ITAT Ahmedabad held that payment of guarantee fee to the Govt. of Gujarat in consideration of guarantee issued by it for repayment of unsecured loan is revenue expenditure.
Delhi High Court held that delay of 498 days in filing of an appeal under section 260A of the Income Tax Act by the department officers cannot be condoned without sufficient cause being shown.
ITAT Bangalore held that transfer of land specified as agricultural land in revenue records and which is used for agricultural operations, cannot be considered as transfer of capital asset. Hence not taxable under Capital Gains.
Karnataka High Court held that even if the tax paid is found to be less than that payable, no further demand can be made for recovery of the balance amount when a fresh assessment is barred.
Explore implications of government subsidies on GST liability based on the GST AAR Karnataka ruling in case of Hitze Boilers Private Limited
Explore GST AAR Karnataka’s ruling on Juspay Technologies Pvt. Ltd. Understand e-commerce operator status, nature of supply, and tax liability.
Understand GST classification of film distribution rights for exhibition in theatres. Explore SAC 999614 and its implications in GST AAR Karnataka case.
Dive into the GST implications of utility charges in the Loyal Hospitality Pvt. Ltd. case. Learn how it affects restaurant partners and taxation under CGST/KGST Acts.
Read the Patna High Court judgment on Ajay Kumar’s VAT appeal against BGST Act, citing delay and alternate remedies
Supreme Court of India clarifies the eligibility of cooperative societies for Section 80P deductions under the Income Tax Act, based on their banking activities.
