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Archive: 09 June 2024

Posts in 09 June 2024

Kerala HC Directs NFAC to Decide Stay/condonation Application Within 2 Months

June 9, 2024 573 Views 0 comment Print

Centre for Management Development vs. Commissioner of Income-Tax (Exemptions): Kerala High Court orders NFAC to decide stay application within two months in delay in Income Tax Assessment Order.

TNVAT – Tax Department Can Summon Records Post Assessment: Madras HC

June 9, 2024 765 Views 0 comment Print

The Madras High Court rules that the Commercial Tax Department can summon records even after assessment completion, addressing a dispute between V. R. Muthu & Bros and V.V.V. and Sons Edible Oils Limited.

NCLT cannot  unilaterally change appointed date while admitting scheme of arrangement 

June 9, 2024 825 Views 0 comment Print

NCLAT rules NCLT’s role in amalgamation schemes is supervisory, not appellate. Learn about the Marathon Nextgen Townships Pvt Ltd case and its implications.

Delhi HC Quashes ₹12 Lakh GST Demand Due to Improper Notice & directs re-adjudication

June 9, 2024 1062 Views 0 comment Print

Delhi HC nullifies ₹12 lakh GST demand on Zenith Creative Services due to improper communication via GST portal, mandating re-adjudication with proper notice.

Penalty Imposition Unjustified without Mens Rea under CBLR 18(1)

June 9, 2024 675 Views 0 comment Print

CESTAT Chennai quashes Rs. 25,000 penalty on Gayrams Shipping Services due to absence of mens rea. Detailed analysis of the case and legal implications.

Deduction of trade discount from assessable value is admissible on CNG sale transactions

June 9, 2024 405 Views 0 comment Print

CESTAT Mumbai rules trade discount to bulk buyer of CNG not liable for excise duty. Detailed analysis of Mahanagar Gas Ltd. vs Commissioner case.

No service tax on properties rented out for accommodation & related activities

June 9, 2024 648 Views 0 comment Print

Read the detailed analysis of Rattha Holding Company Pvt Ltd vs Commissioner of GST and Central Excise (CESTAT Chennai). CESTAT ruling clarifies no service tax on properties rented out for accommodation and related activities.

Section 80M deduction allowed for dividend ‘distributed’ on or before due date

June 9, 2024 1335 Views 0 comment Print

In Purnasons Pvt. Ltd vs. ITO, ITAT Kolkata rules on the allowance of deductions under Section 80M of the Income Tax Act when dividends are distributed within the due date.

Section 14A disallowance applies only to investments yielding exempt income

June 9, 2024 978 Views 0 comment Print

ITAT Mumbai rules no disallowance under Section 14A for investments not yielding tax-free income. Detailed analysis of DCIT vs Paranjapee Schemes case.

Delhi HC Directs Disposal of GST Registration Cancellation Application

June 9, 2024 306 Views 0 comment Print

Delhi High Court mandates Proper Officer to dispose of the application for cancellation of GST registration within four weeks in the case of Janarden Pandey Vs Avato Ward 77 State Goods And Service Tax & Anr.

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