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Rajasthan HC Grants Bail in Rs. 72 Crore Alleged Fake Invoicing Case

March 22, 2024 459 Views 0 comment Print

Detailed analysis of Rajasthan High Courts judgment in Lakshya Agarwals bail case involving Rs. 72 Crore Alleged Fake Invoicing Case

SC Grants Bail to Accused in Input Tax Credit Scam under CGST Act

March 22, 2024 1263 Views 0 comment Print

Read the detailed analysis of Ramchandra Vishnoi et al. v. Union of India case where the Supreme Court grants bail after considering previous rejections. Learn more about the conditions imposed.

Petitioner availed Lower ITC than GSTR 2A Amounts: conclusion of AO of wrongful ITC availing indicates non-application of mind

March 22, 2024 1788 Views 0 comment Print

Madras High Court quashes assessment order for availing lower Input Tax Credit than reflected in GSTR 2A, citing non-application of mind. Details of the judgment here.

CESTAT can Dismiss Customs Appeal for Non-Compliance with Pre-Deposit requirement

March 21, 2024 408 Views 0 comment Print

Delhi High Court rules on G & S International vs. Commissioner of Customs case, affirming CESTAT’s power to dismiss appeals for non-compliance with pre-deposit under Section 129E.

Interest & Dividend from Investments between Co-op Societies Eligible for Section 80P(2)(D) Deduction

March 21, 2024 795 Views 0 comment Print

In a case between Konkan Education Society Sevak Sahakari Patpedhi Ltd and ITO, ITAT Pune rules interest & dividend from cooperative investment deductible under Income Tax Act.

No Section 271D Penalty for Cash Loans from Close Relatives: Reasonable Cause

March 21, 2024 1263 Views 0 comment Print

In Mani Sundaram Vs ITO (ITAT Chennai), cash loans from relatives, later treated as gifts, didn’t incur penalty under section 271D of the Income Tax Act.

GST Section 75(4): Disjunctive ‘Or’ Signifies Dual Scenarios Requiring Personal Hearing

March 21, 2024 741 Views 0 comment Print

Section 75(4) of UPGST Act: Use of disjunctive conjunction ‘or’ in statute indicates two distinct scenarios where personal hearing must be granted:

ITAT Deletes Cash Deposit Addition; Source Linked to Property Sale Advance received by father

March 21, 2024 462 Views 0 comment Print

In the case of Aashish Luthra vs. ITO, ITAT Mumbai deletes cash deposit addition after establishing the source as property sale advance received by the father.

Absence of thorough verification of origin of cash funds: ITAT directs re-adjudication

March 21, 2024 366 Views 0 comment Print

Explore the case of Shantabai Jasraj Lodha challenging additions made by CIT(A) – NFAC regarding a Rs.20 lakhs deposit during demonetization. Analysis reveals discrepancies and remand for further verification.

Management Service Fees paid to non-resident AEs is Deductible Expenses

March 21, 2024 309 Views 0 comment Print

Explore the ITAT Delhi ruling on the eligibility of management service fees paid to non-resident AEs under section 37(1) of the Income Tax Act in the case of Iris Worldwide Integrated Marketing Pvt. Ltd vs. DCIT.

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