Gujarat High Court upholds CA certificates for unutilized ITC refunds on netted foreign exchange, easing compliance for businesses with RBI-approved clearing mechanisms. This ruling clarifies proof requirements for forex export services.
Gujarat High Court quashes Income Tax Act Section 148 notices for AY 2015-16, citing Supreme Court precedents on time-barred reassessment.
Gujarat High Court dismisses revenue appeal, affirming that delayed Form 10B filing is procedural for charitable trusts, distinguishing from Wipro Ltd. precedent.
Gujarat HC rules penalty on expired e-way bill for zero-rated export is invalid as no tax is payable, quashing the 200% penalty order under Section 129.
Gujarat High Court held that order of acquittal passed by Trial Court justified as accused has created a reasonable doubt of financial capacity of applicant to give hand loan and applicant has failed to prove his financial capacity.
The applicant sent the statutory demand notice to the accused on 23.05.2009 which was duly served but no payment was made. The applicant filed the criminal complaint before the Court of the Judicial Magistrate u/s. 138 of the NI Act, 1881.
The Tribunal therefore, has rightly affirmed the conclusion arrived at by CIT(Appeals) in deleting the tax demand relatable to difference between 20% and the actual tax rate on which tax was deducted by the respondent assessee in terms of the relevant DTAAS.
Gujarat High Court rules on condoning delay in tax return filing for a non-resident Indian, emphasizing “genuine hardship” and procedural fairness over technicalities.
Gujarat High Court sets aside Section 148 notice against AIM Fincon Pvt. Ltd., ruling it a mere change of opinion on already disclosed facts.
Gujarat High Court upholds ITAT’s deletion of ₹70 lakh unexplained cash credit, ruling against double taxation of export sales. Clarification on Section 80HHC given.
