While a combined interpretation of Sub-section (1) and Sub-section (4) of Section 107 of the CGST Act, 2017 establishes a four-month time limit for filing an appeal against a decision or order, it’s important to recognize that the provisions of Section 107 are not absolute.
SEBI’s new secretarial audit regulations create confusion due to misalignment with ICSI guidelines, raising concerns about regulatory oversight and effectiveness.
FSSAI invites public feedback on draft amendments to Vegan Foods Regulations, 2022. Suggestions to be submitted within 60 days via mail or email.
Bombay High Court dismisses Shandilya Properties LLP’s petition challenging an income tax assessment order, directing them to exhaust statutory appeal remedies.
ITAT Ahmedabad held that once the unaccounted receipts from the sale of properties are subjected to taxation as part of the capital gains computation, the related unaccounted expenditures stand explained and cannot be taxed separately as unexplained expenses.
ITAT Chennai orders CIT(E) to reconsider Sri Ramajayam Educational Trust’s Form 10AB application, citing rejection on technical grounds and lack of opportunity for correction.
ITAT Pune held that approval of Principal Chief Commissioner of Income Tax [PCCIT] required for order passed under section 148A(d) of the Income Tax Act beyond three years from the end of assessment year.
Cooperative banks fall within definition of cooperative society under Section 2(19). ITAT concluded that assessee was entitled to deduction under Section 80P(2)(d).
Gujarat High Court quashes ITAT order in PCIT Vs Ashokji Thakor, restoring AO and CIT(A) decisions on unexplained investments due to non-cooperation by assessee.
Madras High Court dismisses Siva Industries’ appeal due to a 2139-day delay, citing lack of diligence and bonafide reasons. Key judicial precedents considered.
