Delhi High Court rules Section 9(2)(g) of DVAT Act can’t deny Input Tax Credit (ITC) to bona fide buyers for seller defaults, citing Article 14 violation.
The Bombay High Court has ruled that adjudication orders merely copying show cause notice content are invalid, emphasizing the need for independent application of mind and consideration of taxpayer submissions.
The concept of actionable claims to tax professionals in this decade is the same as concept of works contract was to tax professionals of 1970s. Unclear, uncharted and mysterious. In this article, an attempt has been made to navigate these shady lanes from a tax professional’s perspective.
As Income Tax Department initiates scrutiny for Assessment Year (AY) 2024–25, many taxpayers are receiving notices under Section 143(2) of Income Tax Act, 1961. If you’ve received one, don’t panic—but don’t ignore it either.
RBI allows scheduled commercial banks to use CareEdge Global IFSC Limited ratings for risk weighting non-resident corporate claims at IFSCs under Basel III capital regulations.
Calcutta High Court remands a GST Input Tax Credit reversal case, setting aside previous orders due to factual disputes and lack of proper hearing.
Calcutta High Court stays reassessment proceedings against Unisource Hydro Carbon Services, highlighting the need for affidavits and potential natural justice violations.
The Kerala High Court ruled that government sanction is not required to prosecute police officers for custodial torture, as such acts are outside official duty.
Delhi ITAT deletes Rs. 1.37 Cr cash deposit addition for Fine Gujaranwala Jewellers, ruling sales were genuine despite demonetization surge.
Delhi High Court sets aside GST show-cause notice against Thales India regarding tax liability on seconded employees, citing CBIC circular and prior judicial precedent
