ITAT Orders Re adjudication of Cash Deposits in Biscuit and Confectionery Business During Demonetization [Read Order]
The two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) directed re adjudication regarding the cash deposited during the demonetisation period under the business of purchases and sale of biscuits and confectioneries.
ITAT Orders Re adjudication of Commission and Brokerage Sales credited to P/L Account for Reliance Jio and Sun Direct Distributorships [Read Order]
The Two member bench of Bangalore  Income Tax Appellate Tribunal ( ITAT ) directs readjudication regarding the commission and brokerage sale credited to Profit and Loss Account of distributorship to Reliance Jio and Sun Directs.
Fake ITC Claims: Pune GST Dept cracks down on Rs. 145 Cr Multi-State GST Scam
Pune's GST Intelligence unit has disrupted a multi-state counterfeit input tax credit scheme valued at Rs 145 crore. A significant development, the Pune division of the Directorate General of GST Intelligence ( DGGI ) uncovered
Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered a reconsideration, noting substantial evidence indicating that a taxpayer engaged in a money transfer business utilizing platforms such as M-Pesa and
AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to delete the addition of Rs. 4.71 crore after observing the AO's failure to recompute book profit under Section
Relief to Shell Information Technology: ITAT rules Payment for IT Support Services not considered as FTS under Article 12 of India – Netherlands DTAA
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, ruling that payments for IT support services were not considered fees for technical services under the
GST Registration Cancelled due to Non-Response to SCN: Delhi HC directs Cancellation w.e.f. SCN Issuance Date [Read Order]
The Delhi High Court directed the Goods and Service Tax ( GST ) registration cancellation effective from the date of issuance of Show Cause Notice ( SCN ) due to failure to submit a reply.
Delhi Income Tax Office Fire Outbreak: ‘No Data Loss as ITRs and Proceedings Conducted Electronically’, says Dept
The Income Tax Department has provided reassurance that no taxpayer data was lost and no physical damage occurred as a result of the fire incident at the Delhi Income Tax Office. This is attributed to
“View Additional Notices and Orders” Tab in GST Portal: Here’s the Reason You Should Check Daily
Being registered under the Goods and Services Tax ( GST ) system entails the responsibility of regularly monitoring the GST portal. Upon receiving notices and orders uploaded in the "View Additional Notices and Orders" tab,
Ratification application under section154 of cannot be termed as Time-Barred If Taxpayer Responded to Notice issued under Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that ratification application under section 154 of the Income Tax Act,1961 cannot be termed as time-barred if the taxpayer responded to notice
Understanding Compliances and Income Tax Filing of Charitable Trusts
The Income Tax Act, 1961 provides certain tax benefits to a trust that is set up for religious or charitable purposes. To guarantee compliance and maximise benefits, trustees must be knowledgeable of the subtleties of
GST Registration Cancellation Order under Challenge: Madras HC orders GSTR Filing Prior to Cancellation, Mandates Tax Dues and Interest Payment [Read Order]
The Madras High Court, given the similar issues in the Suguna Cutpiece Center case, pronounced the same judgment, ordering the petitioner to file the Goods and Services Tax Returns ( GSTR ) prior to the
Karnataka HC quashes FIR registered under Prevention of Corruption Act without verifying ITR [Read Order]
In a recent case, the Karnataka High Court quashed an FIR registered under Prevention of Corruption Act, 2002 without verifying the Income Tax Return ( ITR ). Petitioner Channakeshava.H.D is an Assistant Engineer in Karnataka
Jurisdictional Powers of GST Joint Commissioner (Investigation) Enforcement Wing under Challenge: Rajasthan HC stays Coercive Actions against Petitioner
A Division Bench of the Rajasthan High Court has stayed coercive steps against petitioner as the jurisdictional powers of the Goods and Services Tax ( GST ) Joint Commissioner, (Investigation) Enforcement Wing came under challenge.
CESTAT directs Commissioner to Return Gold Seized as Not Smuggled u/s 123 of Customs Acts [Read Order]
The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has directed the Commissioner to return the seized gold, ruling that it was not smuggled under Section 123 of the Customs Act,