Larger Limitation Period may be Invoked in Matters of Suppression or Fraud: Bombay HC in CENVAT Mismatch Case [Read Order]
The Bombay High Court recently illuminated the ability of the Revenue to invoke a larger period of limitation in matters involving possible...
![CPC cannot Disallow S.11 Benefits already Accepted: ITAT Rules Action Beyond Scope of Rectification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Rectification-CPC-Taxscan.jpg "CPC cannot Disallow S.11 Benefits already Accepted: ITAT Rules Action Beyond Scope of Rectification [Read Order]")
![Late Submission of Form 10B deemed Procedural Lapse: ITAT grants benefit u/s 11 of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Appellate-Tribunal-Form-10B-TAXSCAN.jpg "Late Submission of Form 10B deemed Procedural Lapse: ITAT grants benefit u/s 11 of Income Tax [Read Order]")
Reassessment Notices u/s 147 and 148 Beyond Time Limits: Delhi HC Enforces Statutory Limits u/s 149(1) [Read Order]
The Delhi High Court recently ruled in a petition filed by Sanjay Singhal that notices issued beyond statutory limits are not valid unless the delay is substantiated with proper reasons. The...
S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed all the grounds filed by the assessee and held that the order passed under Section 263 of the Income Tax...
![S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-News-section-263-Taxscan.jpg "S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]")
ITAT upholds AO's Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the disallowance of short-term capital loss which was already adjusted in the previous assessment year (AY) but deleted the penalty...
![ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-STCL-AOs-Disallowance-STCL-Due-to-Adjustment-Income-Tax-Appellate-Tribunal-previous-assessment-year-Commissioner-of-Tax-Taxscan.jpg "ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]")
Filing an Appeal for Revocation of Cancellation of GST Registration - Intent and Importance Purposes [Find Draft Reply Format Here]
The cancellation of GST registration can have significant repercussions for businesses, affecting their operational continuity and legal compliance. It often arises due to procedural issues or...
![Filing an Appeal for Revocation of Cancellation of GST Registration - Intent and Importance Purposes [Find Draft Reply Format Here]](https://www.taxscan.in/wp-content/uploads/2024/12/Draft-Reply-GST-Registration-Cancellation-of-GST-Registration-Draft-Reply-Format-Taxscan.jpg "Filing an Appeal for Revocation of Cancellation of GST Registration - Intent and Importance Purposes [Find Draft Reply Format Here]")
Relief to Huawei: Delhi HC Rules AY 2013-14 Assessment Time-Barred Due to Inaction After ITAT's Remand [Read Order]
In the recent ruling,the High Court of Delhi granted relief to Huawei Telecommunications India, ruling that the assessment for the assessment year(AY) 2013-14 was time-barred due to inaction by the...
Disallowance of Expense u/s 37(1) of Income Tax Act is Valid in absence to Contrary Evidence to Purchase of Paddy from Unregistered Farmers: Kerala HC [Read Order]
The Kerala High Court has held that disallowance of expense under section 37(1) of the Income Tax Act, 1961 is valid in the absence of contrary evidence to the purchase of paddy from unregistered...
![Disallowance of Expense u/s 37(1) of Income Tax Act is Valid in absence to Contrary Evidence to Purchase of Paddy from Unregistered Farmers: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Kerala-High-Court-Disallowance-Disallowance-of-Expense-Paddy-Taxscan.jpg "Disallowance of Expense u/s 37(1) of Income Tax Act is Valid in absence to Contrary Evidence to Purchase of Paddy from Unregistered Farmers: Kerala HC [Read Order]")
Failure to Consider Issue on Tax effect on account of Discount Granted under CGST Act: Kerala HC Remands Matter [Read Order]
In a recent case, the High Court of Kerala remanded the matter as it was found that the appellate authority failed to consider the issue of the tax effect on account of the discount granted under the...
