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No Section 54F Exemption for Property used for Religious purposes: ITAT Hyderabad

January 21, 2024 933 Views 0 comment Print

Explore ACIT Vs Iqbal Ali Khan case at ITAT Hyderabad, challenging disallowance of Section 54F claim on a property used for religious purposes. Detailed analysis and outcome.

HC upheld reassessment as AO not sought information for multiple assessment years

January 21, 2024 1017 Views 0 comment Print

In Champa Impex Private Limited vs. Union of India, Calcutta High Court upholds income tax reassessment, emphasizing procedural adherence and specificity in notice issuance.

Sports Broadcasting Fees for Live Feed Not Taxable as Royalty: Delhi High Court

January 21, 2024 612 Views 0 comment Print

Delhi High Court’s judgment in CIT vs. Fox Network Group Singapore PTE Ltd. clarifies income tax treatment of live transmission fees under Income Tax Act Section 9(1)(vi).

Madras HC Allows Withdrawal from Frozen Bank Account for Filing GST Appeal

January 21, 2024 498 Views 0 comment Print

Read about the recent Madras High Court judgment in Rathinavel Pandian vs Assistant Commissioner (ST) regarding the recovery of Input Tax Credit (ITC) under SGST and CGST, including interim relief for a frozen bank account.

Gujarat HC Addresses Challenges Faced by Businesses Due to Faulty GSTN Portal

January 21, 2024 615 Views 0 comment Print

Explore the recent Gujarat High Court case involving Dharmdeep Commodities Pvt. Ltd. and the State of Gujarat, addressing challenges in claiming GST refunds due to technical issues with the GSTN portal.

Determination of value of excisable goods for assessment falls within exclusive jurisdiction of SC

January 20, 2024 306 Views 0 comment Print

Explore exclusive jurisdiction of Supreme Court under Section 35L of Central Excise Act, 1944 in determining value of excisable goods for assessment. Analysis of a recent case.

No Service Tax Liability for Sellers of SIM and Recharge Cards when Telecom Operators Pay Tax on Full MRP

January 19, 2024 498 Views 0 comment Print

If telecom operators already pay service tax on the entire Maximum Retail Price (MRP) value of SIM cards and recharge cards, individuals selling or dealing with these cards to the public are not subject to additional service tax liability.

Provisions of section 50C not applicable for Assessment Year 2013-14: ITAT Bangalore

January 19, 2024 723 Views 0 comment Print

Income Tax Appellate Tribunal (ITAT) Bangalore’s significant order favoring Saritha Jain against the Commissioner of Income Tax (Appeals) for Assessment Year 2013-14, covering various grounds challenging income tax assessment.

Kerala HC direct Rectification of Mistaken ITC Claim under CGST & SGST Instead of IGST 

January 19, 2024 10959 Views 0 comment Print

Kerala High Court’s recent case involving Divya S.R. under CGST and SGST Acts. The court directs consideration of a rectification application for mistakenly claimed IGST input tax credit.

Allahabad HC Addresses ITC Blockade in Amarnath Trading Company vs. State of U.P.

January 19, 2024 582 Views 0 comment Print

In a recent case before the Allahabad High Court, Amarnath Trading Company took on the State of Uttar Pradesh, challenging an order that blocked Input Tax Credit (ITC) worth Rs. 53,61,832.

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