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Archive: 21 July 2025

Posts in 21 July 2025

Section 75(10) GST SCN Issued Beyond 30 Days Invalid: Gujarat HC

July 21, 2025 816 Views 1 comment Print

The Gujarat High Court is reviewing a challenge by Indusind Bank against a GST show cause notice issued beyond the statutory period, citing precedents.

0% Tax for Startups in India for 3 Years: Everything You Need to Know About Section 80-IAC

July 21, 2025 3636 Views 0 comment Print

Eligible Indian startups can get 100% income tax exemption for 3 years under Section 80-IAC. Learn eligibility, DPIIT recognition, and application process.

Mere mention of Wrong Dispatch Location In E-Waybill Not Ground For Penalty

July 21, 2025 2649 Views 0 comment Print

Mere mention of Wrong Dispatch Location In E-Waybill Not Ground For Penalty, No Tax Evasion Found Seizure and Penalty Order To Be Set Aside: Allahabad High Court

ITAT Sets Aside Assessment & Permits Fresh Hearing as Assessee claims to be mere Rent Collector 

July 21, 2025 225 Views 0 comment Print

ITAT Chennai remands Wavoo Real Estate’s tax appeals to AO for fresh adjudication, citing ex-parte assessment and new evidence, with a condition of payment to Legal Aid.

Taxation of Upfront Lease Premium under a BOT Lease: Key Aspects

July 21, 2025 2226 Views 0 comment Print

Understand the income tax implications of upfront lease premiums in BOT leases for lessors and lessees, including taxability, TDS, and amortization rules.

Non-participation in appellate proceeding due to judicial custody is genuine reason

July 21, 2025 276 Views 0 comment Print

ITAT Hyderabad held that assessee failed to participate in proceeding and produce any explanation or source of deposits as well as credits since he was in judicial custody. Accordingly, matter remanded back for fresh adjudication.

Section 11 Exemption Allowed on Kuri Business Profits Applied for Trust Objects

July 21, 2025 339 Views 0 comment Print

ITAT Cochin allows Section 11 exemption for Sree Narayana Dharma Paripalana Youvajana Samithi’s Kuri business income, citing prior precedents.

जीएसटी में एडवांस रूलिंग: एक विस्तृत अवलोकन

July 21, 2025 978 Views 0 comment Print

जीएसटी के तहत एडवांस रूलिंग (AAR) की प्रक्रिया, प्रासंगिक धाराएं, आवेदन के विषय, और इसके महत्व को जानें। यह करदाताओं को कर संबंधी अनिश्चितताओं को दूर करने में मदद करता है।

GSTR-3A Notices: GSTN Clarifies for Cancelled Composition Taxpayers

July 21, 2025 936 Views 0 comment Print

GSTN clarifies GSTR-3A notices sent to cancelled composition taxpayers were due to a system error. Ignore if registration cancelled or GSTR-4 filed.

Direct Taxation Under Indirect Tax: Unjust GST Burden On India’s Poorest

July 21, 2025 546 Views 0 comment Print

As India’s employment landscape evolves, secure government jobs, once symbols of stability and upward mobility, are rapidly giving way to contractual roles lacking security or long-term prospects. This shift has hit low-income workers the hardest, especially those hired through manpower recruitment agencies. Even private companies now prefer hiring through contractors, as it helps them avoid […]

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