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Allahabad HC Dismisses Writ Petitions Against CBIC’s Date Extension Notification

June 3, 2024 4518 Views 0 comment Print

Read the detailed analysis of the Allahabad High Court’s dismissal of writ petitions challenging CBIC’s date extension notification under Section 168A for FY 2017-18.

Allahabad HC to hear Case on GST Search Discipline & Coercive Tax Recovery

June 1, 2024 1191 Views 0 comment Print

Analysis of Gallantt Ispat Limited vs Union of India case in Allahabad HC, focusing on tax recovery and investigation guidelines.

Non-disclosure of Exempt LTCG Doesn’t Cause Revenue Loss: Invalidates Section 263 Proceedings

May 31, 2024 975 Views 0 comment Print

In Karan Jain vs. Union of India, Guwahati High Court rules that non-disclosure of exempt LTCG does not result in revenue loss. Detailed analysis and conclusion provided.

Condonation application cannot be rejected straightway in a cryptic, confused & absurd manner

May 31, 2024 855 Views 0 comment Print

Orissa High Court remits income tax matter back to PCIT after rejecting delay condonation applications in a cryptic manner. Detailed analysis of the case provided.

Indian Women Traditionally Keep Jewelry at Maternal Home for Various Reasons: ITAT Delhi deletes addition

May 31, 2024 1302 Views 0 comment Print

ITAT held that Indian Women Traditionally Keep Jewelry at Maternal Home for Various Reasons and CBDT instruction, where the status of the family and customs and practices of the community to which family belongs, permit an assessee to hold larger quantity of jewellery and ornaments out of the purview of seizure.

ITAT Bangalore: Tax Cash Deposit from Store Business at 8%

May 31, 2024 936 Views 0 comment Print

Read the detailed analysis of Smt. Kopparum Laxminarayan Kumuda vs ITO case by ITAT Bangalore. Learn why cash deposits were taxed at 8%.

Courier license cannot be revoked for Omission to Appoint Authorized Person for Courier Bill of Entry 

May 31, 2024 564 Views 0 comment Print

Discover the CESTAT Bangalore judgment on Pigeon International vs. Commissioner of Customs. Analysis of penalties, violations, and conclusions.

NCLAT Directs NCLT on CoC Reconstitution: Srei Equipment Finance Ltd. Vs Harsh Arora

May 31, 2024 633 Views 0 comment Print

NCLAT directs NCLT to decide on reconstitution of CoC after considering reply in Srei Equipment Finance Ltd. Vs Harsh Arora case. Full text of judgment included.

Expenditure on Leasehold Premises Disallowed by Kerala HC due to Lack of Explanation

May 31, 2024 846 Views 0 comment Print

Read the Kerala High Court judgment on Hotel Allied Trades Pvt. Ltd vs ACIT regarding expenditure on leasehold premises. Detailed analysis and implications included.

Same Methodology Must Be Applied for Valuing Opening & Closing Stock: Kerala HC

May 31, 2024 1563 Views 0 comment Print

Explore the detailed analysis of P. A. Jose Vs Union of India judgment by Kerala High Court regarding the valuation methodology for opening and closing stock. Understand the implications and legal aspects.

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