Provisions of Deemed Dividend u/s 2(22)(e) of Income Tax Act can only be invoked against Shareholder: ITAT [Read Order]
An estimated addition of 10% (Rs.48,53,306/-) to the assessee's income was made due to lacking account books and vouchers. The Commissioner of Income Tax (Appeals) examined and deleted the addition upon the assessee's appeal. The
No Income Tax payable on Amount of Profit Transferred u/s 29(2)of SIDBI Act: Supreme Court Grants Leave [Read Order]
The Supreme Court of India has granted leave in the case that arose out of the impugned final judgment and order date passed by the High Court Of Judicature At Bombay wherein it held that
Daughter can be “Karta” of HUF and represent HUF before Competent Authorities including Tax Depts: Delhi HC [Read Order]
The Delhi High Court has held that daughters can be “Karta” of Hindu Undivided Family (HUF) and represent the HUF before the competent authorities like tax departments. The present Appeal has been preferred by the
Final Assessment should be passed by AO in accordance with Directions issued by DRP on filing of Objections against Draft Assessment Order within Time Limit: Delhi HC [Read Order]
The Delhi High Court recently ruled that the final assessment should be passed by the Assessing Officer (AO) in accordance with directions issued by DRP on filing of objections against draft assessment order within time
CBIC extends Imposition of Anti-Dumping Duty on Synthetic Grade Zeolite to Imports from Thailand and Iran [Read Order]
The Central Board of Indirect Taxes and Customs (CBIC) has extended the imposition of Anti-Dumping Duty on Synthetic Grade Zeolite to imports from Thailand and Iran. The Directorate General of Foreign Trade (DGFT), under Case
Relief to Goa Carbon: SC Condones Delay in filing SLP
The Supreme Court of India condoned delay in filing special leave petition, thereby granting relief to Goa Carbon Limited. The present SLP arose out of impugned final judgment and order dated 31-07-2023 in TA No.
Relief to Vodafone India: SC dismisses Income Tax Appeal filed with Delay of 2472 days [Read Order]
The Supreme Court of India dismissed the Income Tax Appeal filed with a delay of 2472 days, thereby granting relief to M/s Vodafone Idea Limited. The SLP arose out of impugned final judgment and order
Setback to Hindustan Coca Cola Beverages: Limitation u/s 17D of KGST Act Not Applicable to Pre-Assessment Notice, rules Kerala HC [Read Order]
The Kerala High Court has held that limitation under Section 17(D) of the Kerala General Sales Tax Act is not applicable to the notice of pre-assessment issued against the petitioner under the instructions of the
Kerala HC rejects Contention of non-receipt of Notice, upholds Reopening of Assessment against Co-Op Society [Read Order]
In a significant ruling, the Kerala High Court dismissed a writ petition challenging the assessment order and demand related to the assessment year 2016-2017. The petitioner, a cooperative society, failed to file returns for the
Are you a Builder? Know the GST on Construction Services
Construction is a complex process involving planning, design, and financing and continues until the structure is ready for occupancy. Far from being a single activity, large-scale construction is a feat of human multitasking.  The process
525 Days Delay in filing SLP by Income Tax Commissioner: Supreme Court Dismisses SLP [Read Order]
The Supreme Court dismissed the Special Leve Petition filed with a delay of 525 days. The SLP arose out of impugned final judgment and order passed by the High Court Of Judicature at Bombay The
Offence u/s 276 CC of Income Tax Act Not Attract in absence of Tax Evasion: Supreme Court Dismisses SLP [Read Order]
The Supreme Court dismissed the Special Leave Petition (SLP) which arose out of the impugned final judgment and order passed by the High Court of Judicature at Madras wherein the court held that offence under
Congress MP Dheeraj Sahu in Trouble, Income Tax Raid Seizures cross 350 Cr
The unaccounted cash discovered at locations associated with Congress c MP Dhiraj Sahu has surged to ₹353 crore as the final tally concluded on Sunday. This cash discovery, totaling over ₹350 crore in 176 bags,
Extraordinary Jurisdiction under Article 226 cannot be Invoked When Assessee Failed to File Statutory Appeal under GST Act: Patna HC [Read Order]
The Patna High Court has held that extraordinary jurisdiction under Article 226 of the Constitution of India cannot be invoked when the assessee fails to file a statutory appeal before the Central Goods and Service
GST Case Digest Series: High Court Tax Cases, 2020 Part 2
GST is known as the Goods and Services Tax which is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service