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.
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.
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
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
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
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
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.
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
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,
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
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
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
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
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.
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,