Madras HC directs GST dept to accept penalty appeal post tax payment, emphasizing proper recourse for taxpayers.
Allahabad HC quashes tax recovery against petitioner after vehicle seizure by financier, citing financier’s liability for tax payments post-seizure.
Rajasthan High Court dismisses Hero Motocorp’s writ against GST show-cause notice, affirming the legality of the notice and allowing responses.
Punjab & Haryana HC rules that Income Tax circulars can’t override statutory provisions, setting aside notices issued contrary to Income Tax Act.
Madras HC sets aside GST order for 2019-2020, directs reconsideration after petitioner files new objections under Section 73 of TNGST Act, 2017.
Karnataka HC directs refund of Rs. 17.48 Cr, erroneously adjusted against a 2017-18 tax demand, with interest to LSI India Research And Development Pvt. Ltd.
Leniency plus or Lesser Penalty plus mechanism in India is a program incentivizes cartel members who are already under investigation to report other cartels they are aware of, potentially receiving further reductions in penalties.
Direct Tax Vivad Se Vishwas Scheme, 2024 has been enacted vide Chapter IV (Section 88 to 99) of Finance (No.2) Act, 2024. The Objective of the Scheme is to reduce Income tax pending litigations, generate timely revenue for Government and also to benefit Taxpayers by providing them peace of mind, certainty, and savings on account of time and resources.
The U.S. Securities and Exchange Commission (SEC) has long relied on the Howey Test to determine whether certain transactions qualify as securities. However, its application of this test to cryptocurrencies, particularly in secondary-market sales, has raised concerns of judicial overreach. Crypto.com has now sued the SEC which exemplifies this regulatory overreach and highlights critical flaws in the agency’s approach.
AAR Uttar Pradesh provides clarity on GST applicability for deposit works executed by PVVNL. Analysis of whether such works qualify as a supply under CGST Act.
