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Archive: 29 January 2025

Posts in 29 January 2025

The Darkest Side of Direct Taxation Practice in India

January 29, 2025 3789 Views 0 comment Print

Direct taxation in India is plagued by mishandling, ignorance, and reliance on settlement schemes, risking the financial stability of small businesses and clients.

Comprehensive Guide to Intra-State E-Way Bill Requirements in India

January 29, 2025 8592 Views 0 comment Print

The e-way bill is an essential compliance mechanism under the Goods and Services Tax (GST) regime in India. It ensures seamless movement of goods and prevents tax evasion. This article provides a detailed overview of intra-state e-way bill requirements for tax professionals, including threshold limits, exemptions, notifications, and other relevant details. Threshold Limits for E-Way […]

Proving source of source unnecessary for AY 2014-15: ITAT deletes Rs. 5.01 Cr Addition

January 29, 2025 8877 Views 0 comment Print

ITAT Mumbai ruled on the reopening of Canbara Infra Pvt Ltd’s tax assessment, addressing loans from directors and Section 68 additions.

Kerala HC Dismisses Writ Petition Citing Unsatisfactory Explanation for Delay

January 29, 2025 177 Views 0 comment Print

Kerala High Court dismisses Mohammed Fariz & Co’s plea for condoning 964-day delay in appealing a customs duty short levy demand of ₹3,98,613.

No indirect tax can be imposed upon duty-free shops at airports: SC

January 29, 2025 489 Views 0 comment Print

Supreme Court upholds CESTAT ruling granting service tax refund to Flemingo Travel Retail Ltd., confirming duty-free shops are beyond Indian customs frontiers.

ITAT Chennai Allows Foreign Tax Credit Despite Late submission of Form 67

January 29, 2025 483 Views 0 comment Print

ITAT Chennai rules that filing Form 67 for Foreign Tax Credit is directory, not mandatory, dismissing Revenue’s appeal against relief granted to the assessee.

No Penalty for Goods Transport Without E-Way Bill if not required legally

January 29, 2025 729 Views 0 comment Print

Allahabad High Court sets aside GST penalty on Varun Beverages, ruling that e-way bill requirements were unenforceable during the relevant period.

Limitation for Section 263 Starts from Original Assessment Date if issues under review not pertain to reassessment

January 29, 2025 312 Views 0 comment Print

Analysis of ITAT Jaipur’s decision in Shiv Vegpro Pvt. Ltd. Vs PCIT, addressing Section 263, delay condonation, and tax assessment disputes for AY 2017-18.

Flavour Addition to Milk Doesn’t Make It a Beverage for GST: AP HC

January 29, 2025 471 Views 0 comment Print

Andhra Pradesh HC reviews GST classification of flavoured milk, ruling on tax disputes involving tariff headings 0402 and 2202.

Mandatory Qualifiers for Lab Grown Diamonds Exports

January 29, 2025 360 Views 0 comment Print

The government updates the rules for Lab Grown Diamonds exports, making additional qualifiers voluntary for diamonds under one carat while remaining mandatory otherwise.

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