You can Avail Interest on GST Appellate Authority and Appellate Tribunal Appeal Pre-Deposits! Know Why S. 115 GST Act could Backfire for the Government
Supposedly, a taxpayer (appellant) disagrees with a decision made by the tax authorities and files an appeal with the Appellate Authority or the Appellate Tribunal. To file the appeal, the taxpayer might be required to
Failure to Process GST Refund Claim within Statutory Time Period: Delhi HC directs Refund within Two weeks [Read Order]
Recently, The Delhi High Court has directed the appropriate officer to expedite the refund process for a petitioner who sought the Court to direct the refund a sum of Rs.81,79,52/- under section 54 of the
Govt lowers Windfall Tax on Petroleum Crude by Rs. 2,700 per Tonne
The Central Government has revised the windfall tax on petroleum crude, reducing it from Rs. 8,400 to Rs. 5,700 per tonne, effective May 16th, 2024, marking a significant decrease of Rs. 2,700. This adjustment follows
Relief to EMBIO Ltd: Supreme Court rules S. 11(2) of FT Act Does Not Authorise Penalty Imposition for Export Obligation Breach under Licence [Read Judgement]
The Supreme Court, while granting relief to EMBIO Ltd ruled that penalty cannot be imposed under Section 11(2) of the Foreign Trade (Development and Regulation) Act, 1992 for not fulfilling the export obligation. The Section
Powers u/s 127 of Income Tax can be invoked for Public Interest, Administrative Convenience and Meaningful Assessment: Delhi HC [Read Order]
The Delhi High Court clarified that powers under Section 127 of the Income Tax Act, 1961, can be invoked for public interest, administrative convenience, and meaningful assessment. The present writ petitions, at the instance of
Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, specifying that interest on income tax refund would be categorized as taxable interest income under Article
Kerala HC Halts Coercive Recovery Measures, Orders Swift Appeal Resolution for Co-operative Bank, Prevents Undue Financial Hardship [Read Order]
The Kerala High Court has ordered an immediate halt to coercive recovery measures by the income tax authorities against the Pallickal Naduvilemuri Service Co-operative Bank Ltd. The ruling comes as a relief to the petitioner
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
Kerala HC Allows Pursuit of Statutory Appeal Despite Writ Petition Dismissal, Citing Timely Filing of Petition Within Appeal Period [Read Order]
The Kerala High Court has upheld the right to pursue justice by allowing the pursuit of a statutory remedy of appeal, despite the dismissal of a writ petition. This decision ensures access to legal remedies
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: Office Superintendent Dies of Suffocation
An Income Tax superintendent died due to suffocation after the fire outbreak in the Delhi Income Tax Office on 14th May 2024. The 46 year old man, discovered unconscious at the scene and despite efforts,
“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,
Labelling or Re-labelling Cartons Constitute ‘Manufacture’ under Central Excise Act for Cenvat Credit and Rebate: Supreme Court [Read Judgement]
The Supreme Court has ruled that the labelling or re-labelling or putting additional labels to the containers amounted to ‘Manufacture’ for Cenvat Credit and rebate under Central Excise Act, 1944. The apex court, by this