Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act alleging accommodation entries not sustained in absence of any supporting, independent, tangible material. Accordingly, reopening quashed as genuineness of loan established.
Gujarat High Court stays a six-month suspension of an Insolvency Professional by IBBI, citing issues of bias and the lack of an appellate remedy.
The Gujarat High Court has issued an interim order restraining final action on GST show-cause notices against Hubergroup India. The court’s decision is based on a challenge to the notices, which were issued following a GST audit that was not completed within the statutory nine-month period as mandated by the GST Act.
The Gujarat High Court orders a temporary suspension of GST registration cancellation for Setu Joy Pvt. Ltd., enabling the company to file pending returns after clearing outstanding dues and fees.
The Gujarat High Court grants a temporary suspension of GST registration cancellation for Deep Chemicals, allowing the company to file pending returns after depositing outstanding dues and late fees.
The Gujarat High Court ruled that tax authorities cannot use Section 74 for extended recovery without proving fraud, if Section 73 time limits have passed.
The Gujarat High Court quashed a customs duty reassessment against Mohit Minerals, ruling that authorities must provide a hearing and a speaking order before finalizing assessments.
Gujarat High Court has dismissed a petition to quash an FIR against a former employee accused of siphoning funds, rejecting claims that transactions were for income tax benefits.
The Gujarat High Court upheld the deletion of a ₹39 crore addition made under Section 68 of the Income Tax Act, finding the assessee had discharged its onus of proof.
Gujarat High Court permitted the petitioner to rectify Form GSTR-1 due to inadvertently showing the turnover of sister concern in Form GSTR-1 resulting into difference in outward supplies declared in Form GSTR-1 and Form GSTR-3B.
