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Archive: 12 May 2024

Posts in 12 May 2024

Madras HC Upholds Taxpayer’s Right to Fair Opportunity

May 12, 2024 3018 Views 0 comment Print

Read the detailed analysis of Baisany Ramiah Chetty Pandurangan Vs Assistant Commissioner (ST)(FAC) judgment from Madras HC. Learn why GSTR 9, GSTR 9C, and income tax documents were deemed insufficient to establish Goods Transport Services under RCM.

Madras HC Quashes Assessment Order as reasonable time not provided to petitioner

May 12, 2024 1116 Views 0 comment Print

Read the full judgment/order of Madras High Court quashing an I-T assessment order adding Rs. 16Cr unexplained expenditure without reasonable time. Portal reopening ordered.

Madras HC Orders Reconsideration: ITC Wrongly Availed on Commercial Vehicle Purchases

May 12, 2024 4500 Views 0 comment Print

Madras High Court sets aside a tax demand order, citing lack of opportunity. Petitioner contests ITC claim on commercial vehicle purchase. Read full judgment here.

No 20% Tax Remittance Mandate for Stay Applications: Madras HC

May 12, 2024 7362 Views 1 comment Print

Discover the Madras High Court’s verdict on tax dispute stay applications. Learn how the ruling impacts taxpayers and legal proceedings. Full judgment insights.

Issue Cannot Be Reopened if Previously Decided: Madras HC

May 12, 2024 1863 Views 0 comment Print

Jayanthi Plastics (Defunct) vs Deputy State Tax Officer-2: Madras High Court rules it impermissible to reopen an issue in a subsequent notice already decided in a previous order.

Early GST recovery in violation of Section 78 of TNGST Act: Madras HC Orders Refund

May 12, 2024 1389 Views 0 comment Print

Madras HC directs refund by TNGST Act violators. Failure to justify recovery before limit. Detailed analysis and implications of the court order.

ITAT Deletes Addition After Taxpayer Explains Capital Enhancement Source

May 12, 2024 825 Views 0 comment Print

ITAT Delhi deletes Rs. 89.7 Lakhs addition u/s 68 IT Act in ACIT vs. Daya Rani. Detailed analysis of taxpayer’s explanation for capital enhancement.

Form FC-GPR Filing in case of Bonus Issue

May 12, 2024 6369 Views 0 comment Print

Form FCGPR is mandatorily required to be filed within 30 days of bonus issue allotment. In this article, we shall study about the basics of filing form FCGPR in case of allotment of equity shares via bonus issue:

Demand in computation sheet Invalid if No Addition Proposed in Assessment Order

May 12, 2024 3843 Views 0 comment Print

In a case of BVM Global Education Trust vs Assessment Unit, Madras High Court declares computation sheet and demand notice invalid if no addition is proposed in the income tax assessment order.

Madras HC Directs Valuation Report Consideration for Tax Assessment Rectification

May 12, 2024 735 Views 0 comment Print

Read about the Madras High Court’s order for rectification of an income tax assessment order regarding addition on sale consideration based on a DVO’s report.

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