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The Bombay High Court carried that as the revocation orders for the registration cancellation on the application of the applicant were passed opposite to the norms of natural justice, after that all the forthcoming proceedings have been initiated, which are consequential, would get quashed. The Division Bench of Justice M. S. Sonak and Justice Jitendra […]
An order was set aside by the Kerala High Court in reassessment proceedings that were furnished without furnishing the taxpayer a chance to answer to the show cause notice. The Bench of Justice Gopinath P. marked that “the show cause notice was issued on 12-03-2024, giving only three days’ time to the assessee to respond, […]
The Madras High Court in the case of ignorance of the Goods and services tax (GST) recovery notices along with the hearing notices ordered the pre-deposit of 25% from the Electronic Cash Ledger (ECL) for fresh consideration. The applicant, Sornam Medicals asked for relief from the order on 31.12.2023 furnished via the second respondent, following […]
The Delhi ITAT has removed the AO addition in the absence of any related proof, which was only based on the assumption and not on any material recovered in the investigation. ITAT mentioned that the taxpayer/employee undertaking overtime after the finish of working hours may be counted as a breach of banking rules, however, it […]
The Federation of Industrial and Commercial Organizations (FICO) called on the government to lower and streamline the Goods and Services Tax (GST) on iron and steel from 18% to 12%. FICO in a written memorandum addressed to the Union Steel Ministry and GST council stresses the requirement for a lower tax imposition to increase the […]
It was mentioned by the Kerala High Court that any assessment order furnished before the permitted time for filing a response has no legal validity and can be overturned. The Bench of Justice Gopinath P. marked that “…….the assessee had filed an appeal against the order is no ground to refuse relief to the assessee […]
Determining that the proper officer has passed the order of cancellation of GST registration of taxpayer with retrospective effect, it was mentioned by the Delhi High Court that these orders do not specify any reason for cancelling the GST registration much less from retrospective effect. The HC discovered that the mere allegation against the taxpayer […]
The Madhya Pradesh High Court at its Indore bench, dismissed a filed writ petition of Future Consumer Limited, contesting an order passed by the Deputy Commissioner of State Tax u/s 73 of the GST Act. As per the applicant, they were refused the right to personal hearing u/s 75(4) of the Act. The division bench […]
Karnataka and Tamil Nadu in the South are counted under the top 5 states in India that account for 70% of India’s total direct tax collections. Maharashtra tops the list with 38.9%, accounting for a significant portion of tax collections, whereas Karnataka and Tamil Nadu rank second and fourth, respectively. Following Gujarat, Delhi has arrived […]