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Section 151A Violation: Calcutta HC Stays Income Tax Assessment Order

October 11, 2024 1995 Views 0 comment Print

Calcutta HC stays Section 148 assessment order due to jurisdictional error in Rahul Saraf vs. ACIT. Case pending further orders.

HC Directs Department to Resolve GST Revocation Application Pending Over Two Years

October 11, 2024 450 Views 0 comment Print

Calcutta HC rules that revocation applications pending over 2 years, as in Globus Logisys Pvt Ltd vs. Deputy Commissioner, must be decided promptly.

Allahabad HC Directs GST Dept to Renew License Post Dues Payment

October 11, 2024 705 Views 0 comment Print

Allahabad HC orders GST department to renew license after Sai Carriers clears pending tax and interest, ensuring compliance within 10 days of the order.

Himachal Pradesh HC Stays Section 148 Notice Due to Jurisdiction Issues

October 11, 2024 1395 Views 0 comment Print

Himachal Pradesh HC stays Section 148 notice, citing lack of jurisdiction under Section 151A of the Income Tax Act, 1961, and improper procedural compliance.

No Additional Interest Imputation on Year-End Receivables After Working Capital Adjustment

October 11, 2024 912 Views 0 comment Print

Allahabad HC directs TPO to review interest on delayed receivables from AE, affirming that working capital adjustments subsume such interest.

Indian Subsidiary Compensated at ALP Not a Dependent Agent PE: Delhi HC

October 11, 2024 789 Views 0 comment Print

Delhi HC rules Krones’ Indian subsidiary is not a Dependent Agent PE, dismissing the tax authority’s appeal.

Forex Fluctuation Loss in Trading Not a Non-Operating Loss: Delhi HC

October 11, 2024 1239 Views 0 comment Print

Delhi HC ruled that forex loss directly linked to trading items cannot be treated as non-operating loss, dismissing the appeal in Samsung India case.

Allahabad HC: Poker & Rummy Are Skill Games, Not Gambling

October 11, 2024 786 Views 0 comment Print

Allahabad High Court rules Poker and Rummy as skill-based games, not gambling. Orders authorities to reconsider denial of gaming unit license and review the law before making decisions.

Delhi HC Directs Petitioner to Approach DRT; No Writ Against NBFC

October 11, 2024 780 Views 0 comment Print

Delhi HC dismisses writ petition against NBFC under SARFAESI Act. Petitioner advised to approach DRT for resolution. Fraud allegations under investigation.

Madras HC Condones 5-Day Delay in Appeal Due to GST Portal Order Unawareness

October 11, 2024 414 Views 0 comment Print

Madras HC condoned SKV Industries 5-day delay in filing an appeal against a GST assessment order and directed the Appellate Authority to review the case on merits.

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