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The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the taxpayer is qualified for CENVAT credit on inputs and input services utilised for the production of electricity, which are transferred to its sister unit at Urse free of charge. The bench of Ajay Sharma (Judicial Member) witnessed that no allegation […]
The Income Tax Appellate Tribunal (ITAT) Delhi issued a significant ruling in the matter of Mandeep Singh Anand Vs ACIT for the authority of the Commissioner of Income Tax (Appeals) (CIT(A)) to add a new source of income without providing an enhancement notice. This blog furnishes a summary of the case and the decision of […]
An examination of the budget expectations among senior citizens highlights their concerns regarding accessible infrastructure and the high Goods and Services Tax rates applied to various services and products essential for the elderly, among other issues. A new survey conducted by the well-known foundation involving interactions with 10,000 elderly individuals nationwide, the analysis sheds light […]
With the increasing demand on the back of its cost-effective pricing alternatives as well as flexible work environment, the coworking industry has been gaining momentum. Notably, enterprises and corporations are redirecting their attention to coworking spaces, in line with the adoption of the hybrid work model to address their organizational requirements. The commercial real estate […]
Subrahmanyam Pulipaka, the CEO of the National Solar Energy Federation of India, is pushing for the establishment of a national Electricity Council, akin to the GST Council, to streamline India’s renewable energy policies. He believes that such a council would effectively address policy disparities among states, fostering a more favourable business environment in the renewable […]
In a legal development, the Income Tax Assessment Order, citing violations of Section 144B of the Income Tax Act was invalidated by the Gujarat High Court. The applicant is an individual taxpayer primarily aimed for the following reliefs: The individual seeking the writ had asserted consistent filing of income tax returns and underwent income assessments […]
The Patna High Court in a recent ruling has overturned the dismissal of the GST petition and reinstated the petition, contingent on fulfilling the mentioned conditions shown in Notification No. 53 of 2023-Central Tax. Stressing the importance of complying with the legal timeliness at the time of considering the chance furnished via the related notifications […]
In a recent ruling by the Delhi High Court, Roxy Enterprises raised concerns over the cancellation of its Goods and Services Tax (GST) registration. The court instructed the restoration of the GST registration after conducting a physical verification process, considering the petitioner’s inability to immediately update their address. Delhi High Court Order for Roxy Enterprises […]
Easy to Know Senior Citizenship in India: As per the law, a Senior Citizen in India is defined as any citizen who has reached the age of 60 years or older, a shift from the previous benchmark of 65 years. Different age criteria applied for various purposes, like railway and flight tickets, but now uniformly […]
