ITC

Fake GST ITC Claim - GST - ITC - ITC Claim - Fake GST - Maharashtra GST Dept - GST Department - Contractor - Taxscan

Fake GST ITC Claim: Maharashtra GST Dept Arrests Contractor

February 7, 2023

Violation of Natural Justice - Madhya Pradesh High Court - notice - GST - ITC - ITC Credit - Claim - taxscan

Violation of Natural Justice and HC Order: Madhya Pradesh HC quashes Post-decision hearing notice of disallowance of GST ITC Credit Claim [Read Order]

February 7, 2023

GST - Portals - Tax - Litigations - TAXSCAN

GST Portal’s New Automated Notices may lead to Unnecessary Tax Litigations: Know Why!

February 6, 2023

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Tax Payment Delayed due to failure of Designated Committee to issue Sanction in an Electronic Form SVLDRS-3,No Interest on Tax Dues: Bombay HC [Read Order]

February 8, 2023

Recently, the High Court (HC)of Bombay has held that no interest shall be paid by the assessee when the respondent failed to issue thesanction through an electronic form SVLDRS -3 under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS). Virtusa Systems (India) Private Limited, the Petitioner challenged the action of the Respondent /Designated Committee […]

No TDS on Software Trading If Sales Tax is Already Remitted: ITAT [Read Order]

February 8, 2023

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that no tax is required to be deducted at source on software trading if sales tax is already remitted. Assessee Techknowledgy Interactive Partners P. Ltd is a private limited company engaged in the business of trading in software and software products. They filed the […]

Completion - Investigation - Condition - Eligibility - SVLDR Scheme - SVLDR Scheme 2019 - Bombay High Court - Taxscan

Completion of Investigation not a Condition Precedent for Eligibility under SVLDR Scheme 2019: Bombay HC [Read Order]

February 7, 2023

In a recent judgement, the High Court (HC) of Bombay has held that the completion of the Investigation is not a condition precedent for eligibility under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Access Platform Equipments Limited, the Petitioner had applied under seeking benefit thereunder SVLDR Scheme 2019 which has been denied to the […]

Revision Jurisdiction - Conjectures - Suspicions - ITAT - Income Tax - Tax - Taxscan

Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]

February 7, 2023

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), observed that initiation of revision jurisdiction on mere conjectures, suspicions and surmises is invalid. The assessment in the hands of the assessee, Impact Foundation (India), for the year under consideration was completed by the AO under Section 143(3) of the Income Tax Act […]

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Tax Payment Delayed due to failure of Designated Committee to issue Sanction in an Electronic Form SVLDRS-3,No Interest on Tax Dues: Bombay HC [Read Order]

February 8, 2023

No TDS on Software Trading If Sales Tax is Already Remitted: ITAT [Read Order]

February 8, 2023

Completion of Investigation not a Condition Precedent for Eligibility under SVLDR Scheme 2019: Bombay HC [Read Order]

February 7, 2023

Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]

February 7, 2023

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