Follow Us:

Meghalaya HC Orders Customs to refund ₹60 Lakhs for destroying seized betel nuts

July 18, 2024 807 Views 0 comment Print

Meghalaya High Court directs Customs to refund Rs. 60 lakhs for destroying seized betel nuts. Learn about the court’s decision and the legal proceedings involved.

GST demand due to TDS Mismatch & Petitioner’s Ignorance: HC directs re­consideration 

July 18, 2024 2670 Views 0 comment Print

Read the full text of the Madras High Court’s judgment allowing contesting of GST assessment due to accountant’s exit affecting proceedings.

No penalty for cash loan from Directors for Business Exigency: ITAT Chennai

July 18, 2024 891 Views 0 comment Print

Read the detailed analysis of ITAT Chennai’s decision on penalties under sections 269SS and 269T for Pearl Beach Promoters P. Ltd. in the case of cash loans from directors.

ITAT Upholds Section 56(2) Addition for Property Purchase Without Consideration

July 18, 2024 1008 Views 0 comment Print

Read the detailed analysis of Indira Ramaiah Vs ITO case by ITAT Bangalore. ITAT upheld the addition of gift for undisclosed investments and property purchase.

Section 56(2)(viib) Not Apply to Shares Allotted at Premium to Holding Company

July 18, 2024 1053 Views 0 comment Print

Read the full text of the ITAT Delhi order on Sec 56(2)(viib) and its implications for premium amounts on shares issued to holding companies.

Absence of GSTAT: Calcutta HC to Hear Writ Petition Challenging GST Orders

July 18, 2024 519 Views 0 comment Print

Calcutta High Court provides temporary relief to taxpayers awaiting GST Appellate Tribunal, allowing challenges against WB Goods and Services Tax Act orders.

Limitation Period Not Applicable for Custom Duty Paid Under Protest: CESTAT Allahabad

July 18, 2024 1989 Views 0 comment Print

Explore the CESTAT Allahabad order on Ratan Textiles Pvt Ltd vs Commissioner of Customs, discussing the absence of a time limit under Section 27 for refunding customs penalty and redemption fines.

Assessment Order Passed after allowing only 2 Days to respond to SCN not Sustainable

July 18, 2024 1479 Views 0 comment Print

In this case, Gudiyatham Muniraj Ashokkumaran challenged an assessment order, citing breach of natural justice principles due to inadequate response time to an Income Tax show cause notice.

CBDT Circulars on Monetary Limits Apply to Pending Appeals: Bombay HC

July 17, 2024 1017 Views 0 comment Print

Bombay High Court decision in CIT Vs Madhukar K. Inamdar H.U.F., addressing applicability of CBDT Circular dated 15-05-2008 on tax effect limits for appeals.

No addition for explained demonetization currency deposited in Bank

July 17, 2024 597 Views 0 comment Print

In the case of Mewar Hospital Pvt. Ltd. Vs ACIT (ITAT Jodhpur), Bench ruled no addition for explained demonetization currency deposited in bank, validating proper accounting practices.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930