CBIC Extends Due Date of Furnishing GSTR-1 for March 2024 to 12th April Due to Technical Issues on GST Portal vide Notification No. 09/2024 – Central Tax Dated: 12th April, 2024 T… Read More

Get clarity on fulfilling export obligations of Advance Authorisation (AA) by physical exports or domestic supplies. Read the policy circular for detailed guidelines. The post AA Export Obli… Read More

Discover why NGOs should register under Section 80G of the Income Tax Act for tax benefits. Learn about eligibility, process, documents required, and consequences of non-compliance. The post… Read More

Explore the journey and features of India's GST, from inception to its impact on businesses and the economy. Understand its dual structure, compliance requirements, and sector-specific exemp… Read More

Delhi High Court held that a reopening or abatement would be triggered only upon the discovery of material which is likely to “have a bearing on the determination of the total income&r&hell…Read More

Allahabad High Court held that penalty under Section 54(1)(2) of the U.P. VAT Act, 2008 cannot be imposed in cases, wherein, the assessment is made on the basis of Best Judgement Assessment… Read More

Madras High Court rules that political rallies cant be refused citing traffic issues. Analysis of the landmark judgment on rally permissions. The post Traffic Hindrance Not Grounds to Refuse… Read More

AGFTC & ITBA highlight issues with GST portal downtime on 10th and 11th April 2024, urging prompt action from authorities. The post Representation on deficiency in GST Portal functioning… Read More

Get the latest update: GSTN recommends extending GSTR-1 filing deadline to 12/4/24 due to technical issues. Read more for details. The post GST recommends Extension of GSTR-1 due date to 12t… Read More

ITAT Mumbai's decision on Kanti Thermo Equip Pvt Ltd Vs ACIT. Disallowance of expenses against rental income, share of profit, and interest income upheld. The post ITAT upholds disallowance… Read More

Detailed analysis of Nakoda Unique Gold Private Limited vs. Assistant Commissioner (ST) case where Madras HC sets aside order over GSTR 3B & 2A discrepancies. The post Madras HC Sets Asi… Read More

Malaysia Metals vs Assistant Commissioner: HC grants petitioner opportunity upon payment of 10% of disputed tax demand for unreceived GST ASMT 10/DRC-01. The post Unreceived GST ASMT 10/DRC… Read More

Madras High Court overturns tax demand of Rs. 1.4 Cr due to GSTR-1 reporting error, grants opportunity for contestation. Full judgment details here. The post GSTR-1 Turnover Reporting Error… Read More

In PCIT vs Inderjit Singh Sodhi (HUF), Delhi High Court examines whether interest on compensation is taxable as income from other sources. Read the detailed analysis. The post Interest on co… Read More

Merely, because a taxpayer has not filed GST returns for some period does not mean that taxpayer’s registration is required to be cancelled with retrospective date also covering the pe… Read More

Mumbai ITAT orders stamp duty valuation on allotment letter date for Section 56(2)(x) of Income Tax Act, setting aside CIT(A) order against Assessee. The post Stamp duty valuation on Allotme… Read More

Delhi High Court overturns retrospective GST registration cancellation due to lack of details in notice and order, orders modification from date of notice. The post HC set-aside GST Registra… Read More

Impugned GST order dismissed petitioner's reply as unsatisfactory and lacking substantial documents. court highlighted absence of any request for further details from petitioner, indicating… Read More

Detailed analysis of P.Jeyaraman Vs Assistant Commissioner (CT) case where Madras HC orders disposal of application for Revocation of GST registration cancellation   The post Alleg… Read More

Get expert support on auditing aspects for statutory audits. ICAIs Auditing and Assurance Standards Board (AASB) forms an expert panel to enhance audit quality. Submit queries now The post E… Read More

Delhi High Court rules that an ex-parte order cannot stand if the taxpayer's GSTN is cancelled, hindering response. Detailed analysis and implications discussed. The post Ex-parte Order Inva… Read More

Since the appellant hadn't filed the appeal through the Interim Resolution Professional as required under the resolution process, the ITAT deemed the appeal not maintainable and dismissed it… Read More

SEBI introduces Small and Medium Real Estate Investment Trusts (SM REITs) to regulate fractional ownership platforms, offering transparency and structure to the real estate market. The post… Read More

Learn the intricacies of Non-Banking Financial Company (NBFC) management transfers, including compliance requirements and the approval process outlined by the Reserve Bank of India (RBI). Th… Read More

In re L S Metal Vina LLC (CAAR New Delhi) - CAAR cannot give ruling where there is an ongoing investigation or assessment has been made on provisional basis The post Ongoing Investigations … Read More

CAAR Mumbai held that Raw Silicon Carbide Bricks for DPI application merit classification under Custom Tariff Heading 6902, more specifically under CTH 6902 2040 of First Schedule of Customs… Read More

Read the full text of the judgment/order by Allahabad High Court regarding the unauthorized search and seizure in the case of Gaurav Saurav Traders. The post GST Search Authorization by Join… Read More

Mahaveer NX challenges a customs order citing address discrepancy & lack of hearing. Madras HC sets it aside, directing issuance of SCN for correction. The post HC Quashes Order as SCN w… Read More

Analysis of M. Kandasamy Vs Deputy State Tax Officer-2 case reveals how inadequate hearing led to unsustainability of order under CGST Act 2017. The post Inadequate Hearing Violates Section… Read More

Explore the case of Akshya Kumar Sahu v. Commissioner, CGST & Central Excise, where the Orrisa High Court directs the opening of the GST portal for filing returns. Learn about the condit… Read More

Learn how the Appellate Authority can extend the period for filing an appeal, as established by the Honble Calcutta High Court. Understand the legal implications and principles of natural ju… Read More

Understand foreign exchange audit: realized and unrealized gains/losses, accounting treatment, examples, and modern technology's role in accurate accounting The post Audit of Foreign Exchang… Read More

Dive into the analysis of the Great Eastern Shipping Co. Ltd. Vs ACIT case regarding the taxation of foreign exchange gain written back on cancellation of vessel construction contracts under… Read More

Court observed that the petitioner had provided a detailed reply addressing each head of the Show Cause Notice. However, the impugned order merely stated that the reply was not satisfactory… Read More

CESTAT Ahmedabad ruled that freight/insurance charges aren't part of assessable value for excise duty. Detailed analysis & conclusions provided. The post Freight & Insurance Excluded… Read More

Bombay High Court ruling: Assessing Officer (AO) must record dissatisfaction with Assessee's claim regarding expenditure. Detailed analysis of PCIT-2 Vs Tata Capital Ltd case. The post Secti… Read More

Delhi High Court rules AO can't deviate from Transfer Pricing Officer's determined Arm's Length Price (ALP) in international transactions, upholding assessee's writ petition. The post AO Mus… Read More

New amendment mandates private companies to convert physical shares to demat form within 18 months. Consequences of non-compliance outlined. Learn more. The post Mandatory Requirement of Con… Read More

In S.S. Suppliers vs. State of U.P., Allahabad HC rules show cause notice sans personal hearing details violates Sec 75(4), leading to order annulment. Learn more. The post Order invalid if… Read More

Delhi High Court modifies retrospectively canceled GST registration in Anil Soni Prop vs Superintendent case. Analysis of court judgment and implications of retrospective cancellation. The p… Read More

In a case of Gauri Construction vs. ACIT, ITAT Mumbai sets aside CIT(A) order, allowing deductions for routine establishment expenses and loan interest for general business purposes. The pos… Read More

Delhi High Court directs detailed response to GST Show Cause Notice regarding disputed principal place of business, suspends registration. The post GST registration cancellation for alleged… Read More

Explore the implications of violating Section 179(3)(f) of the Companies Act 2013 as MCA imposes a penalty of Rs. 1.75 lakh on M/s. Martin Realty Private Limited. The post Section 179(3)(f)… Read More

MCA imposes Rs. 2.25 Lakh Penalty on M/s. Martin Windfarms Pvt. Ltd. & Directors for erroneous disclosure under Section 134 of Companies Act, 2013. The post Incorrect Related Party Trans… Read More

Discover the penalty imposed by MCA on Martin Multi Projects Pvt. Ltd. for violating Section 134(3)(h) of the Companies Act 2013. Detailed order and implications. The post Section 134(3)(h)… Read More

Learn about M/s. Daison Land and Development Pvt. Ltd.'s penalty under Section 454 for breaching Section 134(3)(h) of the Companies Act, 2013. Analysis and implications included. The post MC… Read More

MCA imposes Rs. 2 Lakh penalty on M/s. D P F Textiles Pvt Ltd for inaccurate disclosure of Related Party transaction value under Section 134 of Companies Act, 2013. The post MCA Fines Rs. 2… Read More

Read about the Madras High Court's decision to quash a GST assessment order due to confirmed tax liability exceeding the amount in the show cause notice by Rs. 69 lakh. The post Madras HC Qu… Read More

Explore the implications of extending Notification No. 04/2024-CTs implementation timeline to 15th May, 2024. Analysis, insights, and more. The post CBIC Extends Implementation Timeline for… Read More

Explore the authorization of Revisional Authorities under Section 108 of KGST Act 2017. Learn about designated officers, procedures, and implications. The post Authorising Revisional Authori… Read More

In Tvl. M.S. Enterprises Vs State Tax Officer, Madras High Court highlights failure to grant personal hearing despite request, leading to order being quashed and remanded. The post Failure t… Read More

The Commissioner, Commercial Tax U.P. Vs Godfrey Philips India Limited (Allahabad High Court) In a recent landmark decision, the Allahabad High Court reinforced the fundamental principles go… Read More

Read the full text of Madras High Court's judgment on condoning the delay in income tax return filing by Kalvadangam Primary Agricultural Co-operative Credit Society Limited. The post Madras… Read More

जीएसटी की स्थापना को 7 साल हो चुके… Read More

Read full text of judgment/order by Madras High Court setting aside GST DRC-07 Order against Hitachi Systems due to lack of document response opportunity. The post HC Sets Aside GST Order, G… Read More

Understand the Jharkhand High Court's stance on reviewing judgments based on subsequently overturned laws. Analysis of Adarsh Sahkari Grih Nirman Swawlambi Samiti Limited Vs CIT. The post Re… Read More

Allahabad High Court's ruling in Commissioner vs Soma Enterprises Ltd stating that Input Tax Credit (ITC) claims cannot be granted solely on the basis of invoices and payment details The po… Read More

Explore the Delhi High Court's directive for re-adjudication in Canara Bank's case against a cryptic order regarding GST demands. Get insights now! The post Proper Officer Fails to Seek spec… Read More

Madras High Court grants opportunity to contest GST demand despite failure to reply to SCN on 10% pre-deposit condition for discrepancy in ITC claimed. The post Madras HC Grants Opportunity… Read More

Delhi High Court restores GST registration due to failure to mention reason for cancellation in Show Cause Notice, directing revocation. The post Delhi HC Restores GST Registration: Failure… Read More

Madras High Court sets aside GST demand orders, granting petitioner another chance to contest tax demand on merits. Full tax liability cleared for 2019-20, 50% for 2021-22. The post Madras H… Read More

Madras High Court orders State Tax Officer to provide clear reasons for denying Rs. 14L GST transitional credit/ITC to Alpha City Chennai IT Park Projects Pvt Ltd. The post Madras HC orders… Read More

Read the full judgment of Madras High Court's decision to quash a GST order against APL Apollo Tubes Limited due to lack of specific reasons for denying Input Tax Credit. The post Madras HC… Read More

Understand the tax filing process in India and analyze the tax regime for FY 2023-24. Explore old and new tax rates, deductions, and implications for taxpayers. The post For Tax Filing &ndas&hell…Read More

Discover how to effortlessly populate HSN-wise summaries from e-Invoices into GSTR-1 Table 12. Ensure accuracy and streamline reporting with this new feature. The post Auto-populate HSN-wise… Read More

Stay informed about the latest Reserve Bank of India update: Sonali Bank Limited changed to Sonali Bank PLC. Read more for details on this alteration. The post Alteration in name of “S… Read More

Learn about Himadri Speciality Chemical Ltd. Vs Pr. Commissioner of Customs Visakhapatnam (CESTAT Hyderabad) and the implications of invoking extended limitation for IGST demand. The post Ex… Read More

Delve into case of Tejal Construction vs. C.C.E. & S.T.-Surat-I as CESTAT Ahmedabad emphasizes necessity of accurate service classification for service tax demands. The post Correct clas… Read More

Bombay High Court quashes income tax reassessment against a housewife. Case involves property purchase by her husband. Details and analysis here. The post Bombay HC Quashes Reassessment Orde… Read More

Explore the complexities of sexual offences against transgender individuals in India, the legal landscape, and the need for gender-neutral laws and protections. The post Sexual Offences Agai… Read More

Explore the Madras High Court's ruling allowing Tvl. AP Foundries Pvt Ltd to contest a disputed tax demand by paying 10%. Get insights now! The post HC Grants Opportunity to claim Transition… Read More

Learn about the characteristics and qualities of a perfect trademark, including uniqueness, ease of pronunciation, memorability, and compliance with trademark regulations. The post Character… Read More

Discover the step-by-step procedure for converting a Section 8 Company into a Private Limited Company as per Rules 21, 22, and 23 of the Companies (Incorporation) Rules, 2014. The post Proce… Read More

Learn about the disqualifications, appointment mandates, and remuneration regulations for Managing Directors, Whole-Time Directors, and Managers as per the Companies Act, 2013. The post MD/… Read More

Chhattisgarh High Court directs GST Council to reconsider excluding small scale ice cream manufacturers from Section 10(1) of the GST Act. The judgment emphasizes the reasonable classificati… Read More

Understand the implications of Allahabad HC's ruling on the right to object show cause notices on GST portal. Learn how non-uploading affects rights and legal proceedings. The post Right to… Read More

Explore the implications of the AAR, Uttar Pradesh ruling on GST rates for solar-powered submersible pumps. Learn how the decision affects taxation and invoicing practices. The post GST levi… Read More

Understand TDS on rent with this guide. Learn about Section 194IB & 195 of the Income Tax Act, their differences, rates, and compliance requirements. The post Differentiating TDS on Rent… Read More

Delhi High Court rejects Arvind Kejriwal's plea challenging ED's arrest and remand in excise policy case. Get the full scoop on the judgment here. The post Delhi HC Rejects Arvind Kejriwal P… Read More

In the case of GG Organics Care Pvt. Ltd. Vs State Tax Officer, Madras High Court sets aside an order dated 22.12.2023, directing reconsideration due to issues regarding the duration of GST… Read More

ITAT Delhi states transactions in regular books cannot be deemed incriminating material, dismissing revenue's appeal against CIT(A) order. The post Transactions in Regular Books Not Incrimin… Read More

In a landmark decision, Madras High Court overturns a GST order against Larsen & Toubro, citing discrepancies between GSTR-2A and GSTR-3B returns. Full analysis here. The post Duty scrip… Read More

ITAT Ahmedabad remands case of Ramakushna Kiritbhai Tripathi Vs ITO due to accountant's departure and lack of proper representation, emphasizing procedural fairness. The post Assessee’… Read More

Delhi High Court directs disposal of a GST registration revocation application in case of MD Mustafa Raza Vs Superintendent emphasizing procedural fairness. The post Delhi HC Directs Disposa… Read More

Read the full text of the judgment/order by the Kerala High Court in the case of Mini Muthoottu Credit India Vs CIT. Learn about the court's ruling on the deductibility of interest on loans… Read More

In the Neena Uppal Vs Union of India case, Bombay High Court rules against Customs Department's refusal to clear goods, citing lack of conformity to CAAR opinion. The post Neena Uppal Vs UoI… Read More

Get insights into the penalty imposed by the Registrar of Companies, Coimbatore, on M/s. Arise Industries and Agency Private Limited for violation of Section 134 of the Companies Act, 2013… Read More

Read the official notification by the General Administration Department declaring public holidays for the 2024 General Election in Maharashtra. The post Maharashtra Government Declares Publi… Read More

Explore the legal intricacies of Carmel Convent vs. Income-tax Officer (Exemption) case decided by ITAT Cochin Bench, analyzing its implications for charitable trust exemptions. The post Ana… Read More

Learn about the due dates for TDS and TCS payments, returns, and consequences for late filing, deduction, and payment under the Income Tax Act. The post TDS & TCS Payments & Returns… Read More

Read the full text of the ITAT Kolkata's order in the case of Maa Biddeswari Agro Products Pvt. Ltd. vs ITO. Learn how the ITAT ruled to delete the addition of share premium due to the AO's… Read More

ITAT Indore held that the peak credit theory should be adopted for determining income of assessee. Under this theory, only peak balance in bank account should be considered for taxation The… Read More

Discover how the Income Tax Department's initiative to open filing on day one of the financial year streamlines processes, boosts compliance, and improves taxpayer services. The post Income… Read More

Different instruments for acquiring or transferring Immovable Property includes Sale Deed, Gift Deed, Relinquishment/ Release Deed, Partition Deed and Inheritance Deed/Will, The post Legal… Read More

Sri Jeyamkonda Choleeswara Soundaranayaki Amman Kumbhabisheka Malar Kyushu vs ITO (ITAT Chennai) case: Trust's error in applying for registration under the Income Tax Act leads to ITAT's dir… Read More

Explore recent guidelines by DGGI on GST investigations and summons, aimed at improving taxpayer experience and preventing harassment during tax proceedings. The post Recent DIGGI Guidelines… Read More

Explore a case where the Regional Director emphasizes the Company Secretary's role in ensuring compliance with the Companies Act, 2013, leading to penalties and appeals. The post Does Onus F… Read More

Allahabad High Court held that provisions of section 50(2) of PMLA Act empowers Directorate of Enforcement to summon any person whose attendance he considers necessary whether to give eviden… Read More

Madras High Court held that reopening of assessment under section 148 of the Income Tax Act based on a grossly erroneous factual foundation and also based on mechanically granted approval is… Read More

Bombay High Court ruling states no writ jurisdiction on claims of GST department coercion for tax deposits, citing lack of evidence and voluntary action. Full judgment analysis. The post No… Read More