The West Bengal GST Department ruled that intra-State movement of goods related to job work remains exempt from e-way bill generation even if consignment value exceeds Rs. 50,000. The circular provides practical illustrations for better compliance understanding.
ITAT Delhi noted that confirmations from the company and broker regarding share transactions were available but not adequately considered by the Assessing Officer. The case was remanded for denovo assessment.
The Supreme Court held that self-assessment introduced under the amended Customs Act qualifies as an assessment order under Section 2(2). Importers seeking refund must first challenge such assessment through statutory remedies before filing refund claims.
Chennai ITAT condoned a massive delay in filing appeals after accepting the assessee’s explanation that he became aware of favourable BSNL VRS rulings through employees’ WhatsApp groups. The Tribunal also held that BSNL VRS-2019 compensation is fully exempt under Section 10(10B).
The Income Tax Act 2025 has overhauled the 1961 law by introducing new section numbers, a unified “Tax Year,” and simplified compliance structures. The article explains the key renumbered provisions taxpayers must now remember.
The article explains how rising oil prices, inflation, and economic uncertainty are affecting salaried individuals, farmers, traders, and businesses. It highlights the importance of tax planning, liquidity management, and compliance discipline.
Social media creators earning from YouTube, Instagram, sponsorships, and affiliate marketing must report income as professional business income under Code 16021. The guide explains GST, TDS, presumptive taxation, and compliance rules for creators.
Mumbai ITAT treated appeals against rejection of Section 12AB and 80G registration as infructuous after the CIT(E) subsequently granted approval following the Bombay High Court ruling. The original rejection had been based solely on absence of an irrevocability clause in the trust deed.
Telangana High Court dismissed the writ petition seeking action by the Income Tax Department against other partners of a firm over non-filing of returns. The Court held that inter se partnership disputes are private matters and do not create a statutory obligation on the Department.
The High Court disposed of the writ petition without expressing any opinion on the merits of the GST dispute. The petitioner was granted liberty to pursue the statutory appellate remedy against the Order-In-Original.
