The Madras High Court Rules Against Reopening Assessment Based on TDS Discrepancy, Affirms Anesthesiologist's Professional Status and Correct Tax Filing Practices for AY 2018-19, ITR-3 Filed Incorrectly Due to TDS Discrepancy u/s 194J and 192 - Dated - 25-06-2024
The AP-High Court Quashes Proceedings Against Educational Institution for Delayed TDS Payment Due to Fee Reimbursement Delays: Proceedings for an offence u/s 276-B - non-payment/belated remittance of the TDS - Failure to pay tax to the credit of Central Government - interpretation given to term “reasonable cause. Dated - 21-06-2024
The ITAT Rules Against Rs. 60 Lakh Addition Based on WhatsApp Data: Lack of E-certificate and Corroborative Evidence Invalidates Revenue's Claim - Addition Based on Electronic Data Obtained During a Search Operation Under Section 132 Raises Questions on Admissibility and Reliability. Dated - 11-06-2024
The Delhi Tribunal Upholds CIT(A) Decision: Dismisses Revenue's Appeal on Preference Share Valuation u/s 56(2)(viib), Referencing Rules 11UA(1)(c)(c) and 11UA(1)(c)(b). Dated - 10-06-2024
The ITAT Pune Dismissed Appeal for Non-Payment of Advance Tax u/s 249(4)(b): Assessee Responded to Notice u/s 142(1) Despite Belated Income Tax Return Filing - Dated 05-06-2024.
The Supreme Court Dismisses Special Leave Petition Due to 224-Day Delay in Filing; Cites Insufficient Reasons for Condonation in Case of Alleged Bogus Loss in Penny Stock Transactions, Deemed Pre-Arranged as well as Sham & carrie. Dated - 13-05-2024
The ITAT Jaipur Grants Relief: TDS Credit Denial Overturned for Commission Agent in Landmark Ruling. Dated - 30-04-2024
The ITAT Delhi: Validity Challenge - Assessment Under Section 143(3) by Non-Jurisdictional ITO Raises Query on AO Jurisdiction Based on Income Threshold; Transfer to DCIT Due to Exceeded Return Income of 30,00,000/- for AY 2015-16 - Appeal Allowed - Assessment Quashed Over Jurisdictional Issue. Dated - 29-04-2024
The ITAT Jaipur: Addition of Rs. 22,37,511, u/s 69A - Amount received in cash from persons for online fund transfer through novapay online portal and deposited in Bank- Fund Transfers Deleted. Dated - 22-04-2024
The ITAT, Delhi: Addition of unsecured loans / bogus advances against sales - unexplained cash credit u/s 68 of The IT Act, 1961. Dated - 19-04-2024
The Kerala High Court Issues Stay on Lower GST Rate for 'Classic Malabar Parota' and 'Whole Wheat Malabar Parota', Maintains 18% Tax Pending Review. Dated - 18-06-2024
The Kerala High Court: Streamlining Input Tax Credit (ITC) Procedures: Amendments and Circulars Address Bona Fide Claims in GST Regime. Dated - 04-06-2024
The High Court Of Uttarakhand: Purchasing Dealer cannot be denied ITC benefit for non-payment of Tax by the Supplier. Proceedings u/s 74 cannot be initiated against the purchaser for availing the benefit of ITC in a fraudulent manner as the Fraud is committed by the Seller not the Purchaser. Dated - 03-05-2024
The Patna High Court: GST Interest Calculation - Conflicting Rulings and Ongoing Disputes Persist - Challenges in the Levy of Interest Liability on Delayed Tax Payments Despite Ledger Source. Dated - 19-04-2024
The Madras High Court Sets Aside Order Overlooking Petitioner's Response, Remands for Reconsideration. Dated - 17-04-2024
"The Kerala High Court Ruling In Favour of Taxpayers: Clarifies Applicability of Late Fees for GSTR-9 and GSTR-9C, Potentially Reducing Penalties for Many Taxpayers by Considering Actual Return Filing Date Over GSTR-9C Submission Date" Dated - 09-04-2024
The Gujrat High Court: The retrospective effect of amendments to Rule 108 of the CGST Rules, 2017, specifically concerning the rejection of appeals by the appellate authority due to the delay in submitting a certified copy of decisions or orders within the stipulated period under Rule 108.- Dated - 27-03-2024
The Madras High Court: Hostel Services for Women Exempt from GST as 'Residential Dwelling Units' Dated - 22-03-2024
The Madras High Court Quashes GST Assessment Order, where the entire tax demand pertains to the disparity between the ITC claimed in the GSTR-3B return and that reflected in the auto-populated GSTR-2A returns. Dated - 11-03-204
"The Delhi High Court Invalidates Retrospective Cancellation of GST Registration: Lack of Details in Notice and Order, Absence of Justification, Restoration Granted; Compliance Obligations Imposed; Recovery Measures Allowed" Dated - 07-03-2024