Allahabad High Court rules that tax liability quantification cannot be done under Section 130 of the GST Act, setting aside an ex parte order.
Commissioner of Customs vs Disha Tulsiani: Allahabad High Court dismisses revenue appeals over confiscation of 3.5 kg gold bars under Customs Act, citing low monetary limits.
ITAT Chennai rules in favor of Revathi Modern Rice Mill, determining that excess stock is assessable as business income, not unexplained investment under Sec. 69B.
Karvy Innotech Limited Vs State of Maharashtra: Bombay HC Quashes MVAT Order passed after expiry of four years from the end of the year containing period to which return relates
Explore the latest DGFT amendment on TRQ Scheme procedures and eligibility criteria under Para 2.57 and 2.58 of the Handbook of Procedures 2023.
DGFT Public Notice 12/2024-25: Immediate expansion of agency operations in Appendix 2G of Foreign Trade Policy 2023. Read for detailed policy updates.
Bombay HC upholds Rs. 71.88 lakh entertainment duty for APSARA Awards while deleting Rs. 71.88 lakh penalty. Key points and detailed analysis of the judgment.
The court held that while the information prompting the notice must be disclosed to the assessee, the detailed material or evidence need not be supplied at the initial stage. The court emphasized that Section 148A aims to provide a preliminary opportunity to the assessee, ensuring that reassessment proceedings are not initiated arbitrarily or without sufficient basis.
Read the Kerala High Court judgment on income tax assessments involving Sunny Jacob Jewellers. Analysis includes AO’s authority under Section 153A, impact of incriminating materials, and appellate decisions.
CGST Circular clarifies GST time of supply for spectrum usage services under deferred payment option, ensuring uniform application across field formations.
