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Non-Filing of Certified Copies Shouldn’t Lead to Appeal Dismissal Without Merit Review: Allahabad HC

September 30, 2024 654 Views 0 comment Print

Allahabad HC rules non-filing of a certified copy in e-appeals is a technical issue, not grounds for dismissal. Appeal must be heard on merit.

Section 50C Not Applicable: FMV and Sale Price Difference Within 10%

September 30, 2024 1428 Views 0 comment Print

ITAT Kolkata allows Nalanda Builders appeal on property sale valuation but upholds disallowance of short-term capital loss on share sales. Key details inside.

Section 115BAA: No Fresh Form 10IC Needed for Lower Tax Rate in Subsequent Years

September 30, 2024 1362 Views 0 comment Print

ITAT Kolkata ruled in favor of Narayani Laxmi Viniyog Pvt. Ltd., applying a 22% tax rate under Section 115BAA despite CPC’s 40% tax assessment for AY 2023-24.

Section 271(1)(c) penalty unjustified on estimated addition to income

September 30, 2024 804 Views 0 comment Print

ITAT Kolkata allows appeal, deletes Rs. 1,99,911 penalty imposed under Section 271(1)(c) of the Income Tax Act for commission income estimation dispute.

GST registration cannot be cancelled where SCN cites reasons as “Others”: Calcutta HC

September 30, 2024 921 Views 0 comment Print

Calcutta High Court rules GST registration cannot be cancelled without specific grounds, dismissing Limton Metals’ writ petition challenging cancellation notice.

No Interest or Penalties for Wrongly Availed but Unutilized ITC: Calcutta HC

September 30, 2024 4425 Views 0 comment Print

Calcutta High Court decision on Utpal Das case clarifies GST interest and penalties related to Input Tax Credit misuse.”

Dismissal of details by mere word ‘incomplete’ & one-line GST order: HC set-aside order

September 29, 2024 1014 Views 0 comment Print

The Madras High Court set aside an order against G. Anand for tax discrepancies, directing a detailed review and personal hearing by the Assistant Commissioner.

SC Slams CBDT for Excess Surcharge Demand; Urges Immediate Software Upgrade

September 28, 2024 8109 Views 0 comment Print

Supreme Court slams Revenue for excess surcharge demands due to software issues, urging immediate upgrades to prevent harassment of taxpayers.

Maximize Income Tax deductions with Health Insurance: Section 80D explained

September 27, 2024 4605 Views 0 comment Print

Learn how Section 80D offers additional deductions on health insurance premiums for individuals and HUFs. Maximize tax savings under the old tax regime.

Appellate Authority Cannot Enhance GST Liability Without SCN Under Section 107(11)

September 27, 2024 2496 Views 0 comment Print

The Calcutta High Court set aside orders in Hriday Kumar Das vs. State of West Bengal, remanding the case for fresh consideration of tax liabilities and penalties.

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