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.
ITAT reaffirmed that goodwill is a depreciable intangible asset and clarified that amendments under Finance Act operate prospectively, not retrospectively.
The Delhi High Court has decided to hear a writ petition filed by Hybon Technologies, which challenges the tax authorities’ jurisdiction to scrutinize Input Tax Credit (ITC) claims while processing a refund application. The court overruled the preliminary objection of the department and will consider the core legal issue.
AO was bound to follow the CBDT circular 19/2019 (F. NO.225/95/2019-ITA.II], DATED 14-82019 and the omission/dereliction was anathema to the basic feature of our Constitution “Rule of Law”, so his impugned action of passing the assessment order without quoting the DIN was held to be arbitrary exercise of power and therefore, invalid.
In a landmark ruling, the Delhi High Court directs the GST department to refund ₹37.56 lakh to G.S. Industries. The court held that the department cannot withhold a refund based on its intent to appeal a favorable appellate order.
Siddhartha Pattina Sahakari Sangha Niyamita Vs ITO (ITAT Bangalore) ITAT Bangalore held that the assessee is entitled to deduction under Section 80P(2)(a)(i) of the Income Tax Act on the interest income earned from deposits made in compliance with statutory requirements. Accordingly, appeal of the assessee allowed. Facts- The assessee is a cooperative society registered under […]
ITAT Delhi held that assessment order u/s. 144 of the Income Tax Act is in violation of mandatory provisions of section 153D since mechanical approval is granted without application of mind. Accordingly, order is set aside.
The Karnataka High Court has set aside a prosecution order against Natural Remedies Private Limited. The court found that the Commissioner of Labour failed to provide sufficient reasoning or evidence to prove a direct link between the company’s outsourcing activities and an alleged breach of a settlement with a trade union.
The Income Tax Appellate Tribunal (ITAT) Mumbai has remanded an appeal by Sumatinath Builders back to the Commissioner of Income Tax (Appeals) after finding the initial ex-parte order was issued without proper notice to the assessee.
