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Archive: 18 July 2024

Posts in 18 July 2024

Cash deposits during demonetization alone cannot justify income addition

July 18, 2024 1200 Views 0 comment Print

In the case of Anil Champalal Jain vs ITO (ITAT Mumbai), learn why Mumbai ITAT ruled that cash deposits during demonetization alone cannot justify income addition without clear evidence of accounting errors. Read the full text of the order for detailed insights.

Reassessment cannot be based merely on suspicion or unverified information

July 18, 2024 1137 Views 0 comment Print

Read the full text of the ITAT Kolkata order on Alosha Marketing Pvt Ltd Vs ACIT, discussing reopening of assessment under sec 147 and challenges on merit.

Filing CGST Appeal Post Writ Proceedings Conclusion is Abuse of Process: AP HC

July 18, 2024 639 Views 0 comment Print

Read the full judgment of Andhra Pradesh High Court on Reddy Enterprises vs. Appellate Authority. Analysis of abuse of process in CGST Act appeal after writ petition.

Section 254(2) Applies Only for Rectification, Not for Order Recall: ITAT Ahmedabad

July 18, 2024 603 Views 0 comment Print

Read the detailed analysis of ITO Vs Neetaben Snehalkumar Patel (ITAT Ahmedabad) where Section 254(2) was scrutinized for rectification versus recall of orders.

Tax Effect Appeals Below Monetary Limit: Kerala HC Dismisses Dept’s Appeal

July 18, 2024 387 Views 0 comment Print

Kerala High Court dismisses Income Tax Department’s appeal below Rs.1 crore limit, involving Kunhitharuvai Memorial Charitable Trust.

SCN placement under wrong category on GST portal: HC set aside order

July 18, 2024 303 Views 0 comment Print

Delhi High Court rules on GST notice service via ‘Additional Notices’ versus ‘Notices’ in Kamla Vohra vs Sales Tax Officer. Full judgment analysis.

Madras HC allows Senior Citizen to Pay 20% Income Tax Appeal Pre-deposit in 18 Instalments

July 18, 2024 531 Views 0 comment Print

Madras High Court ruling allows a senior citizen to pay 20% income tax appeal pre-deposit in 18 instalments, citing financial issues. Read the full text of the judgment.

Different Income Tax Rates on Different types of Income

July 18, 2024 2073 Views 0 comment Print

Understand Income Tax Act rates: Short Term Capital Gains @15% with STT, exceptions to 36-month rule, Long Term Capital Gains, and special rates for lottery winnings and anonymous donations.

New API Features of E-Invoice Interoperable services

July 18, 2024 729 Views 0 comment Print

Discover the latest API updates for E-Invoice and E-Way Bill systems, including interoperable services and new error codes for seamless GST compliance.

Understanding Input Tax Credit (ITC) under GST: Rules & Benefits

July 18, 2024 6213 Views 2 comments Print

Understand Input Tax Credit (ITC) under GST: Learn about eligibility, conditions, and types of ITC. Stay updated with latest amendments and rules.

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