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It was carried by the Delhi High Court that the provision u/s 153C of the Income Tax Act, 1961 for the Assessing officer of a searched person to record ‘satisfaction’ and handover documents for undisclosed income of another person cannot be replaced by just uploading such information on the insight portal of the department. It […]
The Madras High Court in a mismatch between the GST Returns 3B and the GSTR 9C, has granted a last chance to explain the discrepancies to the petitioner on 25% pre-deposit of the disputed tax. The applicant R.Ramesh is a contractor for distinct Tamil Nadu Government departments and registered under the GST act, submitted returns, […]
An Order passed by the Bombay High Court regarding the issuance of Notice under Section 148A(b) of the Income Tax Act, 1961 to the legal representatives of a deceased taxpayer has been set aside by the Supreme Court of India. A Civil Appeal was instituted to the Supreme Court by Ghanyashyam Anil Dhanani concerning a […]
It was carried by the Madhya Pradesh High Court that the GST department may not unfairly prejudice the taxpayer via disallowing the Input tax credit (ITC) quoting the late returns post already imposing late fees for the belated Goods and Services Tax (GST) Returns filing. The Madhya Pradesh High Court recently made a ruling on […]
A Goods and Services Tax ( GST ) assessment order has been set aside by the Madras High Court pertinent to the fiscal year 2020-2021, asking for a fresh hearing in matters engaging the discrepancies between GSTR-3B and GSTR-2A returns. The court marked that neither the answer furnished nor the tax filed emerged from the […]
Indian Railway Finance Corp. received a goods and services tax demand order totaling Rs 230.55 crore via the Tamil Nadu tax authority. The notice furnished via the assistant commissioner from the sales tax division in Chennai North includes a tax demand of Rs 209.59 crore and a penalty of Rs 20.96 crore, IRFC mentioned in […]
The Madras High Court in a ruling carried that the filed amount in excess of the admitted tax obligations can be adjusted against the pre-deposit need for a final hearing chance in Goods and Services Tax (GST) disputes. The applicant, Sri Murugan Typewriting Institute, is in teaching typewriting services and registered under the GST Act, […]
It was mentioned by the Delhi HC that the wrong citing of the name of the taxpayer in the notice issued to it for the default in deduction of tax at source is just a clerical error. Therefore a division bench of Justices Yashwant Varma and Ravinder Dudeja carried that Show Cause Notice (SCN) along […]
It was ruled by ITAT Jaipur that provisions of 68 or such are not been applied on the transaction sale recorded in the books of accounts as the sale transactions are part of the income which is credited in the statement of profit & loss account. Case Facts AO in the assessment proceedings noted that […]
