It is trite that under guise of power vested in Revenue to reassess an income which had escaped assessment upon production of fresh tangible material, it cannot be allowed to exercise power of review.
Explore the Delhi High Court’s judgment on ITSC’s conclusive nature for AY, assessing reassessment under Section 148 of the Income Tax Act, 1961. Full text and detailed analysis included.
For income to be taxable under FTS, there must be a direct enablement or transfer of skills or knowledge, which mere advisory or consultancy services might not fulfill unless such services are directly connected with a PE.
Delhi HC: No penalty for New Holland Tractors if assessee’s contention was plausible and bona fide, provided full disclosure of facts. Legal interpretations may vary.
Delhi High Court restricts retrospective cancellation of GST registration from date of Show Cause Notice issuance. Analysis of Shree Bankey Bihari Trading Company case.
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.
Learn about the Delhi High Court’s ruling in Svera Agro Ltd. v. Commissioner of Central Tax, stating CA certificates are not needed for GST refund of unutilized Input Tax Credit (ITC).
Learn about Delhi High Courts decision in Shree Padma Industries v. Union of India, granting the Assessee an opportunity of personal hearing in GST dispute matters.
The Delhi High Court limits retrospective GST registration cancellation, affecting ITC denial. Read the detailed analysis of Prime Industries vs. Principal Commissioner case.
Read about Delhi High Court’s ruling in Seema Gupta vs. Principal Commissioner of GST, directing bank to allow operation of bank account after expiry of provisional attachment under CGST Act.
