Mere initiation of reassessment proceedings, which remain unfinalized, could not be a ground to deny an assessee the benefits available under the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024.
Anybody carrying on the business of Digital Marketing with cash transactions both on the aspect of receipts and payments in cash below 5% of the turnover, which was below Rs.5 Crores as per the proviso to Section 44 AB (a), the said assessee was not required to file an audit report and they were exempted.
Kerala High Court upholds tax on Guruvayur Devaswom’s voluntary contributions, affirming that the right to own property is not immune to tax laws.
The Kerala High Court has moved a temple’s tax exemption claim from the Devaswom Bench to the Income Tax Bench, clarifying judicial jurisdiction.
Demanding of tax which was over three times the tax proposed in the original show cause notice (SCN) was not justifies as the order was passed in complete violation of natural justice and beyond the scope of the SCN.
Calcutta High Court grants bail to Gopal Rathi, arrested for alleged GST fraud, citing failure to issue prior notice under BNSS and a period of 40 days in custody.
The Madras High Court remits a Rs.214 crore tax case, giving a petitioner one last opportunity to submit documents, citing financial hardship.
Bombay High Court held that seventh proviso in Section 2(b) of the Maharashtra Entertainments Duty Act (MED) is constitutionally valid and entertainment duty leviable on convenience fees collected for online ticket booking.
A Punjab and Haryana High Court ruling mandates a customs duty refund and ₹50 lakhs compensation for perishable goods that were obstructed and ruined.
Himachal Pradesh High Court held that extinguishment of debt under Insolvency and Bankruptcy Code [IBC] wouldn’t ipso facto apply to extinguishment of criminal proceedings under section 138 of the Negotiable Instruments Act [NI Act]. Accordingly, present petition fails.
