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The Madhya Pradesh High Court ruled that a trust property transfer cannot take place without adherence to the MP Public Trusts Act. The court emphasized that statutory compliance…
The Telangana High Court ruled that individuals arrested must be produced before a magistrate within 24 hours, as mandated under Section 57 of the CrPC. The court emphasized the…
The Supreme Court held that suspension of sentence under Section 389 of the CrPC cannot be denied merely because another trial is pending against the accused. The court emphasized…
A tribunal under the Unlawful Activities Prevention Act UAPA has upheld the government's decision to ban the Jammu and Kashmir Liberation Front JKLF , headed by Yasin Malik. The…
The Patna High Court stayed the recovery of GST dues from a payer, stating that the taxpayer cannot be deprived of benefits due to the non-constitution of the GST Appellate…
In a ruling by the Delhi High Court, simply writing “I am satisfied” was deemed not a valid approval for a notice under Section 148 of the Income Tax Act. The court emphasized…
The CESTAT set aside the confiscation of 3 out of 10 alleged foreign-origin gold bars, citing the department's failure to prove the defacement of those particular bars. The…
The ITAT remanded a revision order back for re-examination concerning a company's claim under Section 56 2 viib of the Income Tax Act. The case involved whether the company…
SAMHI Hotels has approved the acquisition of 100% of Innmar Tourism and Hotels for ?205 crore. The acquisition is part of SAMHI’s strategy to expand its footprint in the Indian…
In a case where no notice for hearing was served to the assessee, ITAT restored the file for denovo proceedings. The tribunal found that the failure to provide proper notice…
The Income Tax Appellate Tribunal ITAT quashed a denial of registration of a trust due to delayed filing, citing the interpretation as leading to an absurd situation. The tribunal…
The GSTN has issued an advisory on properly entering RR numbers and parcel waybills into the EWB system following the integration of the EWB and PMS systems. This advisory is…
The GSTN portal has added Tamilnad Mercantile Bank TMBL to its list of banks authorized for GST payments. With this addition, the total number of banks available for GST payments…
The Madhya Pradesh High Court ruled that objections to the jurisdiction of an arbitrator raised under Section 34 of the Arbitration Act should be limited to questions of…
CBIC has issued a crucial instruction concerning officer mapping and de-mapping on the GSTN portal. This directive aims to streamline the process of officer assignments in the…
The Delhi High Court has disposed of a lawsuit between Bhavik Koladiya and Ashneer Grover after the parties reached a settlement. The suit was related to a dispute over business…
SEBI has shortened the listing process for debt securities and non-convertible redeemable preference shares from T+6 days to T+3 days. This new directive aims to enhance the…
In a significant move to increase financial inclusion, Google has partnered with Muthoot Finance to offer gold loans to small businesses through Google Pay. This collaboration…
The AAR ruled that the supply of aggregates made from boulders is subject to a 5% GST rate. The ruling provided clarity on the classification and taxability of materials used in…
The Supreme Court has permitted input tax credit ITC under GST for construction expenses incurred on buildings used for providing rental services. The ruling clarified that these…
The Central Board of Direct Taxes CBDT has outlined the procedure for filing declarations and undertakings in Form 1 under the Direct Tax Vivad Se Vishwas Rules, 2024. This…
Finance Minister Nirmala Sitharaman has instructed the Income Tax Department to review cases lost in the High Courts and the Supreme Court. The objective is to analyze the…
The Delhi High Court quashed a Show Cause Notice SCN that alleged wrongful availment of Input Tax Credit ITC under Section 73 of the CGST Act. The Court observed that the…
The Income Tax Appellate Tribunal ITAT ruled that filing Form 67 within the deadline while submitting an Income Tax Return ITR is sufficient to claim Foreign Tax Credit FTC . The…
The ITAT quashed a reassessment order that added ?10 lakh to a taxpayer's income based on intraday profits. The Tribunal held that the profits were below the threshold requiring…
A subcontractor challenged a Service Tax demand, arguing that the main contractor had already made the payment. The Customs, Excise and Service Tax Appellate Tribunal CESTAT…
CESTAT quashed the invocation of the extended period of limitation in a Service Tax case, citing the principle of revenue neutrality. The Tribunal held that if there is no net…
CESTAT quashed a Service Tax demand related to non-forest land clearance and Net Present Value NPV charges, ruling that such activities do not constitute declared services under…
The Madras High Court quashed a GST order that was passed prematurely, 10 days before the expiration of the time limit for the taxpayer to file a reply. The Court criticized the…
The Appellate Authority for Advance Ruling AAAR ruled that no Input Tax Credit ITC is available for the purchase of a rotary car parking system under Section 17 5 d of the CGST…
In a case concerning the mismatch in Input Tax Credit ITC under GST, the Madras High Court allowed the petitioner to defend the case upon payment of a 10% pre-deposit. The court…
The RBI has provided a status update on the withdrawal of ?2,000 currency notes, confirming that the notes will continue to be valid, but must be exchanged by October 7, 2024.…
The ITAT ruled that the late application for registration under Section 80G 5 should be reconsidered by the CIT E . The Tribunal directed the CIT E to allow the applicant to file…
The ITAT quashed an assessment order passed under Section 153 due to the delay by the National Faceless Assessment Centre NFAC in applying the digital signature, which exceeded…
The Madras High Court set aside a GST demand order in which 41% of the disputed tax amount was recovered without providing the taxpayer an opportunity to be heard. The court ruled…
The ITAT provided relief to IDFC, directing the Assessing Officer AO to limit the disallowance under Section 14A of the Income Tax Act to 0.5% of the exempt income earned. The…
The ITAT clarified that adjudication and advance rulings are independent of each other. In a ruling under the Customs Act, it was held that an advance ruling given by the…
The ITAT dismissed an appeal filed by the Revenue against Geojit Financial Services, ruling that it was infructuous due to being a duplicate appeal. This ruling reiterates the…
In a GST case involving the issuance of two Show Cause Notices SCNs by different officers for the same assessment year, the Madras High Court directed the tax authorities to issue…
The government has extended the time limit for employers to deposit TDS from October 1, 2024. This extension provides employers with additional time to comply with tax deduction…
The CESTAT rejected an appeal under the Central Excise Valuation Rules on grounds of limitation. However, the Tribunal directed the authorities to provide the appellant with an…
The Income Tax Appellate Tribunal ITAT ruled that the Principal Commissioner of Income Tax PCIT 's action under Section 263 was invalid, as it constituted a second opinion on the…
The ITAT emphasized that for invoking Section 263 of the Income Tax Act, two conditions must be met: the order must be erroneous, and the error must be prejudicial to the…
The ITAT clarified that any reassessment of income tax beyond the three-year limit requires the approval of the Principal Chief Commissioner or the Director-General. In this case,…
The Madras High Court ruled that powder coating of yokes, links, and tubes qualifies as a works contract under VAT laws. The court clarified that since powder coating involves an…
The National Financial Reporting Authority NFRA issued a circular emphasizing the responsibilities of the principal auditor and other auditors in group audits. The circular…
The ITAT set aside an ex-parte order that added ?29.5 lakh to the taxpayer's income, citing the assessee’s illness and her husband's demise as valid reasons for non-appearance…
The Authority for Advance Rulings AAR rejected Mitsubishi's application for rectification of an alleged error in an advance ruling. The AAR held that there was no obvious error in…
The ITAT ruled that interest earned from a savings account in a cooperative bank cannot be classified as income or dividends from investments. The tribunal clarified that such…
The Madras High Court quashed the GST recovery proceedings initiated against a deceased person, declaring the assessment orders and notices void ab initio. The court ruled that…
The Madhya Pradesh High Court ruled that a trust property transfer cannot take place without adherence to the MP Public Trusts Act. The court emphasized that statutory compliance…
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