Bombay High Court quashes penalty on VRML Constructions Pvt Ltd, citing technical glitches in ITBA records. Fresh proceedings may be initiated post-appeal disposal.
The Goods and Services Tax (GST) regime has been in effect for several years now, and while it has simplified the indirect tax landscape, it has also given rise to various litigations. One area that has been gaining attention in recent days is Tax Deducted at Source (TDS) in GST. In this article, we will […]
There are various taxes surrounding the transaction of investing in mutual funds. It includes various aspects such as tax on the individuals in the form of capital gains tax, stamp duty on the transaction, dividend income on the dividend distributed by the fund owner and the securities transaction tax for selling the units in the mutual funds.
As the financial year comes to a close, businesses must review their GST compliance to ensure accuracy and avoid penalties. Here’s a simplified checklist to help you stay on track and prepare for the new financial year.
ITAT Hyderabad rules in favor of Baburao Atluri, allowing Foreign Tax Credit despite Form 67 delay. Tribunal cites DTAA precedence over procedural rules.
Gauhati HC ruled on GST cancellation in Gautam Kar vs Union of India, directing a re-hearing on merits. The case involved procedural lapses and limitation issues.
Allahabad High Court sets aside GST penalty on S.A.N. Enterprises, ruling that goods cannot be detained for under-valuation. Read details of the judgment.
Delhi High Court sets aside GST demand on DLF Home Developers, ruling that the issue will be adjudicated by DGGI. Read details on the tax dispute here.
Madras High Court permits K. Balakrishnan to file a statutory appeal against the service tax demand, directing a 25% deposit of the disputed tax. Read more.
SC restores personal insolvency proceedings in Bank of Baroda vs. Farooq Ali Khan, ruling HC overstepped in interfering with IBC procedures. Read the key details.
