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Gujarat HC Grants Relief against Coercive Tax Recovery by GST Department

June 29, 2024 312 Views 0 comment Print

The Gujarat High Court granted interim relief to P.R. Trading, halting coercive GST recovery labeled as voluntary. The matter is set for hearing on July 1, 2024.

Reopening a case does not require final proof of suppression but rather prima facie material

June 29, 2024 276 Views 0 comment Print

Read the detailed analysis of the Rajasthan High Court’s judgment in Jugal Kishore Lohiya vs Principal Chief Commissioner of Income Tax, focusing on Sections 148 and 148A.

Alleged circular transactions & Bogus Invoicing: HC upheld validity of reassessment proceedings

June 29, 2024 771 Views 0 comment Print

Explore the detailed analysis of Chetak Enterprises Ltd. Vs ACIT Rajasthan High Court judgment on reopening assessments under Section 148A of the Income Tax Act. Understand the implications and legal nuances.

Filing of Form 67 is procedural or directory requirement not a mandatory one

June 27, 2024 141 Views 0 comment Print

ITAT’s judgment in the case of Eastman Industries Ltd. Vs ACIT addressed critical procedural issues related to the late deposit of employees’ provident fund contributions and the submission of Form 67 for claiming FTC.

Section 263 should not be exercised at instance of assessing officer

June 27, 2024 195 Views 0 comment Print

The court highlighted that jurisdiction under Section 263 should not be exercised at the instance of the assessing officer. This precedent reinforced the Tribunal’s decision to set aside the PCIT’s order in Reeta Lakhmani’s case.

Loss of penny stock: Section 263 revision not valid if twin conditions not fulfilled

June 27, 2024 147 Views 0 comment Print

Explore the Calcutta High Court judgment in PCIT Vs Kaushalya Dealers Pvt Ltd under Income Tax Act 1961, focusing on Section 263 jurisdictional issues and assessment validity.

Fresh opportunity be granted for personal hearing when SCN was inadvertently sent to old address of Assessee

June 27, 2024 120 Views 0 comment Print

Read the detailed analysis of Madras High Courts decision granting a fresh hearing when a GST Show Cause Notice was sent to the wrong address in C. Ekambarams case.

Kerala HC on levy of KVAT on sale of apartments & exclusion of Land Value from Taxable Turnover

June 26, 2024 246 Views 0 comment Print

Detailed analysis of Kerala High Court’s judgment on KVAT Act in DLF Home Developers Limited vs State of Kerala. Learn about works contract taxation under KVAT.

HC directs AO to consider objection of Assessee before finalising Assessment Order

June 26, 2024 306 Views 0 comment Print

Read the full judgment of Kerala High Court on Mammed Komban vs. National Faceless Assessment Center. Analysis of assessment order violations under Income Tax Act sec. 147.

Hearing Opportunity Mandatory for GST liability Determinations: Allahabad HC

June 26, 2024 291 Views 0 comment Print

Allahabad HC rules hearing opportunity mandatory under Section 75(4) of GST Act for tax liability determinations. Full analysis of Eveready Industries vs. State of U.P. case.

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