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Judiciary

No TDS on Payments Received by Distributors/Franchisees from Third Parties

July 10, 2024 291 Views 0 comment Print

Calcutta High Court rules in favor of Vodafone Idea Limited, stating no TDS is required on payments received by distributors/franchisees. Detailed analysis inside.

Matters Involving Tax/GST: Assessee Should Utilize Provided Appeal Provision

July 10, 2024 195 Views 0 comment Print

Allahabad HC directs N.G.K Infra Ventures to file an appeal u/s 107 of GST Act, emphasizing the utilization of appeal provisions in tax disputes.

Merchant Overtime Fee: Not for services by Central Excise officers: Gujarat HC

July 10, 2024 129 Views 0 comment Print

Gujarat High Court rules that Merchant Overtime (MOT) charges cannot be levied for services provided by Central Excise officers during office hours.

SC Ruling on Consumer Protection Act’s Applicability to Company Cars for Directors’ Personal Use

July 10, 2024 486 Views 0 comment Print

Supreme Court’s verdict on whether a company’s purchase of a car for a director’s personal use falls under ‘commercial purpose’ as per the Consumer Protection Act.

SC upholds validity of retrospective interest levies under CST Act, 1956

July 10, 2024 69 Views 0 comment Print

Discover the Supreme Courts decision on Indodan Industries Ltd. Vs State of U.P. regarding retrospective interest levies under the Central Sales Tax Act.

Disregarding Binding Precedent Constitutes Manifest Error in the Order: SC

July 9, 2024 600 Views 0 comment Print

SC that ignoring the law laid down by the Constitution Bench of this Court in Bhagat Ram and taking a view totally contrary to the same itself would amount to a material error, manifest on the face of the order. Ignoring the judgment of the Constitution Bench, in our view, would undermine its soundness.

Validity of Reopening Assessment Beyond Four-Year Limitation Period Hinges on Assessee’s Full Disclosure

July 9, 2024 615 Views 0 comment Print

Reopening of assessment beyond four-year limitation period invalid if AO fails to establish failure on the part of Assessee to fully and truly disclose all material facts necessary for assessment.

Section 263 cannot be invoked merely due to perceived inadequate inquiry

July 9, 2024 372 Views 0 comment Print

Read about the ITAT Mumbai’s ruling in AVTIL Enterprises Ltd Vs PCIT, where the invocation of section 263 was challenged for the AY 2017-18.

ITAT follows principle of consistency; Restricts addition for Bogus Purchase to 3% 

July 9, 2024 534 Views 0 comment Print

Explore the detailed ITAT Mumbai order on Trustar Diamonds appeal against ACIT for A.Y. 2012-13, addressing alleged bogus purchases in the diamond industry.

ITAT deletes addition made by CIT(A) without adequate justification 

July 9, 2024 312 Views 0 comment Print

Read the full text of the ITAT Mumbai order in the case of Krimesh Ramesh Divecha Vs DCIT for A.Y. 2015-16. Understand the assessment details and implications.

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