ITAT Ahmedabad sets aside CIT(E) order rejecting 12A registration, citing denial of adequate opportunity, restores matter for fresh adjudication.
Orissa HC to hear dispute on Service Tax exemption for works contract with Odisha Lift Irrigation Corporation Ltd, interpreting notification & ‘governmental authority’.
India revises SCOMET ‘Stock & Sale’ export policy, expanding eligible stockists & detailing application, re-export, and reporting procedures.
Delhi High Court rules taxpayer who responded to GST SCNs via portal previously cannot claim unawareness for a later assessment year.
Kerala HC stays coercive recovery based on protective tax assessment, citing Supreme Court precedent against protective recovery during appeal.
Allahabad High Court remands GST appeal for re-consideration of limitation period, citing Section 14 of the Limitation Act and Supreme Court precedents.
Orissa HC to hear dispute on GST Section 74 invocation despite voluntary ITC reversal before audit, examining jurisdictional issue and potential benefit under S. 128A.
ICAI President discusses India’s economic transformation, capital market growth driven by retail investors and MSMEs, and the institute’s financial literacy and capacity building efforts.
Bombay HC directs refund adjusted against demand, rules adjustment illegal as 20% paid & appeal pending, citing CBDT circulars & court precedent.
ITAT Ahmedabad partly sets aside PCIT order, rules PCIT cannot issue mandatory direction to add income for accommodation entries under Section 263.
