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Archive: 06 May 2025

Posts in 06 May 2025

ITAT Orders Rectification of Depreciation Mistaken as Net Profit in Tax Intimation

May 6, 2025 531 Views 0 comment Print

ITAT Ahmedabad orders AO to re-examine rectification request after depreciation was wrongly considered as net profit in tax intimation.

Trust Registration Rejection Set Aside by ITAT Over Caste Limitation Dispute

May 6, 2025 657 Views 0 comment Print

ITAT Ahmedabad sets aside CIT (Exemption) order rejecting 12A registration, finds trust objects not solely for one caste, directs re-adjudication.

SEBI Mandates Investor Charter publication for KYC Registration Agencies

May 6, 2025 747 Views 1 comment Print

SEBI circular requires KYC Registration Agencies (KRAs) to publish Investor Charter detailing services, rights, dos/don’ts, and grievance redressal.

No Addition for Cash Deposit Due to Mere Non-Response by Borrower to Section 133(6) Notice

May 6, 2025 1284 Views 0 comment Print

ITAT Chennai deletes ₹14.84 lakh cash deposit addition for NBFC, citing duly recorded books; restores 80G claim to AO for re-examination.

Allahabad HC Upholds GST Penalty Over Incomplete E-Way Bills

May 6, 2025 4800 Views 0 comment Print

Allahabad High Court rules that only downloading Part A of the e-way bill without completing Part B doesn’t absolve GST liability.

Orissa HC condones delay in seeking GST registration revocation on Payment of dues

May 6, 2025 1026 Views 0 comment Print

Orissa High Court condones delay in seeking GST registration revocation, citing precedent and petitioner’s willingness to pay dues, directs reconsideration.

Bombay HC Stays Coca-Cola GST Discount Demand of ₹2,500 crore

May 6, 2025 2385 Views 0 comment Print

Bombay HC examines Coca-Cola’s challenge to a GST demand regarding sales discounts. Court grants interim stay, questioning revenue’s interpretation of GST valuation rules.

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