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Archive: 02 April 2024

Posts in 02 April 2024

Review Petition Not Maintainable Without Apparent Error: Kerala HC

April 2, 2024 651 Views 0 comment Print

Kerala High Court rejects review petition filed by State of Kerala in the case against Kallada Hotels regarding tax exemption during Covid lockdown. Analysis of the judgment provided.

Expenditure towards ESOP is allowable u/s 37(1) of Income Tax Act: ITAT Mumbai

April 2, 2024 2685 Views 0 comment Print

ITAT Mumbai held that the ESOP expenses claimed by the assessee is an allowable expenditure under section 37(1) of the Income Tax Act.

No necessity to formally register an ECIR unlike registration of FIR: P&H HC

April 2, 2024 1614 Views 0 comment Print

Dive into the legal intricacies of Sikandar Singh Vs Directorate of Enforcement case at Punjab and Haryana High Court. Explore key points on ECIR, PMLA, and more.

Orissa HC Restores Application for Section 12AB Registration Due to Natural Justice Violation

April 2, 2024 909 Views 0 comment Print

Orissa High Court restores application for registration under section 12AB citing violation of natural justice. Analysis of Parmeswari Bai Memorial Trust Vs Commissioner of Income Tax (Exemptions).

Order passed against non-existent entity is liable to be quashed: ITAT Delhi

April 2, 2024 1353 Views 0 comment Print

ITAT Delhi held that passing of an order in the name of an entity which has merged with another entity will make the order void ab initio. Accordingly, the impugned assessment order passed in the name of a non-existent entity is void ab initio and hence liable to be quashed.

GST Registration cannot be cancelled on the basis of incorrect field visit report

April 2, 2024 1590 Views 0 comment Print

Learn how the Delhi High Court ruling in Gulab Nagar v. Assistant Commissioner ensures revocation consideration for GST cancellation based on erroneous field visit reports.

Delhi High Court allows refund of ITC reversed after Tax payment by Supplier

April 2, 2024 2430 Views 0 comment Print

Learn how the Delhi High Court ruling in Pedersen Consultants India Pvt. Ltd. v. Union of India allows refund of Input Tax Credit (ITC) reversed when tax is paid by the supplier. Analysis of implications and legal considerations.

An Overview of Income Tax Form 15CA & Form 15CB

April 2, 2024 8202 Views 0 comment Print

Dive into the essentials of Form 15CA & 15CB, requirements, penalties for non-compliance, and exemptions. Learn how to ensure tax compliance for international transactions.

GST Assessment Order Issued without Personal Hearing Violates Natural Justice

April 2, 2024 1008 Views 0 comment Print

Learn about a recent case in Madras HC where an assessment order passed without a personal hearing was quashed due to a breach of natural justice principles.

जीएसटी राजस्व बढ़ रहा है, पर क्या जीएसटी सफल है?

April 2, 2024 9225 Views 0 comment Print

अभी अभी एक खबर आई है कि मार्च 2024 में जीएसटी का कलेक्शन 1.78 लाख करोड़ रूपये हुआ है तो आइये आज बात करें कि राजस्व तो बढ़ रहा है पर क्या जीएसटी सफल है !!! राजस्व का लगातार बढना क्या जीएसटी की सफलता का संकेत हैं या अभी भी कहीं ना कहीं कुछ ना कुछ छुट रहा है . ये तो आप मान कर चलिए जीएसटी राजस्व के मामले में तो सफल है ही और इसके साथ ही करदाताओं की संख्या भी बढ़ती जा रही है तो इससे यह लगता है कि जीएसटी का संचालन सफलता पूर्वक हो रहा है .

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