A summary of India’s GST 2.0 reforms, including new tax slabs, changes to rates for various sectors, and crucial compliance guidelines for businesses.
The Raipur ITAT remanded the Omax Minerals tax case back to CIT(A) after finding that the company was denied a fair opportunity to be heard in a penalty proceeding. The ruling cites procedural irregularities.
ITAT Mumbai restored a trust’s 12A registration application after it was rejected for a 29-month delay, citing trustee’s illness as a reasonable cause for lapse.
The ITAT ruled that a short notice period of less than 15 days constitutes a violation of the principles of natural justice, and an appeal cannot be dismissed on such grounds, even if the taxpayer fails to attend.
The ITAT Kolkata deleted additions on expenses, purchases, and work-in-progress for Axora Resources, ruling that ad hoc disallowances without rejecting the books of accounts are unsustainable.
The ITAT Ahmedabad has rebuked the CIT(A) for dismissing Anmol Medicare Limited’s appeal ex-parte without a reasoned order, remanding the case for a new hearing on its merits.
The Income Tax Appellate Tribunal (ITAT) in Pune has condoned a 76-day delay in an appeal filed by Avinash Haribhau Shinde. Citing “reasonable cause” and the impact of the COVID-19 pandemic, the tribunal set aside the case to the CIT(A) for a fresh hearing,
Tribunal held that the assessee’s revised application correcting an incorrect section code, filed within the CBDT extended deadline, is valid. CIT(E)’s rejection as non-maintainable was set aside.
An overview of India’s tax provisions for set-off and carry forward of losses, covering key sections, conditions, and anti-abuse rules.
ITAT Pune condones a 242-day delay and sets aside a tax addition on demonetisation cash deposits for a co-operative society, remitting the case for re-examination.
