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A writ petition filed by M/s Diwakar Road Lines challenging the rejection of an application to compound all previous service tax by way of a one-time settlement has been dismissed by a division bench of the Andhra Pradesh High Court. It was carried by the bench that even though the regulatory does not specify the […]
The Gujarat High Court on Thursday (February 6) dismissed the regular bail plea of journalist Mahesh Langa in an alleged case of GST fraud along with the fraudulent claim of Input Tax Credit and forgery of documents registered by Rajkot police. Justice MR Mengdey while pronouncing the order said, “Dismissed”. It is not inclined to […]
It was carried by the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) that the disallowance of ₹1.07 Crore for non-deduction of Tax Deducted at Source (TDS) on reimbursements u/s 40(a)(ia) of Income Tax Act,1961 was not justified as of the tax compliance. The applicant Crisil Limited had been assessed under section 143(3) with an […]
The Delhi High Court carried that if the Revenue issues a reassessment notice to a taxpayer under section 148 of the Income Tax Act, 1961 without following procedure, then later it cannot issue a fresh reassessment notice beyond the specified period, claiming that time spent on earlier litigation is to be excluded for computing limitation. […]
The Calcutta High Court stated that, before sending a show cause notice regarding a tax issue under the Goods and Services Tax Act (GST) of 2017, officials must first consider the individual’s pre-show cause notice (SCN) reply. It was discovered by the court that the SCN is a replica of the data provided before and […]
It was held by the Gauhati High Court that Section 69 of the Central Goods and Services Tax Act 2017, which grants the power to arrest a Commissioner under the Act, needs the authority to not only record ‘reasons to believe’ that a taxpayer committed the specified offence but also determine the necessity to arrest. […]
What does IMS stand for? The mentioned functionality is said to be an effective rise in the ITC ecosystem of GST. Merely the accepted invoices through the receiver shall become part of their GSTR-2B as their eligible ITC. Hence the IMS shall furnish the taxpayer a chance to review the authenticity of the received invoices. […]
The taxpayer’s plea was dismissed by the Kolkata Bench of Income Tax Appellate Tribunal (ITAT) for the penalty imposed u/s 271(1)(c) of the Income Tax Act,1961 for Assessment Year 2013-14, as withdrawn under the Vivad se Vishwas Scheme. The petitioner/taxpayer, Raj Kumar Agarwal HUF appealed against the 09.05.2024 order of the Commissioner of Income Tax(Appeals), […]
On the recommendations of the 54th GST Council, the Central Government has issued Notification No. 22/2024 – CT dated 08.10.2024 and reported that any registered person against whom any order affirming demand for the incorrect claim of the ITC based on the violation of provisions of sub-section (4) of section 16 of the articulated Act […]
