Prasad Film Laboratories Pvt. Ltd. Vs ACIT (Telangana High Court) Payments in Normal Business Course Not Deemed Dividend under Section 2(22)(e): Relief for M/s. Prasad Film Laboratories Pvt. Ltd., Telangana High Court Clears Misapplication of Deemed Dividend Provisions in Inter-Company Business Transactions Background: M/s. Prasad Film Laboratories Pvt. Ltd., a closely held company, filed appeals against […]
Telangana High Court held that proceedings initiated under Section 148A/148 of the Income Tax Act in violation of the provisions of Section 151A of the Act read with Notification 18/2022 dated 29.03.2022 is bad-in-law and hence liable to be quashed.
Telangana High Court held that granting registration under section 12A retrospectively is not permissible as cogent reasons not provided for belated filing of application for registration under section 12A. Accordingly, appeal dismissed.
Telangana High Court dismisses a bookie’s appeal, affirming a Rs. 1 lakh penalty for failing to audit accounts despite a high turnover, rejecting contradictory claims.
Assessee – real estate developer was engaged in the business of construction of residential units / bungalows which were duplexes surrounded by a compound wall. Each residential unit consisted of a portico and an open terrace.
Telangana High Court held that law of limitation [Limitation Act, 1963] applies even for claims under the Interest on Delayed Payment to the Small Scale and Ancillary Industrial Undertakings Act, 1993. Accordingly, instant appeal stands partly allowed.
Telangana High Court sets aside GST registration suspension for Rayees Metal, ruling the cryptic show cause notice violated natural justice and livelihood rights.
High Court sets aside GST registration cancellation order, citing absence of reasons and procedural lapses, directs fresh consideration.
Telangana High Court sets aside tax show-cause notice and registration suspension for King Enterprise, ruling the cryptic notice violated natural justice.
Court sets aside GST registration cancellation due to a cryptic show-cause notice lacking essential factual details, citing violation of natural justice.
