ITAT Indore held that stamp duty valuation cannot be adopted without considering Section 50C(2)/(3). The matter was remanded for DVO reference and fresh computation.
The Court refused to entertain a writ petition challenging rectification orders under Section 161, holding that the petitioner must pursue the statutory appellate remedy instead of invoking Article 226.
NCLAT held that where the Guarantee Deed capped total liability at ₹75 lakhs in aggregate, the ₹1 crore threshold under Section 4 of IBC was not met. The Section 7 insolvency application was set aside for lack of jurisdiction.
Madras High Court directed provisional release of detained second-hand MFDs, following earlier orders in similar cases. Release is subject to conditions and final adjudication.
Madras High Court held that the Settlement Commission did not adequately scrutinize the detailed explanation of undisclosed income. The matter was remanded for fresh consideration under Section 245C.
Key rulings clarify return mismatches, ITC disputes, anti-profiteering, and Section 74 proceedings, providing crucial guidance for tax professionals and compliance strategies.
Section 105 BNSS replaces witness-dependent searches with mandatory audio-video documentation, ensuring transparency and judicial oversight during searches and seizures.
Ensure smooth financial year closure by reconciling sales, ITC, RCM liabilities, and invoice numbering. Avoid penalties and interest by following this step-by-step GST year-end guide.
The GST Portal now allows Rule 14A taxpayers to exit via Form REG-32. Learn the step-by-step process, eligibility conditions, and mandatory Aadhaar authentication requirements.
Charitable trusts and NGOs are taxable under GST unless specific exemptions apply. Learn which activities, donations, and supplies attract GST and how to ensure compliance.
