The ITAT Kolkata rules on the Nabiul Industrial Metal case, deeming an assessment invalid due to jurisdictional issues with the faceless assessment scheme’s implementation date.
The Delhi High Court upholds the ITAT’s decision to delete a Rs. 5.17 crore addition to Anoop Jain’s income, finding no evidence he owned the funds under Section 69A of the Income Tax Act.
ITAT Ahmedabad partially allows an appeal by Bhikhabhai Hirabhai Patel, reducing late filing fees after ruling that TDS is not applicable to property transfers under Rs. 50 lakhs per transferee.
ITAT Bangalore recalls an order in the case of Smt. M.K. Rajeshwari, ruling that a Single Member Bench should not have heard the appeal as the assessed income exceeded the Rs. 50 lakh limit.
The Himachal Pradesh High Court has ruled that recovering GST demand before the appeal period expires is invalid, ordering the department to refund the amount with interest.
Calcutta High Court rules that once an issue has been adjudicated under Section 74, the tax authorities cannot initiate new proceedings under Section 73 for the same cause of action.
P&H High Court has ruled that a retired partner remains liable for a firm’s GST dues if they fail to provide timely intimation of their retirement to Commissioner.
Law enforcement agencies, including the DGGI, must strictly adhere to legal procedures, including providing grounds for arrest and reasons for believing an offense was committed. Failure to do so can render an arrest illegal.
Learn the correct accounting treatment for fixed assets purchased with foreign contributions under the FCRA. This guide covers capitalization, disclosure, and compliance requirements.
The GST law lacks a mandatory reconciliation rule for GSTR-6A, creating friction for taxpayers and departments. A legislative fix is needed to align ISD compliance with GSTR-2B practices.
