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Disallowance of section 35(2AB) deductions- Analysis of Deepak Novochem Technologies Ltd. vs ACIT (ITAT Mumbai)

January 24, 2024 2535 Views 0 comment Print

Deepak Novochem Technologies Ltd. Vs ACIT (ITAT Mumbai) Introduction: The appeals by Deepak Novochem Technologies Ltd. against the order of the Ld. Commissioner of Income-tax (Appeals)-50, Mumbai, for assessment years 2014-15 to 2018-19, present a complex set of issues. The primary focus revolves around the disallowance of deductions under section 35(2AB) of the Income-tax Act, […]

Secured Creditors Prevail Over State Departments including excise & revenue: HP HC

January 24, 2024 453 Views 0 comment Print

Explore Himachal Pradesh High Court ruling in SBI vs. State of H.P. on the priority of secured creditors over Excise and Revenue departments in debt recovery

Delhi HC Rules Against Retrospective GST Registration Cancellation

January 24, 2024 885 Views 0 comment Print

Explore Delhi High Court verdict on GST registration cancellation. Learn about case, retrospective implications, and crucial date in this detailed analysis.

Quasi-judicial authority must decide issue of jurisdiction when raised: ITAT Delhi

January 24, 2024 918 Views 0 comment Print

ITAT Delhi acknowledged the significance of jurisdictional facts and held that a quasi-judicial authority must decide the issue of jurisdiction when raised. The lack of a clear decision on jurisdiction prompted the ITAT to set aside the PCIT’s order and remand the matter for a fresh decision, including the preliminary issue of jurisdiction.

ITAT Mumbai: Non-appearance Justified, Assessment Order Quashed

January 24, 2024 3741 Views 0 comment Print

ITAT Mumbai quashes assessment order in Ghanshyam Sagarmal Modi vs. ACIT case. Non-appearance justified; CIT(A)’s ex-parte decision overturned.

Madras HC Orders Removal of Property Attachment in M.K. Rajendran Pillai Case

January 24, 2024 978 Views 0 comment Print

Explore the legal victory in M.K. Rajendran Pillai Vs ACIT as Madras High Court lifts property attachment following the annulment of assessment orders and tax liabilities.

Section 69A applicable if Assessee fails to provide complete details of cash receipts

January 24, 2024 8079 Views 0 comment Print

Explore the legal intricacies as ITAT Mumbai delves into the dispute over undisclosed income, cash receipts, and the application of Section 69A in the case of Madhu Developers

Calcutta HC directs SGST Authority to Await CGST Adjudication

January 24, 2024 1740 Views 0 comment Print

Explore case of Mr. Mahabir Prasad Kedia vs Assistant Commissioner of State Tax. Calcutta HC directs SGST Authority to await CGST adjudication

Retrospective application of Section 12AB(4): Oxfam India registration cancellation Order Stayed

January 24, 2024 765 Views 0 comment Print

Explore how Delhi HC stays the Income Tax Department’s order canceling Oxfam India’s tax exemption. Analysis of the judgment and its implications.

Extended period of limitation cannot be invoked if no suppression or mis-declaration

January 24, 2024 2880 Views 0 comment Print

CESTAT Ahmedabad dismisses plea for extended limitation in Karnavati Car Air Conditioners case. Detailed analysis of value determination for CVD in Bill of Entries.

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