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Bail Granted in ₹15.58 Cr GST ITC Fraud Case: Gujarat HC

August 20, 2024 888 Views 0 comment Print

Gujarat HC grants bail to Krupeshbhai Rameshbhai Patel in ₹15.58 Cr fake ITC case involving 69 fictitious firms. Court cites conditions and safeguards.

Doctrine of merger applies to cases where higher court decisions supersede lower court orders: SC

August 20, 2024 909 Views 0 comment Print

Review of the Supreme Court judgment in Uttar Pradesh Vs Virendra Bahadur Katheria on pay scales and the doctrine of merger in judicial decisions.

Vodafone Idea Not Required to Deduct TDS on Foreign Telecom Charges: SC

August 20, 2024 831 Views 0 comment Print

Supreme Court dismisses IT Dept’s petition, ruling Vodafone Idea isn’t liable to deduct TDS on payments to non-resident telecom operators, following past judgments.

Assessee entitled to deemed Section 12AB registration if application not disposed off in 6 months

August 20, 2024 618 Views 0 comment Print

Bombay HC examines the rejection of Purandhar Technical Education Society’s 12AB registration by CIT, highlighting procedural errors and existing valid registration.

Section 5A: Income Division vs. Asset Division under Portuguese Law

August 20, 2024 498 Views 0 comment Print

Bombay High Court quashes order and reopening notice for Smt. Sunita Purushottam Virgincar, ruling Section 5A of IT Act does not apply due to Portuguese Civil Code.

Calcutta HC Remands Case for Fresh Assessment; Warns Against Non-Cooperation

August 19, 2024 951 Views 0 comment Print

Calcutta HC remands Somnath Commosales Pvt Ltd case to AO for fresh assessment. The final opportunity is granted; non-cooperation will result in no further indulgence.

Section 130 GST Proceedings Inapplicable for Excess Stock Found During Survey

August 19, 2024 3702 Views 0 comment Print

Allahabad High Court ruled Section 130 of GST Act can’t be applied for excess stock found during search; Section 73/74 should be used for tax determination.

MAT Credit Dispute: Section 263 notice not maintainable if exercise done by AO was not erroneous 

August 19, 2024 582 Views 0 comment Print

Calcutta HC dismisses appeal by revenue, upholds ITAT decision quashing PCIT order under Section 263 on MAT credit and doubtful debts for Eastern Coalfields Ltd.

Adjuvants classifiable as per material composition in respective Tariff heading: CESTAT Bangalore

August 19, 2024 765 Views 0 comment Print

CESTAT Bangalore rules Montanide ISA 206 VG is not classifiable as a veterinary vaccine. Penalty on Bharat Biotech under Customs Act deleted.

No income Tax addition based on document’s which did not explicitly mention assessee’s name

August 19, 2024 4188 Views 0 comment Print

Calcutta High Court affirms ITAT’s decision to delete income tax addition under Section 69 due to lack of direct evidence against Salarpuria Properties Pvt. Ltd.

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