GST law does not prohibit commercial dealings with cancelled GSTIN holders. The key issue is correct tax treatment, not the existence of the transaction itself.
The article explains why GST liability cannot be shifted to payment aggregators unless expressly provided by law. Courts have held that intermediaries are not liable without proof of statutory obligation or intent.
The article explains how violating the twin conditions under Section 50C(2) can block valuation relief and trigger taxation on higher stamp duty value. It highlights judicial rulings making DVO reference mandatory if conditions are satisfied.
This article explains how residential status governs whether global income or only Indian income is taxable. It clarifies the classification rules for individuals and companies under Indian tax law.
The Supreme Court recommended that all High Courts incorporate rules requiring accused persons to disclose involvement in previous criminal cases in bail applications. The Court also expunged adverse remarks made against a Judicial Officer, holding them uncalled for.
The High Court ruled that the amended refund formula under Rule 89(5) is clarificatory and applies retrospectively. Earlier rejection and appellate orders were quashed and the matter remanded for fresh consideration.
The Tribunal held that mere booking of flats and receipt of token advances do not justify revenue recognition under the Percentage Completion Method without legally enforceable agreements.
The Court held that Section 119(2)(b) empowers condonation to avoid genuine hardship and rejected a hyper-technical denial of tax benefit. Delay in filing Form 10-IC was condoned and Section 115BAA benefit restored.
ITAT held that the 10% tolerance band under property valuation provisions applies retrospectively. The PCIT’s revision was set aside as it amounted to a change of opinion.
The Court ruled that an assessee cannot invoke Section 139(8A) after initiation of assessment proceedings under Section 143(2). It affirmed the disallowance of deductions and held that appeal is the proper remedy.
