ITAT Delhi held that penalty u/s 271(1)(c) of the Income Tax Act unsustainable as allowability of deprecation on non-compete fee is highly contentious as different views are taken by various High Courts and matter is pending before Supreme Court.
Madras High Court held that the entire stamp duty amount as demanded by the authorities has been paid even during the pendency of the appeal, hence demand of interest for belated payment unjustified.
Explore the GST AAR Karnataka’s ruling on Roppen Transportation Services, covering e-commerce operator status, GST liability on services, and ride monitoring fees.
Review GST exemptions for Raibag Taluk MSPC: ruling on educational services, catering, and product classification under GST notifications.
Learn about the GST rate and classification for selling space in print media as per the AAR Maharashtra ruling in the Lokmat Media Pvt Ltd case.
Bombay HC in appeals by M/s. Tolani Ltd. clarifies that investment allowance under Section 32A can include additional costs attributable to exchange rate fluctuations post-acquisition.
Read the Madras High Court’s ruling on Lekshmi Marketing vs State Tax Officer, emphasizing decision-making processes over decision correctness. Learn about the case and the court’s directive to file an appeal before the GST Commissioner.
ITAT held that agreement to sell coupled with possession constituted a valid transfer for the purposes of claiming deduction under Section 54.
Madras High Court allows Solai Venkateshwara Stores to appeal GST assessment orders with 25% pre-deposit following a stock transfer dispute from a demolished godown.
Read the detailed analysis of Angalesh Marketing vs. Superintendent of GST & Central Excise case where Madras HC overturns an order due to non-response to show cause notice.
