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Archive: 30 January 2025

Posts in 30 January 2025

HC Grants Section 12AA Registration to Society promoting tech incubators & start-ups

January 30, 2025 1110 Views 0 comment Print

Chhattisgarh HC upholds ITAT decision, grants Section 12AA registration to society promoting technology incubators and start-ups under charitable purpose.

Unexplained cash deposit matter restored hence corresponding penalty u/s. 271(1)(c) matter too restored

January 30, 2025 801 Views 0 comment Print

ITAT Agra held that matter of levying penalty u/s. 271(1)(c) of the Income Tax Act restored back to file of AO since Tribunal restored matter of addition towards unexplained cash deposit for quantification.

HC Quashes GST Registration Cancellation as Grounds in order Differed from SCN

January 30, 2025 4689 Views 0 comment Print

Allahabad HC quashes GST registration cancellation order, citing violation of natural justice due to differing grounds in show-cause notice and final order.

Cash Deposits during Demonetization: ITAT Upholds ₹1.10 Cr Addition

January 30, 2025 2565 Views 0 comment Print

ITAT Patna’s decision in Dharmendra Kumar vs. ITO regarding ₹1.10 crore treated as unexplained income. Appeal dismissed due to non-compliance.

Employees Not Liable to GST Penalty for company’s tax liabilities: SC dismisses Rs. 3731 crores demand notice

January 30, 2025 7173 Views 0 comment Print

Supreme Court rules that company employees cannot be held liable for GST fraud penalties under Sections 122(1-A) & 137. Case against Maersk employee dismissed.

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