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Archive: March, 2024

Posts in March, 2024

Rajasthan HC Grants Bail in Alleged ₹1046.74 Crore GST Evasion Case

March 22, 2024 2355 Views 0 comment Print

Rajasthan High Court’s decision to grant bail to Rishabh Jain in a significant GST evasion case amounting to ₹1046.74 crores. Understand the legal arguments, precedents, and implications of the judgment.

HC Grants Bail in ₹21.16 Crore GST Scam with Fake Firms & Illicit ITC

March 22, 2024 1578 Views 0 comment Print

Explore the Rajasthan High Court’s decision to grant bail in a ₹21.16 crore GST scam involving fake firms & illicit input tax credit (ITC). Understand the legal arguments, precedents, and implications of the judgment.

HC Quashes Reassessment Notice: Approval Granted Without Application of Mind

March 22, 2024 1185 Views 0 comment Print

Delhi High Court judgment in Sanjay Kumar Vs ACIT reveals flaws in reassessment proceedings, jurisdictional issues, and errors in income tax notice.

Date of transfer of share is date of contract and not date of agreement: ITAT Mumbai

March 22, 2024 4629 Views 0 comment Print

ITAT Mumbai held that the date of the agreement by no stretch of imagination could be the date of sale of the shares by the assessee. As date of contract of sale would be date of fulfilment of conditions specified in share purchase agreement, date of contract will be treated as date of transfer.

Bail Granted in Case of Orchestrating Scheme to Evade GST with Fake Firms

March 22, 2024 927 Views 0 comment Print

Explore the detailed analysis of Nitin Vermas bail application against Union of India & Others. Learn about the allegations, evidence, and legal perspectives.

Rajasthan HC Grants Bail in Rs. 72 Crore Alleged Fake Invoicing Case

March 22, 2024 1122 Views 0 comment Print

Detailed analysis of Rajasthan High Courts judgment in Lakshya Agarwals bail case involving Rs. 72 Crore Alleged Fake Invoicing Case

SC Grants Bail to Accused in Input Tax Credit Scam under CGST Act

March 22, 2024 1923 Views 0 comment Print

Read the detailed analysis of Ramchandra Vishnoi et al. v. Union of India case where the Supreme Court grants bail after considering previous rejections. Learn more about the conditions imposed.

₹13.92 lakh Penalty Imposed on Amara Raja Media for delay in CS Appointment

March 22, 2024 606 Views 0 comment Print

Amara Raja Media faces a ₹13.92 lakh penalty for delayed appointment of a Company Secretary, violating Section 203 of the Companies Act, 2013.

Petitioner availed Lower ITC than GSTR 2A Amounts: conclusion of AO of wrongful ITC availing indicates non-application of mind

March 22, 2024 2433 Views 0 comment Print

Madras High Court quashes assessment order for availing lower Input Tax Credit than reflected in GSTR 2A, citing non-application of mind. Details of the judgment here.

Unlocking Success: How Process Audits Propel Small and Medium Enterprises (SMEs)

March 22, 2024 1161 Views 0 comment Print

Discover how process audits fuel growth for Small and Medium Enterprises (SMEs), enhancing efficiency, quality control, risk management, and decision-making.

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