Both return and Form 10B were filed within extended due date (31.10.2018). Thus, substantive compliance was achieved. Filing of audit report after the return but before expiry of due date could not be construed as fatal non-compliance.
Where the Transfer Pricing Officer (TPO) accepted international transactions at arm’s length without proposing any variation under Section 92CA(3), assessee did not qualify as an “eligible assessee” under Section 144C(15)(b).
Since the SCN did not propose retrospective cancellation or raise the issue of non-existent premises, the impugned cancellation order was unsustainable therefore, assessee’s GST registration should be treated as cancelled only from 31 December 2024, the date of the SCN.
An analysis of constitutional challenges to India’s Income Tax Act. It covers legal principles, specific challenged provisions, and key judicial rulings.
An overview of presumptive taxation’s history, global use, benefits, and limitations. Examines its role in simplifying taxes for small businesses and constitutional challenges.
The DGFT amended the import policy for specific silver jewellery (ITC HS codes 71131141 & 71131149) from Free to Restricted, effective Sept 24, 2025, until Mar 31, 2026.
GSTAT directs e-filing of GST appeals via NIC portal with staggered deadlines up to June 30, 2026, to manage portal load and ensure smooth case processing.
ITAT Pune has sent the case of Shankar Saybu Rakhewar back to the Commissioner of Income Tax (Appeals) for a new hearing.
Mumbai ITAT has restored a bogus purchases case to the Assessing Officer for a fresh hearing, ruling that CIT(A) erred by partially restricting the addition without giving the assessee a full opportunity to present evidence.
GST 2.0 introduces tax reductions on medicines and medical devices in India. This summary details the changes, including tax exemptions and rate cuts, alongside challenges like inverted duty structure and inventory management.
