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Archive: 14 October 2024

Posts in 14 October 2024

Personal Loan EMI Calculator: How to Calculate Interest?

October 14, 2024 12 Views 0 comment Print

Personal loans offer a quick and hassle-free solution for covering various expenses, such as medical bills, home renovations, or even a family holiday. However, it’s essential to understand how much you’ll repay every month before taking on the responsibility of a loan.

Assessee not availing Personal Hearing Cannot Claim Lack of Opportunity: Madras HC

October 14, 2024 12 Views 0 comment Print

Madras HC dismissed M. S. Mohamed Siddique’s writ petition, upholding tax assessment without personal hearing due to failure to request one.

DGFT Amends Import Policy for Lighter Parts Under HS 96139000

October 14, 2024 9 Views 0 comment Print

DGFT restricts import of parts for gas-fueled pocket lighters, non-refillable or refillable, under HS code 96139000. Notification effective immediately.

Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions

October 14, 2024 15 Views 0 comment Print

Notification 25/2024 mandates compliance for businesses dealing with metal scrap under GST. GST portal update will enable registration via FORM GST REG-07.

Payment of Section 129(3) demand does not restrict right to appeal: Gauhati HC

October 14, 2024 9 Views 0 comment Print

Gauhati High Court rules that payment of demand under Section 129(3) does not restrict the right to appeal. Court addresses portal issues affecting appeal filing.

CGST Act Section 74 Applicable for Willful Suppression of Sales to Evade Tax

October 14, 2024 3 Views 0 comment Print

Kerala HC dismisses writ petition challenging Section 74 CGST Act invocation for alleged willful suppression of sales and tax evasion.

ITAT Indore Accepts Peak Credit Theory; Past savings can explain cash deposits

October 14, 2024 6 Views 0 comment Print

The ITAT Indore accepts peak credit theory in Kamal Chand Sisodiya Vs ITO, stating past savings can explain cash deposits, limiting unexplained income.

Delhi HC Sets Aside GST Registration Cancellation Notice for lacking specific allegations

October 14, 2024 27 Views 0 comment Print

Delhi HC sets aside GST registration cancellation due to vague show cause notice lacking specific reasons. The court emphasizes natural justice principles.

Bombay HC Quashes Provisional Attachment in GST Case

October 14, 2024 15 Views 0 comment Print

Bombay High Court quashes provisional attachment order due to lack of written reasons, remanding the case for proper documentation.

ITAT Ahmedabad Rejects Appeal on PF & ESI Contribution Delay

October 14, 2024 24 Views 0 comment Print

ITAT Ahmedabad rules on GMW Pvt Ltd’s appeal regarding ESI and PF contribution disallowance. The court upheld previous assessments, dismissing the appeal.

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