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The Bombay High Court has determined that Assessing Officers (AOs) must verify information before initiating reassessment proceedings based on faceless data. This ruling comes from a bench of Justices G.S. Kulkarni and Somasekhar Sundaresan, who underscored the importance of verification when AOs intend to act under Section 148 of the Income Tax Act, particularly when […]
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has annulled a show-cause notice directed at fruit vendors who are not involved in any activities subject to service tax. The bench, consisting of Judicial Member Suvendu Kumar Pati and Technical Member Anil G. Shakkarwar, noted that the show cause notice failed […]
In a development that could potentially howl within Corporate India. Mahindra & Mahindra (M&M) has received a notice from the Goods and Services Tax (GST) office regarding the use of the ‘Mahindra’ brand name by different group companies. The show cause notice raises the question of why M&M should not be liable for GST on […]
The Income Tax Appellate Tribunal (ITAT) Bangalore in its recent ruling on the Hubli Electricity Supply versus Deputy Commissioner of Income Tax (DCIT) case highlighted the intricate factors of section 43B of the Income Tax Act. This case underscores the complexities involved in how businesses handle taxes, duties, cesses, or fees, and how it impacts […]
The Ministry of Corporate Affairs (MCA) released a circular on February 19, 2024, announcing the introduction of the Change Request Form (CRF) on the MCA-21 platform. The circular hereby informs stakeholders about the accessibility of CRF on the V3 portal, improving the user experience of MCA-21 services. The CRF, available online, is specifically designed for […]
If an enrolled dealer availed for any advantage under Section 19 of the TNVAT Act 2006 then he needed to comply with the norms mentioned in the stated section, Madras High Court ruled. The applicant did not deliver the original tax invoice from a registered dealer, and thus, he is unable to complain that the […]
The Gauhati High Court has granted the interim stay of Show Cause Notice for the matter of Surya Business Private Limited, asking for the reversal of GST ITC on account of default at the supplier’s end. The bench of Justice Manish Choudhury has noted that the plea contesting the Show Cause Notice pursuing reversal of […]
The Kerala High Court remanded the case for re-adjudication on the case of the Submission of GSTR -1 established on the Central Board of Direct Taxes ( CBDT ) Circular. Mr. Abraham K. J., Counsel for the petitioner and Ms. Reshmita Ramachandran, Government Pleader. The applicant M/S Kochi Medicals, is a registered dealer under the […]
Nearly 4.4 million “targeted” emails have been sent by the government to the people who have gaps in the transactions on their accounts and the income they reported in last year’s tax filing cycle, as per the senior official, a forewarning has been issued by the tax department to assist the people for preventing to […]