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Archive: 16 July 2024

Posts in 16 July 2024

Aerosol valves containing medicament classifiable under 8481 8090: CESTAT Mumbai

July 16, 2024 30 Views 0 comment Print

Explore the CESTAT Mumbai decision on the classification of imported aerosol valve components under Customs Tariff Items (CTI) 8481 8090 vs. 9616 1020. Understand the implications and legal arguments in this detailed analysis.

CGST Authorities Can Audit U/S 65 if Subject Matter Differs from State GST Audit: Madras HC

July 16, 2024 60 Views 0 comment Print

Explore the Madras High Court judgment on CGST authorities’ audit powers under Section 65, clarifying conditions when audits can proceed despite State GST actions.

ITAT Can Holistically Evaluate Disclosures and Make Additions to Taxpayers’ Declared Income

July 16, 2024 96 Views 0 comment Print

Income Tax Settlement Commission (ITSC) had authority to make additions to the declared income of taxpayers as ITSC’s role was not confined to regular assessments but extended to holistic evaluations of the disclosures and additional income brought to its notice through settlement proceedings.

Section 54 deduction allowable on Cash Transaction of Residential Property Sale & Purchase

July 16, 2024 90 Views 0 comment Print

Section 54 deduction was allowable on cash transactions involving residential property as it was ensured that genuine investments in residential properties were duly recognized for tax exemptions.

Madras HC Sets Aside VAT Order Issued 9 Years After SCN: Orders Reconsideration

July 16, 2024 48 Views 0 comment Print

Read the detailed analysis of M. R. Constructions Vs Assistant Commissioner (ST) case from Madras High Court. Understand the implications of the VAT order set aside after 9 years.

Procedural Mistakes in ITC Transition Shouldn’t Deny Proven Credit: Madras HC

July 16, 2024 66 Views 0 comment Print

Explore the Madras High Court’s ruling on Tvl. Moon Labels Vs Government of India regarding procedural errors in ITC transitioning and their impact on credit entitlement under GST laws.

AO not allowed sufficient time to reply: Karnataka HC quashes Assessment Order

July 16, 2024 195 Views 0 comment Print

Read about the Karnataka High Courts decision quashing an Income Tax demand order due to insufficient time provided for reply to a notice in Mohammed Saits case.

UP Trade Tax- Refund Due From Assessment Proceedings Doesn’t Exempt Tax Deposit Liability: Allahabad HC

July 16, 2024 51 Views 0 comment Print

Read the detailed analysis of Kashi Ram Ved Prakash v. Commissioner of Commercial Tax U.P. by Allahabad High Court. The court discusses liability under UP Trade Tax Act and refund implications.

Karnataka HC Orders Refund of amount encased Amid GSTAT Delay

July 16, 2024 60 Views 0 comment Print

Read the Karnataka High Court judgment directing refund of Rs. 11,21,840 by tax authorities due to non-constitution of GSTAT. Detailed analysis and implications discussed.

Karnataka HC Quashes FIR on Forged ITR Allegation

July 16, 2024 90 Views 0 comment Print

Karnataka HC quashes criminal proceedings against Vidya Sachitanand Suvarna, citing jurisdiction issues in forged ITR case with fake CA seal.

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