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A judgment has been furnished by the Income Tax Appellate Tribunal (ITAT) Delhi on 17th May 2024, in the matter of Saroj Sangwan Vs Income Tax Officer (ITO), addressing critical issues surrounding Section 148 of the Income Tax Act. The same case, related to the AY 2011-12, examines the procedural virtue and jurisdictional control of […]
The Madras High Court in a ruling held that a new SCN u/s 148 of the Income Tax Act, 1961 will be issued for the problems not raised before. The department was asked to provide a fresh order u/s 148A(d) after regarding the reply of the taxpayer. A Single bench of Justice Senthilkumar Ramamoorthy held […]
The Punjab & Haryana High Court in relief for India Inc., has stayed a circular that is within the corporate guarantees furnished via holding companies for the advantage of their subsidiaries, to GST. The High Court in an interim order has stayed the Central Board of Indirect Taxes and Customs (CBIC) issued circular. As per […]
In a recent judgement, the Delhi High Court set aside the reassessment order under the Income Tax Act 1961. On the typographical error, the reassessment was triggered inadvertently in the account number of the applicant taxpayer. M/S Tirupati Trading Corporation, the applicant contended the order issued under Section 148A(d) of the Income Tax Act, 1961, […]
The process to comply with regard to section 83(2) of the CGST Act, 2017 when provisional attachment of property ceases to have an effect, the Central Board of Indirect Taxes and Customs (CBIC) is notified. “Keeping in view the convenience of taxpayers, the Board prescribes the procedure that in such types of situations, the Commissioner […]
On the grounds of the physical application for the refund under section 54 of the UP Goods and Service Tax Act, 2017 read with Rule 97-A of the UP GST Rules, 2017, the Allahabad High Court recently directed the GST Department to refund the amount. The Department must pay interest on the reimbursement that was […]
In a recent decision, the Gauhati High Court made it clear that railways can not refuse GST reimbursement due to pricing variations just because the payment of output tax was carried out through an electronic credit ledger and using Input Tax Credit (ITC) under the GST Act. The single-judge bench, chaired by Justice Devashis Baruah […]
This article will aware of the TDS claim process if credit is not reflected in 26AS, AIS and TIS forms. There is Section 205 of the Income Tax Act of 1961 that gives you rights in certain situations. For example, if you are paying 60% tax on your income but your adequate tax liability is […]
The Central Board of Indirect Taxes and Customs (CBIC) provided guidelines on pre-deposit payment methods in central excise and service tax cases. Some Commissioners (Appeals) have dismissed pleas for non-compliance with pre-deposit needs mandated under Section 35F of the Central Excise Act, 1994, read with Section 35F of the CEA. Payments were made through Form […]
