Madras High Court orders refund without interest charge when no revenue loss occurs, setting a precedent for GST and tax refund cases.
Kerala High Court directs Income Tax Department to consider stay petition in penalty proceedings initiated under Section 271A against Wexco Homes Pvt Ltd.
Kerala High Court dismisses writ petition against CGST assessment orders, stating statutory appeal under Section 107 of CGST Act is the appropriate remedy.
Regarding the provisional release of goods, the court declined to grant any interim relief since the writ petition itself was not entertained. However, recognizing the perishable nature of the goods and the potential financial impact on the petitioner, the court directed the Appellate Authority to expedite the consideration of the petitioner’s Interim Application for the provisional release of goods.
Gujarat High Court’s decision on Shyamlal Rupchand Parwani vs ACIT, rejecting interference at the Section 153C notice stage and emphasizing legal procedure.
Read Kerala High Court’s directive to reopen the GST portal for J. Kumar Vs State Tax Officer, allowing for the overdue GST return submissions.
ITAT held that taxation should be based on real income. It found that the AO’s attempt to tax hypothetical income was unjustified. Furthermore, it was established that the credit note adjustments made for benchmarking purposes were legitimate and in accordance with the tax provisions.
Explore the Supreme Courts recent directive on hybrid hearings, detailing High Courts responses, infrastructure challenges, and the roadmap for technological adoption in the legal system.
Ensure your books are ready for closure on March 31, 2024, with our comprehensive accounting checklist, covering tax, compliance, and audit trail requirements
Explore the 5-year journey of GST’s impact on MSMEs in India, uncovering the pros, cons, and future directions for streamlined tax compliance and growth.
