CESTAT Chennai held that that the PVC Regrind is a single thermoplastic material and cannot be classified as waste/scrap. Thus, import of PVC Regrind is not restricted under Foreign Trade Policy.
Review of GST’s eight-year journey in India, highlighting goals, implementation, tax base expansion, and ease of doing business under the unified tax regime.
NCLAT Delhi held that debt and default on the part of Corporate Debtor proved and hence application under section 7 of the Insolvency and Bankruptcy Code duly admissible. Thus, appeal dismissed and order of adjudicating authority upheld.
जीएसटी ने भारत को एकीकृत कर प्रणाली की ओर अग्रसर करते हुए “एक राष्ट्र, एक कर” का लक्ष्य साकार किया है । इसने वैट, सेवा कर, उत्पाद शुल्क जैसे अनेक करों को समाप्त कर एक व्यापक और अंतिम उपभोग आधारित कर व्यवस्था लागू की। जीएसटी के आने से टैक्स पर टैक्स की पुरानी समस्या यानी Cascading Effect समाप्त हो गई और केवल मूल्य संवर्धन पर कर लगाया जाने लगा। इनपुट टैक्स क्रेडिट की प्रणाली से व्यापारियों को राहत मिली और लागत में कमी आई। लेकिन क्या वास्तव में इनपुट टैक्स क्रेडिट निर्बाध है !!!!!
ITAT Delhi held that addition under section 68 of the Income Tax Act not justified as genuineness and identity of shareholders proved. Accordingly, appeal of revenue dismissed and CIT(A) upheld.
Understand why ITR-2 and ITR-3 utilities are delayed for AY 2025-26, impacting taxpayers and professionals, due to policy changes and backend development.
The Odisha High Court ruled that only one valid assessment order can exist for a single tax period, quashing an ex parte order when a merit-based order for the same period already existed.
At 71, Jaipur’s Tarachand Agrawal clears CA exam post-retirement, inspired by granddaughter. His journey highlights lifelong learning beyond age limits.
ITAT Ahmedabad rules an email notice is invalid if the assessee opted for physical notice in Form 35, setting aside an ex-parte order.
ITAT Ahmedabad remands Ratansinh Solanki’s case, setting aside Section 69A additions. Fresh adjudication ordered, allowing admission of additional evidence for cash deposits.
