Gujarat High Court held that reassessment order passed under section 148 of the Income Tax Act is liable to be quashed and set aside due to non-consideration of the reply in the assessment order. Accordingly, order set aside and matter remanded back to AO.
Rational connection postulates that there must be a direct nexus or live link between the material coming to the notice of the Income Tax Officer and his view that there has been escapement of income of the assessee from assessment in the particular year.
Gujarat High Court clarifies ITC reversal rules: Fresh demands invalid if already reversed, even late. Focus on interest/penalties, not double payment.
ujarat High Court directs Designated Authority to exclude specialty SPVC resins imported by Epigral Ltd. from anti-dumping probe due to procedural lapses.
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act is liable to be quashed in as much as source of funds for purchasing crypto currency duly explained. Accordingly, order quashed.
Supreme Court upholds Gujarat High Court ruling, allowing GST appeal pre-deposits via Electronic Credit Ledger, providing relief for taxpayers.
Gujarat High Court quashed an advance ruling, reclassifying fusible interlining fabric of cotton under Chapters 50-55, 58, or 60 instead of Chapter 59.
Gujarat High Court sets aside RBI order returning FFR Software’s FEMA compounding application, directs fresh decision per Rule 8(2) of Compounding Rules.
Gujarat High Court rules belated filing of Form 10B before processing is sufficient, overturning ITAT, allows Section 11 exemption for trust.
Gujarat High Court sets aside ex parte Service Tax order against Kachhadiya Vijaybhai Kalubhai, citing procedural infirmity in hearing notice and breach of natural justice.
