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Archive: 18 August 2025

Posts in 18 August 2025

Application of trust u/s. 12AB rejected as objects are not for benefit of general public

August 18, 2025 444 Views 0 comment Print

ITAT Ahmedabad application for registration of trust under section 12AB of the Income Tax Act since object of the applicant is not working for benefit of general public at large but is working for specific section of society. Accordingly, appeal of assessee dismissed.

CAG Highlights ₹7,929 Crore Errors in Income Tax Assessments

August 18, 2025 852 Views 0 comment Print

A CAG audit report on direct taxes for FY 2022-23 reveals over ₹7,929 crore in tax effect from 481 observations, highlighting assessment errors and rising arrears.

Matter of unexplained deposit remanded as assessee failed to represent before AO and CIT(A)

August 18, 2025 405 Views 0 comment Print

The Ld. AR requested that the matter may be remitted to the Ld. AO while the Ld. DR supported the order of the Ld. CIT(A). After considering the facts of the case, we deem it appropriate in the interest of justice and fair play that another opportunity needs to be provided to the assessee to represent her case properly before the Ld.

Management or Business Consultant and Business Support Service qualifies as input services hence CENVAT admissible

August 18, 2025 336 Views 0 comment Print

CESTAT Chennai held that CENVAT Credit in respect of service tax paid on input services i.e. Management or Business Consultant’s Service’ and ‘Business Support Service’ is duly eligible. Accordingly, disallowance of credit set aside.

Greenwashing & Limits of ESG Law: A Call for Regulatory Reform in India

August 18, 2025 1164 Views 0 comment Print

Explore how greenwashing undermines India’s ESG framework. This summary examines regulatory gaps, legal challenges, and the need for stronger laws to ensure transparency and trust.

Section 16(2)(c) of CGST Act and rule 36(4) of CGST Rules are constitutionally valid: Madras HC

August 18, 2025 705 Views 0 comment Print

Madras High Court held that provisions of section 16(2)(c) of the Central Goods and Services Tax Act, 2017 read with rule 36(4) of the Central Goods and Services Rules, 2017 are not violative of Article 14 of the Constitution of India. Accordingly, writ petition dismissed.

Never Miss an IPO: The Investor’s Blueprint for Tracking Upcoming Listings in India

August 18, 2025 534 Views 0 comment Print

Stay ahead in the Indian stock market. Learn how to track upcoming IPO dates, subscription windows, and essential data with a reliable IPO calendar.

Orissa HC Sets Aside Royalty Demand on Brick Kiln Unit for Lack of Due Process

August 18, 2025 498 Views 0 comment Print

Orissa High Court quashes royalty, additional charges, and penalty demand on Raja Bricks for stacked minerals, citing natural justice violation and ordering fresh hearing.

Foreign Tax Credit cannot be denied merely for delayed filing of Form No. 67: ITAT Jaipur

August 18, 2025 543 Views 0 comment Print

ITAT Jaipur held that delayed filing of Form No. 67 cannot be reason for denial of Foreign Tax Credit since filing of Form 67 is procedural/ directory requirement. Accordingly, appeal allowed and order of CIT(A) set aside.

Home Ministry Liable for GST on Hotel Rent: J&K High Court

August 18, 2025 1050 Views 0 comment Print

J&K High Court mandates Home Ministry to pay GST on hotel accommodation rent, in addition to fixed rent, citing prior precedent. Hotelier must register for GST.

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