Department issues Instructions on Payment of Non-GST Arrear Demands via e-Treasury Portal [Read Circular]
Kerala Goods and Services Tax (KSGT) department, vide trade circular...
Sale and Purchase Transaction in Own account does not Meet Facilitation as Commission Agent: ITAT upholds Determination of Income u/s 44D of Income Tax Act [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) upheld...
Income Tax Department Introduces Demand Facilitation Centre (DFC) to Ease Outstanding Tax Demands
The Income Tax Department, vide ‘X’ formerly known as twitter...
Creditworthiness can be Ascertained only from Availability of Funds and not from Period of Existence and Revenue Earning: Delhi HC upholds Deletion of Addition u/s 68 [Read Order]
The Delhi Bench of High court has upheld the deletion...
Customs Officers have no Authority to declare Title of Properties of any kind: Calcutta HC [Read Order]
In a significant case, the Calcutta High Court held that...
Vodafone Unable to Claim ITC on IGST Paid Due to Error: Andhra Pradesh HC allows Refund on Rectification of Mistake [Read Order]
The Andhra Pradesh High Court allowed a refund on rectification...
Delhi HC Stays Time Barred Notice Issued u/s 148 of Income Tax Act [Read Order]
The Delhi High Court in a recent case, stayed the...
“Transfer of property” completes only after extinguishing rights of owners : ITAT allows capital gain exemption [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench while allowing...
Delhi HC directs to Issue Income Tax Refund to Nokia Corporation based on Indemnity Bond [Read Order]
The Delhi High Court in the case of Nokia Corporation...
Delhi HC directs to Issue Income Tax Refund to Nokia Corporation based on Indemnity Bond [Read Order]
The Delhi High Court in the case of Nokia Corporation...
Defect in Share Valuation under Income Tax Act: Delhi HC Remands for Re-adjudication [Read Order]
The Delhi High Court remanded the matter for re-adjudication of...
Section 56(2)(vii)(c) Income Tax Act Not Invokable when New Shares is Issued: Gujarat HC [Read Order]
The Gujarat High Court has held that Section 56(2)(vii)(c) Income...
Central Govt Introduces Hybrid Working Option under SEZ Rules for Certain Employees; Notifies Rule 43A [Read Notification]
The Ministry of Commerce and Industry, vide notification no. G.S.R....
Punjab National Bank Faces ₹72 Lakh Fine from RBI for Violating Directions on Interest Rate and Customer Service Rules
The Reserve Bank of India (RBI) has imposed a monetary...
CBDT notifies Income Tax Exemption to Press Council of India u/s 10(46) [Read Notification]
The Central Board of direct Taxes (CBDT), vide notification no....
Anti-dumping Duty Leviable on Import of Cold rolled Stainless steel Coils Classifiable under ‘Mill Edged coils’: CESTAT [Read Order]
The Bangalore bench of the Customs, Excise and Service Tax...
Income Tax Notice issued u/s 148 on last date of Limitation Period not Time Barred: Delhi HC Dismisses Review Petition [Read Order]
The Delhi High Court held that the notice issued under...
FM Nirmala Sitharaman Inaugurates 12 GST Seva Kendras in Vapi; Distributes Mera Bill Mera Adhikaar Prizes
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman,...
Important Update: Customs Officials can now Amend GSTN for Bill of Entry after OOC
The Directorate General of Systems and Data Management has issued...
Supreme Court and High Court Weekly Round-up
This weekly round-up analytically summarises the key tax judgements of...
Arbitration Agreement Versus Arbitration Under MSMED ACT
Micro Small and Medium Enterprises has been the key focus...
Bad Debts Acquired from Predecessor-in-Interest: Delhi HC upholds Disallowance on Bad Debts amounting to Rs 5 crores [Read Order]
The Delhi High Court upheld the disallowance amounting to Rupees...
Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]
In a recent case, the Kerala High Court held that...
Case Digest on High Court Income Tax Judgements, 2016-17 – Part 5
No Relief to Himachal CM Virabhadra Singh, HC dismisses petition...
Question of Fantasy Gaming’s Actionable Claim under betting/Gambling needs Detailed Examination: Gujarat HC stays GST Notice
In a significant legal development, the Gujarat High Court presided...
Income Tax Update: CBDT Enables E- Filing Form 56F for A.Y. 2023-24
The Central Board of Direct Taxes (CBDT) has enabled the...
Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has...
Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that...
Activities of Loading and Unloading of Scrap, processing and Packing of Brass Rods amount to Manufacture and not to Manpower Recruitment Agency Service: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax...
Delhi HC confirms penalty of IRS Officer for over staying study leave for almost 6 years [Read Order]
The Delhi High Court confirmed the penalty of the Indian...
No Appellate Role for Courts Over Govt-Appointed Experts in Board Decisions unless there is Gross Miscarriage of Justice: Delhi HC dismisses Writ Petition against IBBI [Read Order]
The writ petition filed against the Insolvency and Bankruptcy Board...
Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has...
Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has...
MEITY Cracks Down on Illegal Betting: Blocks 22 Apps and Websites, Including Mahadev Book Online On request of ED
The Ministry of Electronics and Information Technology (MeitY) has taken...
Understanding Pre-Deposit Requirements for GST Appeals under Amnesty Scheme
The Ministry of Finance has introduced a special amnesty initiative...
Difference in Opening Stock and Closing Stock due to Clerical Mistake in ITR: ITAT upholds deletion of Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench observed that...
Delhi HC quashes order of Customs Dept classifying Imported Gold Coins under head ‘Coins’ of CTA [Read Order]
The Delhi High Court quashed the order of the Customs...
Relief to Intas Pharmaceuticals: CESTAT directs Re-adjudication against Reversal of CENVAT Credit of Excise Duty on ground of Non-examination of actual date of Service Receipt [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax...
Eligibility of CENVAT credit of Excise duty of any Service Received shall be Governed by Law Existing at Time of Service Receipt: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax...
CESTAT allows Refund of Service Tax paid to CHA subject to Verification of Customs Clearance Certificate [Read Order]
The Chandigarh Bench of the Customs, Excise and Service Tax...
Delhi HC sets aside Reassessment Order under Income Tax Act Triggered Mistakenly [Read Order]
The Delhi High Court in a recent judgement set aside...
CESTAT Upholds Denial of Benefit of VCES Scheme of Service Tax on ground of Violation of Section 106 of Finance Act [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax...
No Penalty under Income Tax Act in Absence of Concealment of Income: Delhi HC upholds Order of ITAT [Read Order]
The Delhi High Court ruled that no penalty under the...
Penalty u/s 112 (a)of Customs Act against CHA on Clearance of Imported Vessel without any Misclassification : CESTAT Set Asides Penalty [Read Order]
The Ahmedabad bench of the Customs, Excise, and Service Tax...
ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench deleted the...
Training Expenses on Skill Development not to be disallowed Treating it as Deferred Expense: Delhi HC upholds ITAT’s order
The Delhi High Court upheld the order of the Income...
Discrepancies found in Document produced for Registration of Trust u/s 12AA of Income Tax Act: ITAT directs Re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, directed re-adjudication...
No Service Tax on Freight Brokerage: CESTAT sets aside Demand of Service Tax [Read Order]
The Chennai Bench of Customs, Excise, and Service Tax Appellate...
Depreciation on Software calculated at Rate of 25% Instead of 60%: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]
The Delhi High Court upheld the Income Tax Appellate Tribunal...
GST Case Digest Series: High Court Tax Cases, 2018
GST is known as the Goods and Services Tax which...
New GST Appeal Amnesty Scheme Notification: What it Means for Taxpayers
In a move aimed at providing much-needed relief to taxpayers,...
AO Triggered Reassessment without due Application of Mind: Delhi HC Quashes Notice Issued u/s 148 of Income Tax Act [Read Order]
The Delhi High Court quashed the Re assessment notice under...
No Reversal of Cenvat Credit of Service Tax done on Already Paid Tax even if Activity does not Amount to Manufacture: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax...
Non Registration of a document u/s 22A of Registration Act doesn’t prevent a Person of Right to Enjoy his property: Telangana HC [Read Order]
The Telangana High Court has held that non-registration of a...
Delhi GST Department issues Instructions on Scrutiny of GST Returns for FY 2017-18
The Delhi Goods and Services Tax (GST) department has issued...
Central Govt notifies Amnesty Scheme for Condoning Delay in Filing Appeals; File your Appeals before 31st January 2024 [Read Notification]
The Ministry of Finance vide notification no. 53/2023– CENTRAL TAX...
Delhi HC upholds Income Tax Addition to Declared Income on Money received under Marketing Assistance Programme [Read Order]
The Delhi High Court upheld the income tax addition to...
Commissioner (Appeals) cannot Condone Delay for more than one month for Service Tax Appeals: Kerala HC [Read Order]
In a significant ruling the Kerala High Court observed that...