Expenditure incurred allowable to Company on Lands purchased from its Directors as substantial profits were earned by company: Madras High Court [Read Judgment]
The Madras High Court held that expenditure incurred is allowable to the company on lands purchased from its Directors as substantial profits were earned by the company. The respondent-assessee, M/s.Adityaram Properties (P) Ltd. is a
Central Excise Law mandates Personal Hearing as a Pre-condition to pass an Order: Madras HC quashes Order [Read Order]
The Madras High Court quashed the Central Excise order passed without providing a personal hearing and directed the department to provide another opportunity to the petitioner to defend himself before passing of the final order.
GSTR 2A vs GSTR3B vs GSTR9: Madras HC quashes Rejection of GST ITC claim solely on non-inclusion in GSTR-3B [Read Order]
A Single Bench of the Madras High Court has quashed the rejection of a Goods and Services Tax ( GST ) Input Tax Credit ( ITC ) claim based solely on non-inclusion of the same
Plea against ICAI for Violation of Natural Justice, Misuse of Jurisdiction in Disciplinary Matters: Madras HC asks ICAI Re-Examine Matter [Read Order]
The Madras High Court has remanded the matter to the Institute of Chartered Accountants of India (ICAI) Disciplinary Authority on Plea of CA to examine, unravel, fix accountability for mala fide exercise of Quasi-Judicial Powers.
Any entity can file for Refund u/s 54 of CGST Act: Madras High Court allows Refund of GST to SEZ [Read Order]
The Madras High court while allowing the refund of Goods and Service Tax (GST) to the Special Economic Zone (SEZ) held that any entities can file for Refund under section 54 of CGST Act. The
Assessee entitled to rely upon Approval of Development Commissioner, claim Deduction for earning of Foreign Exchange: Madras High Court [Read Judgment]
The Madras High Court held that the assessee entitled to rely upon approval of Development Commissioner, claim a deduction for earning of foreign exchange. The appellant, Indus Teqsite Private Ltd. submitted that where a deduction
Madras High Court directs GST Dept. to Take Action against Officials causing Revenue loss to State [Read Order]
The Madras High Court directed the GST Department to take action against Officials causing revenue loss to the State. The petitioner, GE Govindaraj, sought to quash a 2012 notice of the Assistant Commissioner in Arisipalayam
Income Tax Appeal regarding Section 80B(2) Deduction pending before CIT(A) for 5 Years: Madras HC orders to dispose within 3 Months [Read Order]
The Madras High Court has directed the Commissioner of Income Tax ( Appeals ) [ CIT(A) ] to resolve the income tax appeal within a period of three months which was pending for 5 years.
Consideration for Sale of Software cannot be treated as Royalty, no TDS to be deducted: Madras High Court [Read Judgment]
The Madras High Court ruled that the consideration for the Sale of Software cannot be treated like Royalty and no TDS is liable to be deducted. The assessee, M/s. Financial Software and Systems Private Limited
Provisional attachment made after Benami Transactions (Prohibition) Amendment Act, 2016 valid even when Benami transactions took place before Amendment, rules Madras HC
The Madras High Court ruled that provisional attachment made after Benami Transactions (Prohibition) Amendment Act, 2016 valid even when Benami transactions took place before amendment. Mr.A.Iruthayaraj, counsel for the petitioner, K.Nagarajan, I.A.S contended that the
Lease Rent Income received from Letting out modules of Software Technology Park to constitute Income from Business, eligible for Deduction: Madras HC
The Madras High Court ruled that the lease rent income received from letting out modules of Software Technology park to constitute income from the business, eligible for deduction The Revenue assailed the order of the
Actor Vijay Rolls Royce Case: Madras HC Removes scathing remarks made by Single Judge bench on Tax Exemption [Read Order]
The Madras High Court has ordered to expunge the scathing remarks made by a single judge bench against actor Vijay in the case related to tax exemption for his Rolls Royce car. The appellant, who
Madras HC disposes Petition challenging 12.5% Tax under TNVAT Act, 2006 after 8 Years [Read Order]
The Madras High Court has disposed Petition challenging 12.5% Tax under TNVAT Act, 2006 after 8 Years. The petitioner, M/s.Kaveri Home Needs has challenged the impugned Assessment Order dated 27.12.2019 for the Assessment Year 2006-2007
GST Evasion: Madras High Court grants Bail to Executive Director alleged of Non-Payment of Tax Collected to Govt. [Read Order]
The Madras High Court granted the bail to the Executive Director for alleged Non-Payment of Tax Collected to Government. The petitioner, B.Anandan is an Executive Director of M/s.Saraswathi Udyog India Ltd., which company is engaged
ALP and Resultant Excess Profit to be treated as Deemed Income under ‘Other Sources’: Madras High Court [Read Order]
The Madras High Court ruled that the Arm's Length Price (ALP) and resultant excess profit to be treated as deemed income under 'other sources'. The assessee/respondent, M/s.Tweezerman (India) Private Limited is a manufacturer of beauty