The ITAT Ahmedabad has remanded a capital gains tax case for reconsideration, citing a need for proper verification of the property’s sale consideration and stamp duty valuation.
The Orissa High Court has set aside a tax demand order against Sai Sitaram Construction, ruling that it illegally included a GST amount already levied for the same tax period.
CESTAT rules that the 60% abatement on restaurant services must be excluded when calculating the small-scale industry exemption limit, reversing a tax demand.
The Income Tax Appellate Tribunal (ITAT) in Mumbai ruled in favor of Darius Sam Motashaw, deleting an unexplained cash credit addition of Rs. 2.85 lakhs. The court found that the assessing officer failed to investigate the source of funds received from the assessee’s broker via a banking channel, shifting the burden of proof incorrectly.
A summary of the Goods and Services Tax Appellate Tribunal (GSTAT) appeal process, covering online filing, required documents, and procedural steps for taxpayers.
A summary of the Rajasthan High Court’s ruling on GST appeal limitation periods, clarifying that the period starts upon effective communication, not just portal upload.
A summary of how GST has affected India’s small and middle-class businesses, from initial challenges to recent reforms that have simplified compliance and eased financial burdens.
A summary of the 56th GST Council meeting decisions, including GST rate changes on food, personal care items, and vehicles, along with key procedural reforms.
