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ITAT Remands Case for Verification of Liability under Section 41(1)

December 29, 2024 594 Views 0 comment Print

ITAT Surat remands case to AO for verification of Rs. 15.71 Lakh liability under Section 41(1) due to lack of evidence of payment and TDS deduction.

Allegations of clandestine removal require conclusive proof: CESTAT Kolkata

December 28, 2024 900 Views 0 comment Print

CESTAT Kolkata rejects Revenue’s case against Agrasen Sponge Pvt Ltd, citing lack of evidence for alleged clandestine removal and production discrepancies.

CIT Vs Vatika Township: SC explains Retrospective Tax Law Principles

December 26, 2024 4839 Views 0 comment Print

Supreme Court clarifies the principles of retrospective taxation in CIT Vs Vatika Township, addressing the application of Section 113 of the Income Tax Act.

How to calculate and pay advance tax for corporates

December 26, 2024 11298 Views 0 comment Print

Learn steps for calculating and paying advance tax for corporates, due dates for instalments and penalties for delayed payments under Income Tax Act.

Illegal Constructions Cannot Be Regularized: Supreme Court

December 25, 2024 150102 Views 1 comment Print

Supreme Court ruled that unauthorized constructions, even if longstanding, cannot be legitimized under law, citing public interest and urban planning integrity.

Deposit During Investigation or Audit to Count for Pre-Deposit in Customs Appeals

December 24, 2024 1431 Views 0 comment Print

The CESTAT Ahmedabad ruling in RTI Spinners Vs C.C.- Mundra considers pre-deposit requirements under Section 129E of the Customs Act. Appeals remanded for further review.

CIT Cannot Reject Revision for Procedural Errors & Delay Without Merit Examination

December 24, 2024 804 Views 0 comment Print

The Madras High Court remanded the case of AKR Academy, challenging the denial of exemption under Section 10(23C) due to an error in filing the income tax return.

Trust cannot be denied deductions for clerical errors in Return filing: ITAT Delhi

December 24, 2024 5424 Views 0 comment Print

Arya Samaj G.K.-II disputes typographical errors and exemptions u/s 11 in their appeal to ITAT Delhi for AY 2014-15. Read the full case analysis here.

Blocking of ITC credit is not directly related to actual recovery of taxes but to Ensures that Ineligible ITC Isn’t Utilized

December 23, 2024 1347 Views 0 comment Print

Calcutta High Court examines the blocking of IGST credit under Rule 86A in Basanta Kumar Shaw’s case due to alleged mismatch in tax records for 2018-2021.

GST Rule 86A does not constitute a recovery provision: Allahabad HC

December 23, 2024 1041 Views 0 comment Print

Allahabad High Court rules on Rule 86A of GST for blocking input tax credit. Clarifies scope, purpose, and limits of actions under the rule in RM Dairy case.

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