Assessing Officer to exclude flats already sold or for which advances were received from the stock held by the assessee. For the remaining flats held as stock in trade, the municipal ratable value should be adopted for determining the income from house property.
Analysis of Jones Diraviam Vs Deputy Commissioner GST Appeal ruling by Madras High Court. Impact on businesses, legal considerations, and rights of entrepreneurs.
Madras HC directs statutory appeal regarding alleged erroneous 100% penalty imposed under CGST Act for period falling under VAT regime. Detailed analysis provided.
Understand CESTAT’s decision on inclusion of separately shown freight and insurance charges in excisable goods’ assessable value.
The Delhi High Court nullifies a CESTAT order for lack of jurisdiction, instructing a revision with the Central Government under the Customs Act.
Delhi High Court sets aside a tax demand of Rs 2.4 crore against Mudita Express Cargo Pvt. Ltd., citing insufficient reason for rejecting their response to SCN.
Delhi High Court sets aside a tax demand against SPS Enterprises, citing non-consideration of their reply and evidence, orders re-adjudication with opportunity for filing additional reply and personal hearing.
Read the detailed analysis of the CESTAT Allahabad order directing the Commissioner of Customs to return seized gold, ruling it wasn’t smuggled. Learn about the case of Commissioner of Customs (Preventive) vs. Sai Max Jewelers.
Madras HC sets aside order against deceased for income tax proceedings, citing timely intimation of death. Detailed analysis and conclusion provided.
It observed that since the assessment order was already available on the department website, the petitioner had referenced it while filing the appeal electronically. Therefore, the Court concluded that the requirement was substantially met, and the date of filing should have been considered as 26.09.2022.
