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Search results for: Section 74

Delhi HC's Order in the Case of Satwant Singh Sanghera vs. Assistant Commissioner of Income Tax

Delhi HC: TDS Deducted by Employer U/S 245 Cannot Be Adjusted Against the Assessee’s Future Tax Refund

A relief has been granted by the Delhi High Court before Satwant Singh Sanghera, a pilot formerly employed with the now-collapsed Kingfisher Airlines, against a tax demand of over Rs 11 lakh. It was claimed by Singh that he had duly furnished his ITR for the said assessment years and the company had deducted TDS […]

Bombay HC's Order in the Case of Tikona Infinet Private Limited Vs. Union of India

Bombay HC: Assessee Can’t Be Refused ITC Solely for Filing GST Forms Manually Due to Portal’s Functionality Issues

An unexpected issue emerged, in which it was stressed that technicalities made via the Department and not the assessee must not be put forth by the department to defeat the legal rights and entitlements of the assessees. It was carried out by the Bombay High Court that the related Revenue officials (respondent) could not refuse […]

Pune ITAT's Order In Case of T and T Infra Limited Vs ACIT

Pune ITAT: Tax Deduction Can Be Claimed u/s 80IA If the Entity Operates, Develops, and Maintains Infra

Directing to the decision of CIT vs. ABG Heavy Industries Ltd. (2010) 322 ITR 323, the Pune ITAT repeated that an enterprise can claim deduction under section 80IA if it develops, operates, and maintains the infrastructure facility, subject to the beginning of operation & maintenance of the infrastructure facility after April 01, 1995. The Bench […]

GST Notification No. 23/2024 for Central Tax

Central Tax Notification No. 23/2024 for Waiving GST Late Fees for Delayed Filing of GSTR-7

The Central Board of Indirect Taxes and Customs (CBIC) has given relief for taxpayers required to TDS under section 51 of the CGST Act, 2017, and has furnished central tax GST notification No. 23/2024, dated October 8, 2024. The same notification exempted the late fee for the delays in filing FORM GSTR-7 from June 2021 […]

GST Notification No. 22/2024 for Central Tax

Central Tax Notification No. 22/2024 to Rectification on Incorrect GST ITC U/S 16

To facilitate GST compliance the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 22/2024-Central Tax dated October 8, 2024, to report the process of executing the newly inserted sub-sections (5) and (6) in Section 16 of the CGST Act, 2017. The very notification furnishes a process to rectify the orders pertinent […]

Summary of GST Notification No. 21/2024 on Central Tax

GST Notification No. 21/2024 on the Process for Waiving Penalty and Interest on Tax Demands U/S 73

The Central Board of Indirect Taxes and Customs (CBIC) in relief for the taxpayers facing tax demands from the previous fiscal years has issued GST notification No. 21/2024–Central Tax dated October 8, 2024, specifying the procedure and prerequisites for the exemption of interest, penalty, or both, concerning tax demands u/s 73 of the Central Goods […]

Cuttack ITAT's Order In the Case of ARSS Developers Limited Vs. Deputy Commissioner of Income Tax

Cuttack ITAT Upholds Decision of CIT(A) to Eliminate ₹3.08 Crore Penalty for AY 2014–15 U/S 271(1)(c)

The Cuttack Bench of Income Tax Appellate Tribunal(ITAT) carried the decision of the Commissioner of Income Tax(Appeals) to remove the Rs.3,08,11,278 penalty imposed u/s 271(1)(c) for the Assessment Year 2014-15 since the underlying quantum addition no more existed. An appeal has been filed by the revenue against the CIT(A), order on 25.6.2024, which removes the […]

Patna HC's Order In Case of S.S. Enterprises vs Union of India & Ors

Patna HC: 3-Year Limitation Period Commences from Actual GST Annual Return Filing Date, Not the Extended Due Date

The Patna High Court, the demand order u/s 73(10) of the GST ( Goods and Services Tax ) Act should be issued within 3 years from the filing date of the annual return and not the extended due date. The bench of Chief Justice K. Vinod Chandran and Partha Sarthy carried that the extension given […]

Karnataka HC's Order In The Case of Bangalore Thulaseedas Srinath V/S IT Officer

Karnataka HC: 7 Days Should Be Granted for Responding to an Income Tax Notice Issued U/S 148a(b)

The applicant, Bangalore Thulaseedas Srinath contested several notices and orders issued to the applicant, including those u/s 148A(b), 148A(d), 148, 147 r/w 144 and 144B and pertinent penalty notices u/s 274 read with Sections 272A(1)(d), 270A and 271B. It was furnished by the applicant that the income tax notice issued u/s 148A(b) of the Act […]

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