The Madras High Court has upheld an order under Section 263 of the Income Tax Act, dismissing a writ petition filed against it. The court emphasised the clear distinction between the scrutinised assessment order under

The IT sector predicts mid-to-high single digit revenue growth in the upcoming fiscal year, leading major companies to adopt a more cautious approach in their FY25 projections. This adjustment reflects expectations of delays in project

This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in from May 04th, 2024 to May 10th, 2024. SUPREME COURT Amounts covered by Security deposits under

In a recent ruling, the Madras High Court condoned the delay of 927 days. The court considered the failure to file the Income Tax Returns ( ITR ) on grounds of illness and subsequent  demise

In recent developments, the Kerala Goods and Services Tax ( GST ) Department has issued a directive that could significantly impact taxpayers aggrieved by decisions of the First Appellate Authority. Understanding “Kerala Model” Directive to

The Jharkhand High Court has held that any unjust withholding of money or property from another party goes against the fundamental principles of justice, fairness, and good conscience and directed JBVNL to refund Tax Deducted

The Delhi High Court issued notice to the government over non-adjudication of Show Cause Notice ( SCN ) and impugned Income order for 11 years and 9.5 years respectively. Counsel for the petitioner contended that

The Madras High Court allowed the petitioner to contest the Goods and Services Tax ( GST ) Liability on a pre-deposit of 10% of disputed tax demand. The bench observed that the liability was confirmed

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 21 to May 4. Submissions on TDS Deduction

The Madras High Court overturned an appellate order and directed the Deputy Commissioner ( ST ) ( GST ) (Appeals) to adjudicate the appeal, despite a delay of 21 days in its filing. The court's

The section 45 of Prevention of Money Laundering Act (PMLA) 2002  lays down stringent criteria for bail in cases related to money laundering. However, amidst its rigour, the provision also incorporates a crucial exception, especially

What is Section 80G? Section 80G of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to eligible charitable institutions and funds. The purpose of this section is

The Kerala High Court dismissed the review petition in the absence of error apparent on face of record in the matter relating to the payment of interest for delayed filing of GST returns. The Court

This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from April 20th, 2024 to May 3rd, 2024. SUPREME COURT Compounding of Offence u/s 137 of

The Delhi High Court has set aside the Competition Commission of India's (CCI’s) order, stating that failure to adhere to notice provisions incurs liability for penal interest. The proceedings were initiated against Petitioner No.1/Geep Industries