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The Gujarat High Court in a judgment for the matter of Shyamlal Rupchand Parwani vs. Assistant Commissioner of Income Tax (ACIT), stated that its position on the jurisdictional factors and procedural propriety concerning notices issued u/s 153C of the Income Tax Act, 1961. For taxpayers and the administration of tax law in India, this decision […]
In DCIT vs. Sandeep Hooda, adjudicated by ITAT Delhi, the taxpayer’s eligibility for deduction u/s 54 of the I-T Act, 1961, is scrutinized. The dispute emerges from the absence of essential amenities in the claimed residential property. The case background is that the taxpayer, Sandeep Hooda, qualifies for tax deduction u/s 54 despite the shortage […]
A circular has been issued by the Uttar Pradesh Goods and Services Tax (GST) Department explaining the procedure for defining the jurisdiction of traders registered in various corporate circles in the state. The circular, which sought to ease the jurisdictional matters, derives from a thorough analysis of information received via 50,000 dealers, including a list […]
The Delhi High Court ruled that Goods and Service Tax ( GST ) Registration cannot be cancelled retrospectively as of non-filing of returns for a continuous period of 6 months. The Court amended the impugned order to the extent that registration will now be deemed as cancelled w.e.f date 30.04.2019 i.e., the date from which […]
The Telangana GST department needs to issue policies for the note of caution issued by the Central Board of Indirect Taxes and Customs (CBIC) establishing the dos and don’ts but is yet to do so. The rules were issued to ease tax investigations, summons, and searches with a direct focus on streamlining business procedures and […]
Concerning monthly GST collections, Uttar Pradesh has overtaken Tamil Nadu by recording a 19% rise in tax revenues in April. As per the information, by 19% the GST collections in Uttar Pradesh increased to Rs 12,290 crore in April 2024, becoming the 4th largest contributor after Maharashtra, Karnataka, and Gujarat. Tamil Nadu, which saw a […]
Gross Goods and Services Tax collections of India attained a record high of Rs 2.10 lakh crore in April, increasing 12.4 per cent on a year-on-year basis, the Finance Ministry stated. In March the GST collection stood at Rs 1.78 lakh crore. Earlier Rs 1.87 lakh crore in April 2023 is the highest-ever GST collection […]
No rejection should be there for the taxpayer’s claim since the same was not notified in the tax audit report, certainly in the cases where the other proof is available on record recommending the deduction as per the provisions of section 43B on a payment basis is available, Rajkot ITAT ruled. The Bench of the […]
Delhi High Court in a case asked for re-adjudication when the order passed u/s 73 of the Central Goods and Services Tax Act, 2017 without furnishing a chance to clarify the response concerning the Show Cause Notice (SCN). The applicant Decolene Fibers Pvt. Ltd. filed the writ petition against the show cause notice and order […]
