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Maharashtra Authority for Advance Ruling (AAR) said that 0% or Nil Goods and Services Tax (GST) is applicable for the work allotted by the Maharashtra Jeevan Pradhikaran (MJP) as part of the Jal Jeevan Mission, a Government of India operation. M/s Fortress Infracon Limited and Yash Innovative Solutions LLP (JV), have filed an application which […]
The income tax assessment order has been quashed by the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) as of the absence of higher authority approval u/s 151 of the Income Tax Act, 1961 for the reopening beyond three years. The taxpayer Sunil Harischandra Keni, filed a return claiming an income of Rs. 16,42,210 for […]
Goods and Services Tax (GST) notices are to be served via alternative means once registration of the taxpayer has been cancelled, and only uploading the notice on the GST portal is insufficient, Allahabad High Court mentioned in a ruling. In this case, a writ petition was filed through a business, M/s Ahs Steels, whose GST […]
It was ruled by ITAT Jaipur that provisions of 68 or such are not been applied on the transaction sale recorded in the books of accounts as the sale transactions are part of the income which is credited in the statement of profit & loss account. Case Facts AO in the assessment proceedings noted that […]
The Jammu and Kashmir and Ladakh High Court in a case has cited that the notice to a taxpayer offering the levying of the penalty u/s 271(1)(c) of the Income Tax Act, 1961 should cite the reason for levying the penalty. It was carried that it is required to be quoted whether the taxpayer is […]
The Central Information Commission ( CIC ) noted that the GST returns information could not be filed u/s 158(1) of the Central Goods and Services Tax Act ( CGST Act ), 2017. It was cited that the General Laws could not override the special law with the Non-Obstante Clause carrying the Supreme Court’s decision in […]
The Patna High Court in the matter of Raiyan Traders vs. the Assistant Commissioner, the State of Bihar, the Additional Commissioner of State Taxes (Appeals), Patna vide Civil Writ Jurisdiction Case No. 12994 of 2024 dated 06.09.2024, addresses the problem on the existing legal debate on whether the GST pre-deposit for the appeals can get […]
The Central Board of Indirect Taxes has revised the norms for maintaining the record for aircraft operations with immediate effect. This makes it obligatory for every aircraft operator to transfer passenger data 24 hours before departure time and at wheels-off time. Previously the aircraft operators could transfer data either within 24 hours of departure or […]
It was carried that the Income Tax Appellate Tribunal (ITAT) carried the provisions of section 80P of the Income Tax Act, confirming its role in boosting the growth of cooperative societies. The ruling was created in the appeal related to the AY 2015-16 in which the Principal Commissioner of Income Tax (PCIT) had modified an […]