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New applicants barred from participating in CIRP without fresh Form G issuance: NCLAT

April 10, 2024 429 Views 0 comment Print

NCLAT decision bars new applicants from participating in CIRP without fresh Form G issuance, impacting Mamta Binani case. Full judgment analysis here.

Delhi HC: ITC Claim Rejected, Assessee’s Reply Ignored – Re-adjudication Ordered

April 10, 2024 555 Views 0 comment Print

Delhi High Court directs re-adjudication as it finds Assessee’s detailed reply ignored in rejecting ITC claim. Full text of judgment/order provided.

Refund of Service Tax on Cancelled Flat Bookings Allowed by CESTAT Mumbai

April 10, 2024 1059 Views 0 comment Print

Read the full text of the CESTAT Mumbai order allowing refund of service tax paid on cancelled bookings of flats by Kanakia Spaces Reality Pvt. Ltd.

Retrospective GST Registration cancellation only if denial of ITC to customers of Taxpayer intended: HC

April 9, 2024 6429 Views 0 comment Print

GST Registration cannot be cancelled Retrospectively unless it is intended dent taxpayer’s customers input tax credit availed in respect of the supplies made by tax payer during such period.

Change of Opinion Not Allowed, Section 54 Deduction to HUF for Property Purchase in Individual’s Name

April 9, 2024 6621 Views 0 comment Print

ITAT Ahmedabad ruling regarding Section 54 deduction to a Hindu Undivided Family (HUF) for property purchase in an individual’s name. The decision emphasizes the principle against allowing a change of opinion in reassessment proceedings, based on established legal precedents.

HC condone delay in filing return of income by interpreting Section 119(2)(b) liberally

April 9, 2024 852 Views 0 comment Print

In a case concerning Thenkumarai Primary Agricultural Cooperative Credit Society, Madras High Court’s liberal interpretation of Section 119(2)(b) of Income Tax Act allows condonation of delay in filing return of income, considering genuine hardship faced by petitioner.

Section 263 Revisionary Powers Limited to Issues Addressed in Limited Scrutiny

April 9, 2024 486 Views 0 comment Print

In the case of Vijay Rajnikant Patel Vs PCIT, ITAT Ahmedabad rules that Section 263 revisionary powers are limited to issues addressed in limited scrutiny, ensuring adherence to CBDT instructions.

Error by Auditor in GST Return filings: HC allows restoration of GST registration 

April 9, 2024 558 Views 0 comment Print

In a case of erroneous GST return filings by an auditor, the Madras High Court orders the restoration of GST registration, acknowledging genuine transactions and directing corrective measures.

Admitting Service Tax Liability Pre-June 30, 2019: SVLDR Scheme Benefits eligible

April 9, 2024 291 Views 0 comment Print

Bombay High Court affirms eligibility under Sabka Vishwas (Legacy Dispute Resolution) Scheme. Full analysis of Gautam Hospitality Pvt. Ltd. vs Principal Commissioner GST & Central Excise.

ITAT Directs NFAC to Consider Section 80P(2)(d) Claims of ISRO Employees Society

April 9, 2024 372 Views 0 comment Print

Read the ITAT Bangalore order in the case of Space Employees Cooperative Housing Society Ltd. vs. ITO. Learn about delay condonation & Section 80P(2)(d) relief for ISRO Employees Society.

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