The Madras High Court directed the GST department to expedite the review of a disputed 14.5% interest levy imposed on a reseller. The case arose after the reseller challenged the…
02/09/20241 min read
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The Madras High Court directed the GST department to expedite the review of a disputed 14.5% interest levy imposed on a reseller. The case arose after the reseller challenged the…
The ITAT directed a detailed verification of KYC Know Your Customer documentation related to the Specified Bank Notes SBN deposits made by a cooperative society during the…
The Madras High Court condoned the delay in filing the GSTR-3B return due to the taxpayer's confusion stemming from a GST amendment in Section 62 2 . The court recognized that the…
The ITAT remanded a case to the CIT A for fresh adjudication due to an extended gap during the COVID-19 pandemic, which led to the inability of the appellant to track hearing…
The ITAT allowed a 69-day delay in the filing of an appeal, recognizing the delay as being caused by a "reasonable cause." The appellant had argued that the delay was due to…
The ITAT of Bangalore ruled that cooperative societies registered under the Karnataka Souharda Sahakari Act are eligible for deductions under Section 80P of the Income Tax Act.…
The Income Tax Appellate Tribunal ITAT ruled that the delayed filing of Form No. 67 should not disqualify a taxpayer from claiming Foreign Tax Credit FTC . The tribunal held that…
The Delhi High Court directed customs authorities to consider a Merchandise Exports from India Scheme MEIS claim application, despite the issuance of an amendment certificate…
The Income Tax Appellate Tribunal ITAT condoned a 112-day delay in filing an appeal before the Commissioner of Income Tax Appeals , citing no malafide intention on the part of the…
The Income Tax Appellate Tribunal ITAT remanded a case involving unexplained credits of ₹11 crore, which the taxpayer attributed to disruptions caused by COVID-19. The taxpayer…
The Goods and Services Tax Network GSTN has updated the bank accounts section under the amendment of registration for non-core fields with a new interface. This update is aimed at…
The Indian government released the gross and net GST collections for August 2024, revealing strong fiscal performance. Gross GST revenue stood at ₹1.75 lakh crore, with the net…
The Central Board of Indirect Taxes and Customs CBIC has implemented new regulations concerning the Sea Cargo Manifest and Transshipment at customs ports across India. These…
The Income Tax Appellate Tribunal ITAT imposed a fine of ₹1,000 on a taxpayer for non-appearance during assessment proceedings. The fine is to be paid to the Prime Minister's…
The Competition Commission of India CCI dismissed an anti-profiteering case against DLF, a prominent real estate developer. The case alleged that DLF had benefited from additional…
The Income Tax Appellate Tribunal ITAT ruled that a registered gift deed for immovable property cannot be treated as unexplained cash credit under Section 68 of the Income Tax…
The Calcutta High Court ruled that Section 271 1 c of the Income Tax Act, which deals with penalties for concealment of income or inaccurate particulars, is not applicable when an…
The Punjab & Haryana High Court deleted the Arms-Length Price ALP adjustment made by the Income Tax Department due to a lack of justification in the comparables used during the…
The Competition Commission of India CCI ordered a cinema chain to deposit ₹54.4 lakhs, along with interest, after it was found guilty of profiteering. The chain had failed to…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the rental of earth-moving equipment does not constitute a taxable service under the Service Tax law. The…
The Calcutta High Court quashed an attachment order issued against an assessee who failed to file a GST appeal due to illness. The court recognized the assessee's genuine…
The Bombay High Court overturned the cancellation of a trust's registration due to a notice being misdelivered to an incorrect email address. The trust had failed to respond to…
Infosys has been penalized ₹3 crore by the tax authorities for alleged discrepancies related to Input Tax Credit ITC and payments under the GST regime. The penalty was imposed…
Siemens has been served a tax demand of ₹29.4 crore by the Indian Income Tax Department. The demand was issued after the department detected discrepancies in the company's tax…
The Goods and Services Tax GST collections in India surged by 10% in August 2024, reaching ₹1.75 lakh crore, compared to the same period in the previous year. This marks the third…
The Supreme Court has declined to entertain a Public Interest Litigation PIL seeking a social caste census. The court’s decision reflects its stance on the appropriateness of…
The Income Tax Appellate Tribunal ITAT upheld a 50% disallowance of expenses claimed for motor car and bike usage by a taxpayer due to their failure to provide adequate details…
The Karnataka High Court has examined allegations regarding the Mysore Urban Development Authority MUDA allocating land to the wife of former Chief Minister Siddaramaiah during…
The Shipping Corporation of India SCI is facing a significant Goods and Services Tax GST demand of Rs 160 crore for the financial year 2019-2020. The demand arises from a mismatch…
The Allahabad High Court has dismissed a petition challenging a GST demand of ₹37 lakh under Section 129 of the GST Act, where the value of the goods involved was ₹31.5 lakh. The…
PVR Inox has announced the closure of 70 underperforming cinema screens across India. The decision is driven by declining revenues and changing consumer preferences. The article…
Business Standard covers Google’s partnership with Tamil Nadu to develop the AI ecosystem through an initiative called ChennAI. The collaboration aims to foster innovation and…
SharePriceIndia reports that Jio Financial is preparing for its market launch in collaboration with BlackRock through a joint venture. This strategic partnership aims to leverage…
This article from LiveMint details the ongoing legal battle involving Adani Power and Reliance Infrastructure regarding a refund related to a Himachal Pradesh hydropower project.…
The Directorate General of Trade Remedies DGTR has increased the anti-dumping duty on Polyethylene Terephthalate PET resin imported from Wankai New Materials Co., Ltd., a Chinese…
LiveMint covers the planned merger of Gujarat State Petroleum Corporation GSPC , Gujarat Energy Transmission Corporation Limited GEL , and Gujarat State Petronet Limited GSPL into…
The Central Board of Direct Taxes CBDT has launched the e-Dispute Resolution Scheme e-DRS 2022 to minimize litigation and streamline the resolution of disputes. The scheme allows…
The Supreme Court ruled that the sale of lottery tickets by the state does not constitute a service under service tax regulations, thus wholesalers are not liable for service tax.…
Senior advocate Kapil Sibal raised concerns over the challenging conditions faced by trial judges in India, including inadequate salaries, low pensions, and limited opportunities…
The Supreme Court of India held that seniority cannot be retrospectively granted to employees from a date when they were not even part of the cadre. This ruling came in response…
The Supreme Court of India has directed the Central Bureau of Investigation CBI to probe why the Archaeological Survey of India ASI and the Centre withdrew protection from the…
The Calcutta High Court has directed the restoration of a taxpayer's canceled GST registration due to non-filing of returns, in the absence of any dubious act or fraudulent intent…
This article discusses a decision by the Customs, Excise, and Service Tax Appellate Tribunal CESTAT which validated GAIL India Ltd.'s claim for a service tax refund. The refund…
The Madras High Court has ordered ECL, a company, to make a 25% pre-deposit as a condition for reconsidering its Goods and Services Tax GST case, where the accountant had failed…
The Income Tax Appellate Tribunal ITAT has rejected a 25% addition made to an assessee's income for unverifiable purchases under Section 153A of the Income Tax Act. The tribunal…
The Delhi High Court has ruled against the petitioner seeking the release of gold bars, citing their failure to respond to a timely Show Cause Notice SCN issued under Section 110…
The Allahabad High Court imposed a fine of ₹1 lakh on a senior citizen who made baseless allegations against judges in a case that the court found to be frivolous. The court's…
The Jharkhand State Legal Services Authority JHALSA , in collaboration with the District Legal Services Authority DLSA , organized a comprehensive legal empowerment camp aimed at…
The Supreme Court has overturned the High Court's cut-off criteria for interviews of district judge aspirants, declaring it contrary to established rules. The ruling mandates that…
The Delhi High Court expressed concern over the "complete lack of clarity" in the government's regulations concerning the arms and ammunition industry. The court was hearing a…
The Madras High Court directed the GST department to expedite the review of a disputed 14.5% interest levy imposed on a reseller. The case arose after the reseller challenged the…
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