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Archive: 18 March 2025

Posts in 18 March 2025

BoD’s Failure to Justify Dishonor of Cheques as Misconduct Leads to Remand for Reconsideration: Delhi HC

March 18, 2025 867 Views 0 comment Print

Appellant had approached this Court by way of the present intra Court appeal. It was held that BoD had failed to accord any reason as to how the mere act of dishonor of cheques issued by assessee would amount to misconduct.

NIRYAT SAMVAAD: Monthly Exporter Grievance Forum

March 18, 2025 675 Views 0 comment Print

JNCH introduces NIRYAT SAMVAAD, a monthly forum for addressing individual exporter grievances. Learn about participation, process, and key details.

Survey Findings of One Year Cannot Be Applied to Other Years: Delhi HC

March 18, 2025 966 Views 0 comment Print

Delhi High Court held that reassessment under section 148 of the Income Tax Act entirely based on course of survey not sustainable and liable to be quashed. Further, survey in particular year cannot be extrapolated to other years.

Statutory Pre-Deposit Refund Cannot Be Denied as Time-Barred: Jharkhand HC

March 18, 2025 2466 Views 0 comment Print

Jharkhand High Court held that rejection of refund of statutory pre-deposit merely because refund application was filed beyond section 54 of the Income Tax Act not justified as refund of pre-deposit is vested right of an assessee.

Refund for Period Before 13.07.2022 Unaffected by Notification No. 9/2022-Central Tax: Gujarat HC

March 18, 2025 1785 Views 0 comment Print

The petitioner is inter-alia, engaged in the manufacture and sale of edible oil. According to the petitioner, the rate of tax on output supplies made by the petitioner exceeds the rate of tax on input supplies.

ITAT Ahmedabad Allows Deduction of GST Interest & Late Fees

March 18, 2025 1422 Views 0 comment Print

ITAT Ahmedabad upholds deduction of GST interest & late fees, ruling they are compensatory, not penal. Read the key observations & legal precedents cited.

J&K&L HC Quashes Preventive Detention of Nazir Ahmad Ronga

March 18, 2025 606 Views 0 comment Print

The J&K&L HC quashed Nazir Ahmad Ronga’s detention under the Public Safety Act, citing vague allegations and lack of evidence, safeguarding his constitutional rights.

India Extends Urea Import STE Status for Indian Potash Limited Until 31.03.2026

March 18, 2025 1338 Views 0 comment Print

The government extends Indian Potash Limited’s STE status for Urea imports until March 31, 2026, under revised foreign trade policy conditions.

Reassessment Beyond 10-Year Limit: HC Clarifies Scope of Finance Act, 2017 Amendments

March 18, 2025 2052 Views 0 comment Print

Madras High Court rules in A.R. Safiullah Vs ACIT, quashing a tax notice under Section 153A for AY 2009-10, citing statutory limits on search-based assessments.

Section 271(1)(c) Penalty Invalid if AO Omits Specific Reason for Imposition

March 18, 2025 1386 Views 0 comment Print

ITAT Visakhapatnam sets aside penalty on Malla Appalaraju under Section 271(1)(c) due to a defective notice, ruling it void ab initio.

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