Overview of Cash Transaction Provisions Under the Income Tax Act: Allowed vs. Disallowed
Cash transactions are common in everyday life, but under the Income Tax Act ,there are rules to control large cash dealings. These rules help reduce...
![CIT(A) Confirms Addition on unexplained Share Investments due to Lack of Evidence: ITAT Directs Taxpayer to Furnish Proof, Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Addition-on-Unexplained-Share-Investments-ITAT-case-on-Share-Investments-TAXSCAN.jpg "CIT(A) Confirms Addition on unexplained Share Investments due to Lack of Evidence: ITAT Directs Taxpayer to Furnish Proof, Remands Matter [Read Order]")
![CESTAT Dismisses Clandestine Removal Charge due to Lack of Supporting Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Dismisses-Clandestine-Removal-Charge-CESTAT-Kolkata-Kolkata-charge-of-clandestine-removal-Shree-Krishna-Laxmi-Steel-Udyog-Pvt-Ltd-liable-for-duty-interest-and-penalties-Taxscan-1.jpg "CESTAT Dismisses Clandestine Removal Charge due to Lack of Supporting Evidence [Read Order]")
![Final Buyer of Goods/Recipient of Service can avail Tax Refund due: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Recipient-of-Service-Tax-Refund-Service-Tax-taxscan.jpg "Final Buyer of Goods/Recipient of Service can avail Tax Refund due: CESTAT [Read Order]")
Title to Immovable Property cannot be Transferred based on Unregistered Instrument: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) has ruled that as the property is listed in the corporate debtor's name, the liquidator has the power to seize the store....
Rs. 1.19 Crore Unexplained Cash Deposits Dispute: ITAT allows Cash Flow Statement as New Evidence and directs Reassessment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the assessee to submit a new cash flow statement as evidence and directed the Assessing Officer ( AO ) to reassess the matter...
![Rs. 1.19 Crore Unexplained Cash Deposits Dispute: ITAT allows Cash Flow Statement as New Evidence and directs Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedadad-Reassessment-Cash-Deposits-Taxscan.jpg "Rs. 1.19 Crore Unexplained Cash Deposits Dispute: ITAT allows Cash Flow Statement as New Evidence and directs Reassessment [Read Order]")
Limitation for TRAN-1 Declaration u/r 117 CGST is Mandatory and Not Directory: Rajasthan HC [Read Order]
In a recent matter, the Rajasthan High Court reaffirmed the mandatory nature of the time and manner for claiming transitional credit under Rule 117 of the Central Goods and Services Tax (CGST) Rules,...
Signature Forgery in Form F Filed with Counter Statement: Madras HC releases VAT Liability of deceased Person and his Representatives [Read Order]
The Madras High Court has set aside a VAT liability imposed on a deceased individual and his representatives, stating the submission of forged signatures by the estranged son-in law in Form F with...
![Signature Forgery in Form F Filed with Counter Statement: Madras HC releases VAT Liability of deceased Person and his Representatives [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Signature-Forgery-in-Form-F-Madras-High-Court-ruling-on-VAT-Liability-Form-F-site-image.jpg "Signature Forgery in Form F Filed with Counter Statement: Madras HC releases VAT Liability of deceased Person and his Representatives [Read Order]")
IGST Refund Denial to Advance Authorisation Holders Applies Prospectively w.e.f. Oct 9, 2018: Surat GST Commissionerate [Read Notification]
The Surat GST Commissionerate ruled that the denial of IGST refunds to Advance Authorisation Holders applies prospectively with effect from 9th October 2018 as clarified by Notification No. 54/2018. ...
![IGST Refund Denial to Advance Authorisation Holders Applies Prospectively w.e.f. Oct 9, 2018: Surat GST Commissionerate [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-GST-Commissionerate-Surat-GST-Commissionerate-IGST-Refund-cases-TAXSCAN.jpg "IGST Refund Denial to Advance Authorisation Holders Applies Prospectively w.e.f. Oct 9, 2018: Surat GST Commissionerate [Read Notification]")
![GST Order passed against Deceased Person Non Est in Law: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Madras-High-Court-GST-GST-Order-GST-order-against-deceased-person-TAXSCAN.jpg "GST Order passed against Deceased Person Non Est in Law: Madras HC [Read Order]")