Calcutta High Court overturns GST cancellation for non-filing, allowing restoration upon compliance. Key directives and implications in Bengal Co-operative case.
Bombay High Court invalidates reopening notice and assessment order against Jayant Avinash Dave, citing procedural lapses and unreasonable decision-making.
Learn about recent GST and TCS updates impacting travel agents and tour operators, including increased TCS on foreign remittances and compliance actions required.
Learn strategies to boost purchasing power and living standards in agriculture through price modulation, supplier segmentation, and economic cycle optimization.
Explore key taxpayer expectations for Budget 2025-26, including revised tax slabs, increased deductions, and simplified compliance for individuals and charitable trusts.
Summary: An Income Tax Clearance Certificate (ITCC) is required under Section 230 of the Income Tax Act, 1961, for non-residents earning income in India before leaving the country. This certificate ensures that the individual has cleared all tax dues on their income earned during their stay. Non-residents visiting India for employment, business, or professional purposes […]
Discover six practical New Year resolutions for business owners, including embracing technology, automation, digital presence, and customer experience focus for 2025.
The Gurugram CJM Court deemed the arrest of Yogesh Gupta by a GST officer illegal, citing non-compliance with procedural laws under the CrPC and BNSS Act.
Kerala HC rules Section 73 CGST Act proceedings imposing interest and penalty on ITC claimed under the wrong head not maintainable due to technical error.
The Sections by which the assessees are suffering too much due to high pitched assessments passed by NFAC are from 68 to 69D and 115 BBE. Many orders are struck down by the High Courts through writs and majority of the orders are appealed against and are cancelled by the Commissioner of Income Tax (Appeals)/Income Tax Appellate Tribunal. The brief contents of the relevant sections are given below:
