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Limited scrutiny is limited to aspects of information received through AIR returns

October 22, 2023 1380 Views 0 comment Print

Explore the Sanjeev Khemka vs PCIT case, addressing limited scrutiny, jurisdiction, and errors under Section 263 – ITAT Kolkata decision.

Navigating the Realm of Financial Influencers: A Quest for Regulation

October 21, 2023 1578 Views 0 comment Print

Explore the rise of financial influencers, the need for regulations, and the challenges of regulating finfluencers in India and worldwide.

No Penalty for Scrap Goods Cleared Without Further Manufacturing Process After Paying Duty Equivalent to CENVAT Credit Taken

October 21, 2023 405 Views 0 comment Print

CESTAT Chennai’s ruling in Balmer Lawrie & Co. vs. Commissioner of GST & Central Excise: Central excise duty on metal containers returned as scrap analyzed. No penalty levied.

HC Sets Aside GST Registration Cancellation order for Lack of Reason

October 21, 2023 2049 Views 0 comment Print

Delhi High Court nullifies a GST registration cancellation order issued without disclosing a specific reason, upholding principles of natural justice.

AO not considered Unsigned Reply: ITAT Directs Re-adjudication

October 21, 2023 660 Views 0 comment Print

In the Sonam Rajesh Rateria vs. ITO case, ITAT orders re-adjudication due to non-consideration of the Assessee’s unsigned reply to a notice under section 147.

No Pre-deposit Required When Appellate Authority Sets Aside Order-in-Original without Confirming Demand

October 21, 2023 969 Views 0 comment Print

In the case of Net Metallics vs. Union of India, the CESTAT rules on pre-deposit requirements where the Order-in-Original (OIO) is set aside without confirming a demand.

No Cash Sales Abnormalities During Demonetization- ITAT deletes addition

October 21, 2023 1383 Views 0 comment Print

In the case of J.R. Rice India Pvt. Ltd. vs. ACIT, ITAT Delhi removes Income Tax addition under section 68 for cash deposits during demonetization, citing no abnormal sales.

Delhi HC Allows deduction for Late PF Deposit on National Holiday

October 21, 2023 1551 Views 0 comment Print

Delhi High Court’s ruling in favor of PepsiCo India: Late deposit of employee’s PF due to a national holiday is permissible. Detailed analysis of the judgment.

Is Bitcoin a Savior’s Gift or Devil’s Deception

October 21, 2023 675 Views 0 comment Print

Discover the answer to the looming question: Is Bitcoin a Savior’s Gift or Devil’s Deception? Learn more about the finite supply and price volatility of Bitcoin!

Celo: Making Crypto Universal and Inclusive

October 21, 2023 960 Views 0 comment Print

Make cryptocurrency accessible and inclusive with Celo – experience the cUSD, a mobile-first platform for financial freedom.

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