Bank have Priority over Tax Dues: Hyderabad HC allows SBI to claim Income Tax Refund credited to Defaulters [Read Judgment]

The High Court of Hyderabad upheld the claim of the State Bank of India (SBI) over the income tax refund credited in the defaulters’ bank account with them and held that bank credits have priority...

GST: Interest payable on Total Tax Liability including a portion of which is liable to be set-off against ITC, says Hyderabad HC [Read Judgment]

A two-judge bench of the Hyderabad High Court has held that the interest under section 50 of the Central GST Act, 2017 is payable on the total tax liability including a portion of which is...

Income Tax Department can’t Recover Dues during Liquidation Process under IBC: Hyderabad HC [Read Judgment]

A division bench of the Hyderabad High Court has held that an order of attachment of the subject property by the Income Tax department cannot affect the completion of the sale effected by the liquidator...

Life Time Tax on Vehicles Should be levied on Invoice Price: Hyderabad HC [Read Order]

The Hyderabad High Court has given tax relief to automobile lovers. The High Court in its recent judgement has held that the Life Time Tax charged on a vehicle should be levied on the actual...

Providing Assistance to Banks and Financial Institutions for Fee can be treated as for ‘Charitable Purpose’: Hyderabad HC [Read Judgment]

The High court of Hyderabad recently held that providing aid to banks and financial institution for fee can be treated as charitable purpose for which exemption is available under the provisions of the Income Tax...

Revisional Authority shall give an Opportunity to Rectify the Defects before Rejecting C Forms on Ground of Discrepancies: Hyderabad HC [Read Order]

In Srinidhi Oil Products Ltd v. Additional Commissioner (CT), the Hyderabad High Court held that the revisional authority is duty-bound to give an opportunity to Rectify the Defects before Rejecting C Forms on ground of...

Assessee denies Ownership & Sale of Property: Hyderabad HC Permits IT Dept to Proceed against All Persons who had Title over the Property

Recently, in Uppada Sarvani v. ITO, the Hyderabad High Court held that Capital Gain Tax cannot be levied when assessee denies ownership and sale. While deleting Assessment and penalty proceedings initiated against the assessee under the...

Sale of Business as a Going Concern would not attract VAT: Hyderabad HC [Read Judgment]

The division bench of the Hyderabad High Court in M/s. Paradise Food Court v. state of Telangana, held that VAT cannot be imposed on the sale of business as a going concern under the provisions...

Service Tax on Sale of Liquor: Hyderabad HC grants Interim relief to AP Beverages Co.

In a major relief to the Andhra Pradesh Governement, the Hyderabad High Court allowed interim relief against the Centre’s Service Tax demand on AP Beverages for the sale of liquor. In a notice send to...

Levy of different rates of Entertainment Tax on Telugu and Non-Telugu Films is Constitutionally valid: Hyderabad HC

The division bench of the Hyderabad High Court recently given nod to the Andhra Pradesh Government’s decision to levy 10% Entertainment Tax on Telugu films and 24% tax on Non-Telugu films produced outside the State....