Supreme Court & High Courts Weekly Round Up
This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from February 16th to February 23rd of 2024. Monetary Limits for
Taxpayer’s GST registration can be Cancelled with Retrospective Effect only where such Consequences are Intended and are Warranted: Delhi HC [Read Order]
In a recent decision, the Delhi High Court observed that the taxpayer’s GST registration can be cancelled with retrospective effect only where such consequences are intended and are warranted. The petitioner impugned the order dated
ITAT Weekly Round Up
The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from February 9, 2024 to February 16, 2024 are analytically summarized in this Round-Up. Disallowance made on basis of
Govt may Defer Implementation of Section 43B(h), Hope to Medium-Large Scale Industries with MSE Suppliers
The Indian government is contemplating the deferment of Section 43B(h) of the Income Tax Act 2013, originally revised to expedite payments for micro and small businesses, in response to appeals from trade and industry associations
Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has remitted the matter to the Assessing Officer, directing them to produce bills and vouchers related to the purchase and sale of gold
ITAT Weekly Round Up
The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from February 3, 2024 to February 8, 2024 are analytically summarized in this Round-Up. ITAT Resolves Boeing India’s transfer
ITAT upholds Addition in Absence of Cogent Material for genuineness of Share Application/Subscription Transaction [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ), while upholding the addition made under section 68 of the Income Tax Act, 1961 held that the assessee failed due to the absence of cogent material
ITAT upholds Reassessment Proceedings initiated on information of Investigation Wings with respect to Accommodation Entry [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) upheld the reassessment proceedings initiated on information wings with respect to accommodation entry. The assessee Vilson Roofing Products Pvt. Ltd filed its return of income declaring NIL
No Plans to revise Tax on LTCG, reveals Revenue Secretary Sanjay Malhotra
The Revenue Secretary Sanjay Malhotra, on February 4, 2024, stated that there are presently no intentions by the government to simplify the Long Term Capital Gains ( LTCG ) Tax. During an interview, Malhotra highlighted
Disallowance made on basis of delayed filing of GST return without vouching exact amount of GST discharged by extended due date: ITAT Directs readjudication [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) observed that disallowance made on the basis of delayed filing of Goods and Service Tax return without vouching the exact amount of GST discharged by extended due
ITAT allows Deduction on Investment made for Mosque constructed used for Religious purposes in Residential Property u/s 54F of Income Tax Act [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has permitted a deduction for the investment made in the construction of a mosque utilized for religious purposes within a residential property under
Transaction done through Bombay Stock Exchange on STT cannot be considered as Sham or Bogus Transaction: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Transaction done through Bombay stock exchange on Securities Transaction Tax ( STT ) cannot be considered as sham or bogus transaction
ITAT Weekly Round-Up
The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from January 19, 2024 to January 27, 2024 are analytically summarized in this Round-Up. Live Rights” not “Copyright”, any
Supreme Court and High Courts Weekly Round-Up
This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from January 20 to January 26, 2024 of 2024. Google-CCI Dispute:
Reassessment Notice issued to a Dead Person u/s 148 of Income Tax Act is Null and Void : MP HC quashes Notice [Read Order]
The Madhya Pradesh High Court has ruled that the reassessment notice issued under Section 148 of the Income Tax Act, 1961, to a deceased individual is 'Null and Void'. Nevertheless, the court has granted the