The Punjab and Haryana High Court has ruled that amounts seized from a third party cannot be adjusted against the advance tax liability of the assessee. The case involved a…
08/09/20241 min read
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The Punjab and Haryana High Court has ruled that amounts seized from a third party cannot be adjusted against the advance tax liability of the assessee. The case involved a…
The Supreme Court of India has dismissed a plea seeking the implementation of a rating system for Goods and Services Tax GST payers. The petitioner argued that such a system would…
The ITAT has ruled that a taxpayer is eligible for deductions under Section 80IA 4 of the Income Tax Act, which provides tax benefits for operating and maintaining infrastructure…
The ITAT has set aside a penalty imposed under Section 271 1 c of the Income Tax Act, which deals with penalties for concealment of income or inaccuracies in tax returns. The…
The ITAT has remanded a case back to the Assessing Officer AO after the Commissioner of Income Tax Appeals CIT A rejected certain income tax returns ITRs and supporting documents…
The ITAT has quashed the disallowance of expenses under Section 14A of the Income Tax Act, which relates to the treatment of expenses incurred for earning tax-exempt income. The…
The Bombay High Court has invalidated reassessment notices issued under Section 147 of the Income Tax Act. Section 147 allows the tax authorities to reassess income if there is…
The ITAT has dismissed claims that Long-Term Capital Gains LTCG were fabricated in the sale of unquoted shares. The tribunal upheld the validity of the sale price as declared by…
The ITAT has determined that if a credit entry is found in the capital account of partners in a partnership firm, such an entry cannot be considered for addition under Section 68…
The Income Tax Appellate Tribunal ITAT has ruled that co-operative societies providing credit facilities to their members are eligible for tax deductions under Section 80P 2 a i…
In this case, the Income Tax Appellate Tribunal ITAT dismissed an appeal related to the registration of a trust under Section 80G 5 , which provides for tax deductions on…
The Delhi High Court has determined that a writ petition challenging the actions of a Non-Banking Financial Company NBFC under Section 142 of the SARFAESI Act is not maintainable.…
The Madras High Court recently invalidated a Tamil Nadu Goods and Services Tax TNGST order due to the failure of the authorities to consider additional replies and hearing…
The Income Tax Appellate Tribunal ITAT recently addressed a case where there was a significant delay of 331 days in filing an appeal related to Section 80G of the Income Tax Act.…
The ITAT ruled that disallowance under Section 14A of the Income Tax Act, which pertains to expenses incurred in relation to exempt income, cannot exceed the exempt income itself.…
The ITAT set aside an order by the Commissioner of Income Tax Exemptions CIT E that had rejected an application under Section 80G 5 for lack of proper hearing. The tribunal found…
The Allahabad High Court ruled that proceedings under Section 130 of the GST Act, which deals with confiscation, cannot be initiated solely based on excess stock found during a…
The ITAT upheld the revision order issued by the Principal Commissioner of Income Tax PCIT concerning an inadequate inquiry into a ₹9.30 crore property investment. The ITAT found…
The CESTAT ruled that Mediclaim processing charges form part of healthcare services and are not subject to service tax. The tribunal clarified that processing claims under…
The CESTAT quashed a service tax demand and penalty imposed on joint venture movie screening agreements, ruling that such agreements do not fall within the scope of taxable…
In a landmark decision, the ITAT reversed the Principal Commissioner of Income Tax PCIT ’s decision to add ₹1.67 crore worth of doubtful debts to the book profit under Section…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT quashed a service tax demand order that was based solely on book entries. The tribunal observed that book entries do…
The Calcutta High Court ruled that no penalty could be imposed on a taxpayer who has fulfilled their tax liability. In this case, the tax authorities had imposed a penalty despite…
The Madras High Court ordered the provisional release of copying machines that had been seized on the grounds that they violated a restriction notification issued by the…
The Delhi High Court set aside the cancellation of a Non-Banking Financial Company NBFC registration after it failed to meet the Reserve Bank of India's RBI mandate of maintaining…
The ITAT ruled that cash seized from the premises of a partner cannot be adjusted against the tax liability of the partnership firm. The case arose when authorities seized cash…
The Income Tax Appellate Tribunal ITAT ruled that penalties under Section 270A of the Income Tax Act cannot be imposed if there is no difference between assessed income and…
The Madras High Court directed the Income Tax Department to dispose of a taxpayer's compounding application within four weeks after it was found that the department initiated…
In a significant ruling, the Chandigarh High Court held that a taxpayer is liable for interest under Section 234B of the Income Tax Act for delayed payment of advance tax, even if…
The GST Council is contemplating imposing an 18% GST on services provided by payment aggregators for transactions under ₹2000. This decision, expected to emerge after the next…
Starting October 2024, India will introduce a new GST Invoice Management System aimed at revolutionizing how businesses manage invoices under the GST regime. The new system…
The Madras High Court quashed a GST-related adverse order passed due to the non-appearance of the assessee during a hearing. The assessee had failed to appear before the…
The Supreme Court of India dismissed a Public Interest Litigation PIL regarding the implementation of a compliance rating mechanism under the Central Goods and Services Tax CGST…
The Allahabad High Court ruled that failing to disclose a new GST registration is not a sufficient reason to dismiss a GST appeal. The petitioner had not informed authorities…
The Madras High Court set aside a GST order due to the denial of a personal hearing caused by a printing error in the Show Cause Notice SCN reply form. The petitioner argued that…
The Income Tax Appellate Tribunal ITAT denied an exemption under Section 10 38 of the Income Tax Act for long-term capital gains on share sales. The Tribunal found that the…
In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT provided relief to Jio by ruling that there was no basis for the recovery of interest or…
The 54th GST Council meeting will also explore the possibility of extending the e-invoicing mandate to business-to-consumer B2C transactions. Currently, e-invoicing is mandatory…
The Allahabad High Court raised concerns about the misuse of the Protection of Children from Sexual Offences POCSO Act and the shortage of radiologists for conducting ossification…
Finance Minister Nirmala Sitharaman has clarified that there is no friction between the Centre and the states regarding GST. She emphasized the importance of respecting the…
New GST filing rules introduced by the government are expected to boost transparency and efficiency within the tax system. Key changes include the implementation of automated…
The 54th GST Council meeting is set to focus on two critical issues: rate rationalization and reforms in the real estate sector. The Council, chaired by Finance Minister Nirmala…
The Goods and Services Tax Network GSTN has introduced biometric-based Aadhaar authentication and document verification for GST registration applicants in Bihar, Delhi, Karnataka,…
The Delhi High Court ruled in favor of Delhi University in a dispute with St. Stephen's College regarding the seat matrix for admissions. The Court's decision supports the…
The Allahabad High Court dismissed a plea challenging the senior advocate designations granted in 2019. The petition had contested the process and criteria used for awarding the…
The ITAT ruled that Section 68 of the Income Tax Act, which deals with unexplained cash credits, cannot be invoked merely because a cash deposit violates RBI notifications. If the…
The Bombay High Court mandated that video recordings be made mandatory during the registration of FIRs under the SC/ST Act. This ruling aims to ensure transparency and accuracy in…
A Delhi court convicted a man for bouncing a cheque related to a lawyer's fee. The case highlights the legal consequences of failing to honor financial commitments in professional…
The Delhi High Court's ruling in the dispute between Delhi University and St. Stephen's College concerning the seat matrix confirms the university's authority over admissions…
The Delhi High Court urged the Delhi Development Authority DDA to pursue a settlement approach to resolve disputes and avoid lengthy litigation. The Court's recommendation comes…
The Punjab and Haryana High Court has ruled that amounts seized from a third party cannot be adjusted against the advance tax liability of the assessee. The case involved a…
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