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Underreported Income & Misrepresentation: Bar to Section 270AA Application

December 28, 2023 2211 Views 0 comment Print

Explore the Kerala High Court’s judgment on IBS Software’s plea for immunity under Section 270AA of the Income Tax Act. Detailed analysis of the rejection and legal implications.

Madras HC Quashes GST Order on GSTR-3B and GSTR-2A Mismatch

December 28, 2023 20421 Views 0 comment Print

Read the full text of the Madras High Court judgment quashing the GST order for GSTR-3B and GSTR-2A mismatch due to lack of opportunity. Learn about the legal battle, proceedings, and implications.

GST Registration Cancelled Without Hearing: Allahabad HC Quashes Order

December 28, 2023 1782 Views 0 comment Print

Allahabad High Court overturns GST cancellation order against Manikya Engineers, citing lack of hearing. Full judgment analysis and implications revealed in this legal update.

Penalty Notice Invalid: Lack of Clarity on Section 271(1)(c) Limb Triggers

December 27, 2023 1023 Views 0 comment Print

Explore the case of Pr. CIT vs Ansal Properties: Penalty notice invalidated due to ambiguity in specifying Section 271(1)(c) limb for penalty proceedings.

IRP not a Public Servant: HC quashed CBI FIR u/s 7 of Prevention of Corruption Act

December 27, 2023 1284 Views 0 comment Print

Assessee was approached by Financial Creditor of FR Tech Innovations Private Limited (CD) for proposing the name of assessee as IRP in the company petition to be filed by the Financial Creditor under Section 7 of IBC, 2016 in the NCLT, Mumbai Bench by the FR Tech Innovations Private Limited.

Invalidity of Section 271(1)(c) Notice Without Specific Ground Specification

December 27, 2023 1578 Views 0 comment Print

Explore the Karnataka High Court’s ruling on penalty notices under Income Tax Act in CIT vs SSA’s Emerald Meadows. Learn about specificity requirements and key findings.

Judicial Interpretation of Section 44 in Context of Insurance Business: Case Analysis

December 27, 2023 1740 Views 0 comment Print

Delhi High Court’s ruling in Pr. CIT vs Sahara India Life Insurance Co. clarifies Section 44, emphasizes specificity in penalty notices under Section 271(1)(c).

No power to CIT in extending timeframe as AO was in seisin of assessment proceedings

December 27, 2023 927 Views 0 comment Print

Since the legislature vested the discretion to extend the timeframe solely in the AO, he could not have abdicated that function and confined his role to only making a recommendation to the CIT. CIT had no role in extending the timeframe as the AO was in seisin of the assessment proceedings.

Bombay HC directs customs authorities to issue detention charges waiver certificate

December 27, 2023 2817 Views 0 comment Print

Explore Bombay High Court’s landmark ruling favoring Sinochem India against the Union of India. Analysis of chemical import dispute, court observations, and implications.

Trademark Battle: ITC Limited vs. Britannia Industries Ltd. in Madras High Court

December 27, 2023 2457 Views 0 comment Print

Read about the Madras High Court’s decision to restrain the sale of Sunfeast Mom’s Magic butter cookies in blue wrappers, deemed deceptively similar to Britannia Good Day.

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