Since the penalty was reduced from 300% to 100% of the tax sought to be evaded, assessee was entitled to the benefit of Section 279(1A) of Income Tax.
Punjab and Haryana High Court, through a Writ of Mandamus, instructs tax authorities to allow taxpayers to rectify GSTR-1 details for December 2017, even after the official revision deadline of March 31, 2019.
Explore the Delhi High Court judgment on RS Wires Industries’ GST cancellation. Lack of details in show cause notice renders it unsustainable. Learn the implications and the need for proper proceedings.
Explore the Coastal Ceramics vs Union of India case where AP High Court rules that an interest-free refundable security deposit for project completion is not subject to income tax for AY 2019-20.
Explore the Madras High Court’s stance on applying Section 5 of the Amended Prohibition of Benami Property Act retrospectively. Analysis of recent judgments and implications for pending cases.
Explore Delhi High Court’s judgment in CIT Vs RRPR Holding Pvt Ltd for Assessment Year 2009-10. Analysis of interest expenditure adjustment against earned income and key legal questions answered.
Delhi High Court upholds ITAT order in PCIT Vs WSP Consultants India Pvt Ltd for AY 2012-13. Analysis of PLI computation and rejection of comparable Korus Engineering Solutions.
Explore the Patna High Court ruling in Nav Nirman Construction vs. Union of India, emphasizing that the Appellate Authority cannot dismiss an appeal for non-prosecution.
The designated authority was directed to release the confiscated Digital Multifunction Equipment on condition that, assessee should pay/deposit the enhanced duty and this order would not stand in the way for Customs Department to go ahead with the further proceedings including the adjudication in the manner known to Law.
Madras High Court quashes penalty under TNVAT Act, stating AO needs a definite finding on wilful non-disclosure in the assessment order.
