Taxscan | Simplifying Tax Laws

Dropping Issue During Income Tax Scrutiny for Lack of Material is Not ‘Change Of Opinion’: Calcutta HC validates Reopening based on New Material [Read Order]

In a recent ruling, the Calcutta High Court held that dropping an issue during income tax scrutiny due to lack of material does not amount to a...

Dropping Issue During Income Tax Scrutiny for Lack of Material is Not ‘Change Of Opinion’: Calcutta HC validates Reopening based on New Material [Read Order]

ITAT has Power to Stay Cancellation of Charitable Registration Even Without Income Tax Demand: J&K &...

Calcutta HC Examines Whether GST Adjudication is Vitiated for Non-Supply of Seized Documents and...

Works Contract Service Tax Demand of Rs. 2.30L: CESTAT Orders Fresh Assessment of Abatement and...

Andhra Pradesh HC Sets Aside 18% GST Levy on Public Road Works, Orders Fresh Assessment Based on...

CD’s Ledger Acknowledgement Negates Claim of Pre‑Existing Dispute: SC Sets Aside NCLAT Order and...

NCLT to Reconsider Rs. 92 Lakh Penalty Imposed for Non-Holding of AGMs Due to Directorial Deadlock:...

CCI Approves ITC’s Acquisition of Aditya Birla Real Estate’s Paper & Pulp Business as a Going...

India–Oman FTA Poised to Transform Bilateral Trade: Goyal Highlights New Opportunities as...

Calcutta HC Examines Whether GST Adjudication is Vitiated for Non-Supply of Seized Documents and Digital Data [Read Order]

Filing International Patent through Foreign Attorney is Supply of Service: AAR affirms GST liability for Reimbursement through RCM [Read Order]

No Interest Payable after GST Deposit in Electronic Cash Credit Ledger: Calcutta HC stays Recovery [Read Order]

Orissa HC Stays GST Demand Proceedings after Finding Audit Report Issued by Superintendent Instead of Proper Officer [Read Order]

GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]

ITAT Holds PLR Applicable for Benchmarking Interest on Rupee-Denominated CCDs, Deletes ₹9.35 Crore TP Adjustment [Read Order]

ITAT Restricts Commission Income to 0.15% for Accommodation Entry Provider, Deletes S. 68 Additions...

Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read...

Interest-Free Advances from Share Capital Don not Attract Notional Tax: ITAT [Read Order]

Satisfaction Note without Date Supplied to Petitioner after 2 years : Gujarat HC Quashes Notice u/s...

SCN Lacks Precise BAS Classification: CESTAT Sets aside Service Tax Demand against Amway Distributor [Read Order]

Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]

Service Tax Demand Based only on ITR–ST-3 Mismatch Unsustainable: CESTAT Holds Revenue must Establish Taxable Value before Levy [Read Order]

When Dept Admits No Service Tax Liability, It cannot Deny Refund of Deposit made during Investigation on Limitation: Chhattisgarh HC [Read Order]

Construction of Govt. Residential Quarters to GSPHCL Not Taxable: CESTAT Drops Service Tax Demand on Works Contract but Upholds GTA Liability [Read Order]

Works Contract Service Tax Demand of Rs. 2.30L: CESTAT Orders Fresh Assessment of Abatement and Reverse Charge Benefits [Read Order]

Voluntary Service Tax Payment u/s 73(3) Constitutes Final Settlement, Not Mere Deposit: CESTAT Dismisses Refund Appeal [Read Order]

Knowledge Centre Services Qualify as Management Consultancy, Not Legal Services: CESTAT Holds Classification Cannot Be Challenged at Refund Stage [Read Order]

Works Contract Cannot Be Taxed as Residential Complex Construction Service: CESTAT Sets Aside Rs 80 Lakh Service Tax Demand, upholds Penalty for Non-Registration

Relief for Bridgestone India: CESTAT Sets Aside ₹96 Lakh Excise Demand for Alleged Excess CENVAT Credit [Read Order]

CESTAT Sets Aside Section 114AA Penalty Due to Failure in Establishing Proof of Intentional Use of Manipulated Scrip [Read Order]

Unconstitutional Restriction on CENVAT Credit: CESTAT Sets Aside Penalty and Demand Based on Invalid Rule 8(3A) of Central Excise Rules

NCLAT allows Correction Application, Orders Correction of Errors in Previous Order Pertaining to CIRP Status and Pending High Court Litigation [Read Order]

Conditional Repayment Linked to Project Completion Not Financial Debt: NCLAT upholds NCLT’s...

Pre‑Existing Disputes on Supply & Assignment: NCLAT upholds NCLT’s Dismissal of K-sure’s S 9...

Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLT's...

Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read...

NCLAT Refuses Condonation of Delay in Share Transfer Dispute, Holds S. 14 Inapplicable after...

NCLAT Rejects Appeal to Revive Belated Claim Post-Resolution Plan Approval Due to Contradictory...

E-Way Bill System Under GST: Know Penalties and Consequences of Non-Compliance

Auditing Cryptocurrency? know the basics and How to Report It

Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]

55th GST Council Meeting Recommendations: All You Need to Know

GST on Intermediary Services- Gamut of Clarifications and Litigations!!

Why and How Political Parties Get Income Tax Exemption?

How can Freelancers manage their Income by Optimising Income Tax?

Top Global Accounting Scandals Impacted Reputation of Big Accounting Firms

NCLAT allows Correction Application, Orders Correction of Errors in Previous Order Pertaining to CIRP Status and Pending High Court Litigation [Read Order]

Conditional Repayment Linked to Project Completion Not Financial Debt: NCLAT upholds NCLT’s...

Pre‑Existing Disputes on Supply & Assignment: NCLAT upholds NCLT’s Dismissal of K-sure’s S 9...

Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLT's...

Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read...

Dropping Issue During Income Tax Scrutiny for Lack of Material is Not ‘Change Of Opinion’: Calcutta HC validates Reopening based on New Material [Read Order]

ITAT has Power to Stay Cancellation of Charitable Registration Even Without Income Tax Demand: J&K & Ladakh HC [Read Order]

Andhra Pradesh HC Sets Aside 18% GST Levy on Public Road Works, Orders Fresh Assessment Based on IALA Certificate [Read Order]

Failure to Serve Annual Report Breaches S.136: MCA Imposes ₹25K Penalty on Company and ₹5k Each on Directors [Read Order]

CA cannot be Held liable for Professional Misconduct merely Differing from other Professional’s Opinion: ICAI [Read Order]

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