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Jodhpur ITAT'S Order for Smt. Bhawna Nagori

Jodhpur ITAT: Belated ITR Can’t Be Filed After Deadline Under I-T Act

The late return could not get submitted post lapse of 1 year from the finish of the assessment year (AY), the income tax appellate tribunal (ITAT), Jodhpur Bench. The stated observation was made by the Jodhpur ITAT at the time when the petition was preferred before it via the taxpayer as against the order of […]

Allahabad High Court's Order for M/S Swati Poly Industries Pvt Ltd

Allahabad HC Cancels Order Passed U/S 75(4) Without Hearing Opportunity to Petitioner

For this particular case, the Allahabad high court ruled that section 75(4) of the Uttar Pradesh Goods and Service Tax Act would be obligatory despite when there is no demand in writing for the hearing would have incurred. Hence the bench cancelled the order issued without providing the chance of hearing to the applicant. Upon […]

Gujarat GST AAR's Order for M/s. Cadila Pharmaceuticals Ltd

Gujarat AAR: Amount Deduction from Employees Profiting Food Not Considered Under GST Supply

The Gujarat Authority for Advance Ruling (AAR) ruled that support in deduction made by the applicant from workers who get food at work would not be regarded as a “supply” under the GST Act. The applicant would receive the input tax credit (ITC) on the GST collected by the service provider of the cafeteria facilities […]

Chennai ITAT's Order for M/s. Pallava Textiles Private Limited

ITAT Chennai: Disallowance Made On Estimate Basis Cannot Result in Tax Penalty U/S 270A

Recently, an appeal was filed by the Chennai Bench of the Income Tax Appellate Tribunal (ITAT). The bench appealed, arguing that when disapproval is made on an estimated basis, an income tax penalty cannot be imposed under Section 270A of the Income Tax Act, 1961. The study and analysis of the scenario were conducted by […]

Orissa HC'S Order for M/s. Jena Trading

Orissa HC: Value Mismatch in GST Invoice & e-WayBill Calls a Human Error, Needs Fresh Assessment

The different amounts mentioned in the tax invoice and e-Way Bill indicate a palpable error in the waybill, which may be construed as a human error, Orissa High Court ruled. The assessment order would have been cancelled by the bench of Justice B.R. Sarangi and Justice M.S. Raman and remitted the case back to the […]

Process of EMI Calculation By Genius Tax Software

Summary of EMI Calculation Process Via Genius Tax Software

Simple Definition of EMI Calculation The purpose of this blog is to explain how Genius software makes EMI calculation easy. An EMI, or equivalent monthly instalment, is a set payment given to the lender by the borrower. EMIs repay both the principal and the interest on a monthly basis, and the loan is entirely returned […]

Process of No-Code Application Development

How Does No code app development Builder Work?

It’s nearly as simple as drawing up exactly what you want a webpage to have—”A picture goes here, a video goes there, a form should be added below…” With the declarative interface of a no code app development, you drag and drop pre-coded items precisely where you want them, and the code follows suit. It’s […]

Gen Bal Software Feature for Company Auditor Report

Easy Way to View Company Auditor Report by Gen Bal Software

What is a Company Auditor Report? The audit report is a critical deliverable for every organization since it reveals the final outcomes of the whole audit process. Users of financial statements, such as investors, lenders, customers, and others, base their judgments and plans on an enterprise’s audit reports. An audit report is always important in […]

Allahabad HC'S Order for Shyam Sundar Sita Ram Traders

Allahabad HC: A Firm’s GST Registration Can’t Be Cancelled Basis on Bogus Allegation

A Single Bench of the Allahabad High Court has cancelled and set aside the cancellation of GST registration executed on the basis of the firm being alleged to be fake. The applicant’s opinion of the council is that he has the registered proprietorship firm along with executing the business as per the statutory. The applicant […]

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