Madras High Court remits Amici Design vs State Tax Officer case for reconsideration due to non-consideration of GST payment with interest. Read the full judgment.
CESTAT Delhi rules that service tax under GTA cannot be demanded without a consignment note, protecting businesses like Vaishnav Marbles from undue tax burdens.
Full text of the NCLT Mumbai judgment in Ajay Tajpuriya vs Goel Ganga Infrastructure case. Detailed analysis of the order concerning oppression and mismanagement.
ITAT Delhi rules in favor of Grey Orange India Pvt. Ltd., allowing income tax deduction on warranty expenses. Detailed analysis of the ITAT order and implications.
CESTAT Delhi rules service tax exemption for providing vehicles on hire to GTA. Detailed analysis of the Manak Chand Agarwal vs CGST case.
Punjab & Haryana High Court deems attachment proceedings initiated without notice under Section 74 of the Central GST Act as unjustified. Read the full judgment here.
MP High Court dismisses the Income Tax Dept’s appeal against Gopal Tayal, upholding ITAT’s decision on alleged bogus penny stock LTCG claim. Read full judgment.
Madras HC remands Jinvar Trading Co. case due to GSTR 3B vs. GSTR 1 mismatch caused by 36% GST calculation error. Review and personal hearing granted.
Madras High Court sets aside GST order for not considering Perfect Assayers Pvt Ltd’s GSTR 1 and GSTR 9 statements. Case remanded for reconsideration.
In Section 56(2)(viib) of Income Tax Act, Assessing Officer’s wide discretion on valuation faces constraints from rules and tribunal judgments. This article explores three issues: changing valuation methodology, challenging FMV due to lack of documents, and rejecting Discounted Cash Flow based on cash flow variations.
