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Judiciary

Calcutta HC directs SGST Authority to Await CGST Adjudication

January 24, 2024 762 Views 0 comment Print

Explore case of Mr. Mahabir Prasad Kedia vs Assistant Commissioner of State Tax. Calcutta HC directs SGST Authority to await CGST adjudication

Retrospective application of Section 12AB(4): Oxfam India registration cancellation Order Stayed

January 24, 2024 540 Views 0 comment Print

Explore how Delhi HC stays the Income Tax Department’s order canceling Oxfam India’s tax exemption. Analysis of the judgment and its implications.

Limitation not prescribed for compounding of offences committed u/s. 279(2)

January 24, 2024 1488 Views 0 comment Print

Madras High Court held that there is no limitation prescribed for compounding of the offences committed by an assessee u/s. 279(2). Thus, there cannot be any restriction/limitation for filing application for compounding of offence contrary to Section 279(2) of the IT Act, 1961.

Section 40A(2)(a) applies to payments to directors with substantial interest in company

January 24, 2024 1584 Views 0 comment Print

ITAT Mumbai held that provisions of section 40A(2)(a) of the Income Tax Act are applicable in cases, wherein, the director of subsidiary company, to whom payment has been made, has substantial interest in the assessee.

Extended period of limitation cannot be invoked if no suppression or mis-declaration

January 24, 2024 1953 Views 0 comment Print

CESTAT Ahmedabad dismisses plea for extended limitation in Karnavati Car Air Conditioners case. Detailed analysis of value determination for CVD in Bill of Entries.

No penalty on addition owing to variation in perception of valuer and that of AO

January 24, 2024 1983 Views 0 comment Print

ITAT Delhi cancels penalty under section 271(1)(c) in Identity Wellness Centre case. Displacement of fair market value supported by valuation report by AO.

ITAT Dismisses Appeal for Non-Appearance & Documentation Failure in Section 54 Exemption Claim

January 24, 2024 546 Views 0 comment Print

ITAT Mumbai dismisses appeal in Shalini Karan Kumar case. Non-appearance and failure to submit documentation for exemption claim under section 54 of Income Tax Act.

GST demand Order Invalid if SCN Reply Ignored: Madras HC

January 24, 2024 12972 Views 0 comment Print

Madras High Court rules that GST order lacks validity if AO ignores petitioner’s reply to show cause notice. MakeMyTrip case highlights importance of due process.

GST AAR: Classification of Printed Educational Materials – West Bengal Ruling

January 23, 2024 1296 Views 0 comment Print

Explore GST AAR West Bengal ruling on the classification of printed educational materials, including textbooks, calendars, and progress cards. Understand implications and exemptions.

ITC admissible on Sale & Buyback Transactions via Book Adjustments: GST AAR West Bengal

January 23, 2024 1488 Views 0 comment Print

Explore implications of GST AAR West Bengal ruling on input tax credit admissibility for goods purchased in sale and buyback transactions settled through book adjustments.

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