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Archive: 02 June 2025

Posts in 02 June 2025

GST Registration Cancellation Beyond Grounds mentioned in SCN was Invalid

June 2, 2025 909 Views 0 comment Print

Allahabad High Court rules GST registration cancellation invalid if grounds in final order differ from the show cause notice, emphasizing natural justice and due process.

AO’s plausible view on Trust’s surplus utilisation upheld & Section 263 Revision order quashed

June 2, 2025 492 Views 0 comment Print

This appeal concerns a trust’s income tax exemption and the utilization of accumulated income. The Tribunal reviewed whether the initial assessment, which did not tax past surpluses, was erroneous, and allowed the trust’s appeal.

SC allows Use of Electronic Credit Ledger for GST Appeal Pre deposit

June 2, 2025 2631 Views 0 comment Print

Learn about the Supreme Court ruling allowing GST appeal pre-deposits via electronic credit ledger. This judgment impacts tax appeals and working capital management.

Hotel Renovation Expenses to maintain standards is revenue in nature: ITAT Cochin

June 2, 2025 681 Views 0 comment Print

This case examines whether extensive hotel renovations are revenue or capital expenditures under the Income Tax Act, analyzing arguments from the Revenue and the assessee, and referencing key court decisions.

MCA Revises AOC-4 Form wef July 14, 2025: Know Key Changes

June 2, 2025 30399 Views 1 comment Print

MCA is launching a revised AOC-4 form on July 14, 2025, for FY25, simplifying annual return filings. Key changes include linked annexures, pre-filled data, and new disclosure requirements.

Imposing liability for non-deduction of TDS hearing is not tenable: Chhattisgarh HC

June 2, 2025 690 Views 0 comment Print

Chhattisgarh High Court held that imposing liability u/s. 201(1) of the Income Tax Act for failure to deduct TDS without providing opportunity of being heard is not sustainable in law. Accordingly, matter remitted back for fresh consideration.

CBIC Removes Port & Testing Restrictions on Leather Exports

June 2, 2025 801 Views 0 comment Print

CBIC announces the immediate removal of port restrictions and mandatory CLRI testing for finished, wet blue, El tanned, and crust leather exports from India.

Kabhi Khushi Kabhie Gham- Due Date Extension of ITR

June 2, 2025 10326 Views 0 comment Print

CBDT extends ITR filing deadline for small taxpayers to Sep 15, 2025, citing ITR form changes and system updates. Use this time for reconciliation and accurate filing.

Availability of alternate remedy under Customs Act: MP HC dismissed writ petitions

June 2, 2025 504 Views 0 comment Print

The petitioner filed writ petitions under article 226 of the Constitution of India challenging the impugned order dated 31.01.2025, in which the Assistant Commissioner of Customs, Indore, rejected the application filed under Section 58 r/w Section 65 of the Customs Act, 1962.

Sec 56(2)(x) Covers All Immovable Properties, Including Agricultural Land; AO Must Refer Disputed Valuation to DVO

June 2, 2025 2853 Views 0 comment Print

ITAT Ahmedabad rules Section 56(2)(x) applies to agricultural land. Assessee’s dispute on stamp duty valuation mandates DVO reference. Case remanded for re-evaluation.

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