Priti Nanda Vs CIT Appeals (Delhi High Court) 1. By way of the present petition, the Petitioner seeks a direction to the Respondents to list, hear and decide the first appeal filed by the Petitioner against the Assessment Order and freezing proceeding issued against her by the concerned Assessing Officer within a period of one […]
PAN of assessee should be cancelled by Income Tax department and credit for advance tax and TDS should be granted to assessee as per law.
Held that timely refund claim was filed by the petitioner before PIPDIC (lessor) instead of service tax department which was later on filed before service tax department but belatedly. Such refund claim should be processed by the service tax department.
Assessee found to be negligent, casual & noncompliant. So ITAT, refuse to condone inordinate delay of 789 days in filing appeal
If expenses are incurred for business, the same should be allowable as deduction and it is not necessary that expenditure may result in income or there must be substantial income.
Department should have adopted liberal approach in refusing request for time for filing objection to draft assessment order and finally passing assessment order. The department acted thick skinned.
Supreme Court grants relief to taxpayers, allowing a two-month window for claiming transitional credits on GST portal. Learn who benefits, the courts ruling, and steps for aggrieved taxpayers. Ensure your pre-GST credits flow seamlessly with this landmark judgment.
Salient features of new Section 148 to 151A ‘i.e. assessment/reassessment procedure of Income Escaping Assessment
Items like agriculture produce, cloth and footwear consumed by poor are either exempt or attract GST at a lower rate of 5%/12%.
A nominal GST of 5% applies to curd, lassi, butter milk and paneer, when sold in pre-packaged and labelled form, and Ultra High Temperature (UHT) Further, a GST of 12% applies to condensed milk, butter, ghee and cheese.
