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Archive: December, 2024

Posts in December, 2024

Addition u/s. 69C treating agricultural expense met from undisclosed income not justified

December 16, 2024 1653 Views 0 comment Print

The case was selected for limited scrutiny through CASS. AO observed that the assessee had also from other sources and also from agricultural activities carried out during the year

Representation & Suggestions on Direct Tax Vivad Se Vishwas Scheme 2024

December 16, 2024 5226 Views 1 comment Print

KSCAA raises concerns and provides suggestions for improving the Direct Tax Vivad Se Vishwas Scheme 2024 to the CBDT.

Hearing opportunity must despite no reply to GST notice: Allahabad HC

December 16, 2024 3255 Views 0 comment Print

Allahabad HC quashes ex-parte GST order against Lari Almira House, remanding the case for fresh adjudication with proper hearings and document supply.

Reassessment Post-TOLA & Finance Act 2021: Union of India v. Rajeev Bansal

December 16, 2024 2148 Views 0 comment Print

SC clarifies reassessment notices under TOLA and Finance Act 2021 in Union of India v. Rajeev Bansal. Learn how decision impacts taxpayers and authorities.

Efficient Market Hypothesis: An Overview of Asset Pricing

December 16, 2024 690 Views 0 comment Print

The Efficient Market Hypothesis (EMH) explains how market prices reflect all available information, making it impossible to predict future asset prices.

Iron Ore Export- CRCL/Customs Lab report cannot be basis for Final Assessment

December 16, 2024 1347 Views 0 comment Print

CESTAT Kolkata ruled that the CRCL report cannot be the basis for export duty on iron ore fines, confirming contractual terms as the decisive factor.

Section 128A: GST Amnesty Scheme: A Step Forward or Backward

December 16, 2024 2694 Views 0 comment Print

Analyze Section 128A GST Amnesty Scheme. Covers tax issues from 2017–2020, waives interest/penalty but raises concerns on scope, ITC, and full tax payment.

Biometric Aadhaar Authentication for GST Registration in Chhattisgarh, Goa & Mizoram

December 15, 2024 1035 Views 0 comment Print

Learn about the new biometric-based Aadhaar authentication and document verification process for GST registration in Chhattisgarh, Goa, and Mizoram.

Places of Worship Act, 1991: Hon’ble SC Impasse on Their Final Verdict

December 15, 2024 2835 Views 1 comment Print

Explore the implications of the Places of Worship Act, 1991, its impact on India’s cultural heritage, and the challenges in fostering unity in a diverse democracy.

Competition Commission Directs TT Federation to Cease Unfair Practices

December 15, 2024 789 Views 0 comment Print

Competition Commission directed the Table Tennis Federation of India (TTFI) to cease restrictive practices, ensuring fair opportunities for players and organizers.

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