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The Supreme Court has denied looking into the petition that the Micro and Small Enterprises (MSEs) submitted contesting a 45-day payment rule stated in Section 43B(h) of the Income Tax Act. SC replying to the petition recommended the MSEs ask for recourse via the HC when they want to pursue any relief pertinent to the […]
The Mumbai ITAT on observing that the AO had audited and still not denied the books of account, ruled that the ad hoc disallowance that the AO had made was not justified and ought to be deleted. The Bench of the ITAT (Income Tax Appellate Tribunal) Kuldip Singh (Judicial Member) and S. Rifaur Rahman (Accountant […]
The Income Tax Appellate Tribunal (ITAT) Mumbai in the recent case analyzed the petition furnished by the taxpayer against an order via the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. From the addition of Rs 11,33,000 as undisclosed income by the Assessing Officer the dispute emerged. U/s 148 of the Income Tax […]
In the matter of Shamanna Reddy vs. ITO, the Income Tax Appellate Tribunal (ITAT) Bangalore addressed a petition against the order of CIT(A) for the AY 2018-19. The petitioner, an individual, challenged the dismissal of their petition via the CIT(A) on technical foundations, and the following assessment order passed u/s 147 read with section 144 […]
The Delhi High Court in a case has directed re-adjudication concerning the order passed u/s 73 of the Central Goods and Services Tax Act, 2017 for the failure to comply with the natural justice principle. The applicant Dish TV India Ltd has furnished the writ petition against the demand created u/s 73 of the CGS […]
The Central Crime Station (CCS) of the Hyderabad police in an influential crackdown on bogus tax practices, has charged 5 Goods and Services Tax (GST) officials, including a deputy commissioner, for their involvement in a scheme to deceitfully claim GST refunds. CCS police show that such individuals collaborated with others to build the bogus electric […]
The matter of Landmark Cars East Private Limited (GST AAR West Bengal) is into the intricacies of GST norms for the demo cars. This blog examines the rulings of authority on input tax credits, tax rates, and classification for demo cars, offering insights into the implications for businesses. Landmark Cars East Private Limited, an authorized […]
Visakhapatnam ITAT on finding that there is no shortfall of TDS and the taxpayer is eligible to obtain credit of the entire amount, rendered the AO to allot the credit of the whole amount deducted as tax at source under section 194Q of the Income Tax Act. The Bench of Duvvuru Rl Reddy (Judicial Member) […]
The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the taxpayer is qualified for CENVAT credit on inputs and input services utilised for the production of electricity, which are transferred to its sister unit at Urse free of charge. The bench of Ajay Sharma (Judicial Member) witnessed that no allegation […]
