ITAT Hyderabad sets aside CIT(A) order, clarifying that Section 249(4) cannot apply when no advance tax liability exists. Appeal to be reviewed on merits.
ITAT Surat lowers commission income rate for Nanak Motumal Pherwani to 0.50% on bank transactions, aligning with reasonable industry standards in cheque discounting.
Karnataka HC sets aside PCIT’s order on unreasonable tax demand, remanding the case for fresh consideration, including hardship and demand analysis.
ITAT Bangalore condones a delay in tax audit filing due to trustee’s illness, directing further assessment per CBDT’s order for tax benefit eligibility.
Orissa High Court condones delay and permits GST registration revival for Satyananda Kabi, contingent on settlement of dues and compliance with legal formalities.
ITAT Bangalore allows deduction for timely employer PF/ESI contributions in Blue Moon Enterprises case, limiting disallowance to delayed employee contributions.
Madras HC orders GSTN to allow return filing and payment after petitioner’s registration was canceled due to non-compliance, citing genuine reasons for delay.
The Supreme Court orders the lifting of a bank account attachment in Rhc Global Exports Vs Union of India, clarifying jurisdiction under GST law.
Stay on top of GST compliance in April 2024 with our comprehensive calendar. Get essential information on filing frequencies, due dates, and key forms.
Learn the Five-Step Model under IND AS 115 for accurate revenue recognition. Understand contracts, obligations, transaction price, allocation, and timing with examples.
