Read the detailed analysis of the Insolvency and Bankruptcy Board of India (IBBI) Disciplinary Committees order on Mr. Sandeep Chandnas case dated January 5, 2024.
Rajasthan High Court held that imposition of penalty u/s. 270A of the Income Tax Act unjustified as application filed u/s. 270AA for immunity of penalty not decided by AO within prescribed time limit.
Read the detailed analysis of Vijapurapu Sudha Rao vs ITO case by ITAT Visakhapatnam. No penalty under section 271D for cash sale if promptly deposited in the bank.
Madras High Court directs de-freezing of Jey Tech Moulds Dies’ bank account as it filed a GST appeal and deposited 10% of the outstanding demand. Get the details here.
Delhi High Court ruling on Aasanvish Technology Pvt. Ltd. & Ors. vs. Directorate General of GST Intelligence. Officer with highest demand has jurisdiction.
Jharkhand High Court drops criminal proceedings under CGST Act, Section 174 IPC. Summon duly replied. Analysis of the case – Satyendra Singh Kushwah vs. State of Jharkhand.
ITAT Pune orders re-adjudication in Mahesh Shikshan Sanstha Vs CIT case. Failure to respond to notice under IT Rules 17A(2). Detailed analysis and implications.
Deduction under section 80IB (10) was allowable to assessee as it had a reasonable & bona fide cause for not filing the return of income within the time permitted under Section 139(1). Once in the given facts, assessee had been held entitled to claim the specifically computed deductions, then it should not be burdened with taxes which it was otherwise not liable to pay under law.
Andhra Pradesh High Court held that the phrase ‘duty of customs’ used in Section 26(1)(a) of SEZ Act only refers to duty leviable under Customs Act, 1962 but the said phrase does not include cess under GST Compensation Act. Thus, SEZ units are not exempted from payment of compensation cess on import of coal.
ITAT Delhi held that disallowance of purchases by treating it as bogus unjustified as the impugned purchases have been sold and the sales have been accepted as there cannot be any sale without purchases.
