ITAT Mumbai rules presumptive taxation under Section 44AD doesn’t bar Section 68 additions for unexplained cash credits from suspicious transactions.
The International Financial Services Centres Authority (IFSCA) has announced a new fee structure for KYC Registration Agencies in the IFSC, including application, registration, and annual fees.
India’s DGFT announces the ‘Source from India’ feature on Trade Connect ePlatform is now available to all Status Holder exporters, aiming to boost international sourcing.
A reassessment order was quashed by the court due to a clear violation of natural justice principles, as the assessee’s response was ignored. The matter is remitted for fresh consideration.
Delhi High Court addresses Damanpreet Singh’s challenge to a GST show cause notice and order, remanding the case for re-adjudication while validity of notifications is pending in Supreme Court
Gauhati HC, in case of Ganapati Enterprise Vs. State of Assam and Ors., has quashed a GST demand order, reiterating necessity of a proper statutory show cause notice (SCN) under Section 73(1) of CGST Act, 2017.
Rajasthan High Court upholds reassessment where investment source, including mother’s contribution, was inadequately explained by the petitioner.
Manufacturer’s refund claim for denied Cenvat credit under GST transition rules allowed by Tribunal, citing vested rights and procedural challenges.
CESTAT Delhi restores appeals for Office Plus Limited and its director, allowing a 20% pre-deposit in a customs duty case involving imported machines with a classification dispute.
Madras High Court sets aside GST order against Tvl Sakthi Murugan Lorry Service, directing fresh consideration due to insufficient notice and no personal hearing.
