![‘Diversification’ is ‘Goods in different Nature’: SC denies Tax Exemption u/s 4A(5) of U.P. Trade Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Goods-Supreme-Court-Tax-Exemption-U.P.-Trade-Tax-Act-Income-Tax-taxscan.jpg "‘Diversification’ is ‘Goods in different Nature’: SC denies Tax Exemption u/s 4A(5) of U.P. Trade Tax Act [Read Order]")
‘Diversification’ is ‘Goods in different Nature’: SC denies Tax Exemption u/s 4A(5) of U.P. Trade Tax Act [Read Order]
In a recent ruling, the Supreme Court bench of Justice M.R. Shah and Justice Krishna Murari interpreted the meaning of diversification. It was...
![VAT Dept cannot Suspect Purchases Due to Minor Discrepancies in Books: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/VAT-Dept-Vat-Purchases-Minor-Discrepancies-in-Books-Allahabad-Highcourt-taxscan.jpg "VAT Dept cannot Suspect Purchases Due to Minor Discrepancies in Books: Allahabad HC [Read Order]")
![Mere not Selling of Old Batteries on Weight Basis does not attract Penalty under GST Law: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Selling-of-Old-Batteries-Old-Batteries-penalty-GST-law-penalty-under-GST-law-Allahabad-High-Court-GST-Taxscan.jpg "Mere not Selling of Old Batteries on Weight Basis does not attract Penalty under GST Law: Allahabad HC [Read Order]")
![Assessee cannot be denied relief under SVLDR Scheme for non-formation of Committee: Supreme Court overrules judgment of Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/SVLDR-Scheme-non-formation-Supreme-Court-judgement-Allahabad-HC-TAXSCAN.jpg "Assessee cannot be denied relief under SVLDR Scheme for non-formation of Committee: Supreme Court overrules judgment of Allahabad HC [Read Order]")
![Assessment u/s 153 A Invalid in absence of Independent Application of Mind by JCIT before granting Approval: Allahabad HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Independent-Application-Assessment-JCIT-ITAT-Allahabad-High-Court-Taxscan.jpg "Assessment u/s 153 A Invalid in absence of Independent Application of Mind by JCIT before granting Approval: Allahabad HC upholds order of ITAT [Read Order]")
Taxing Authorities and Tribunal should understand Concept of remand before applying it: Allahabad HC lashes against Commercial Tax Tribunal [Read Order]
- “The Tribunal should refrain itself from such practice of avoiding to decide the issues before it being the last fact- finding court and when all the evidence and material are before it, decision...
![Taxing Authorities and Tribunal should understand Concept of remand before applying it: Allahabad HC lashes against Commercial Tax Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Taxing-Authorities-Tribunal-Allahabad-High-Court-Commercial-Tax-Tribunal-Commercial-Tax-Tax-Taxscan.jpg "Taxing Authorities and Tribunal should understand Concept of remand before applying it: Allahabad HC lashes against Commercial Tax Tribunal [Read Order]")
Tax Demand on Undisclosed Sale not permissible when Department failed to discharge its Burden of Proof: Allahabad HC [Read Order]
The Allahabad High Court has held that the tax demand on undisclosed sales is not permissible when Department failed to discharge its burden of proof. M/S Balaji Polypack, the revisionist filed...
![Tax Demand on Undisclosed Sale not permissible when Department failed to discharge its Burden of Proof: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-demand-on-Undisclosed-Sale-Allahabad-HC-TAXSCAN.jpg "Tax Demand on Undisclosed Sale not permissible when Department failed to discharge its Burden of Proof: Allahabad HC [Read Order]")
Cancellation of Income Tax Penalty automatically quashes Criminal Proceedings u/s 276: Allahabad HC [Read Order]
A Single Bench of Allahabad High Court has recently held that criminal proceedings arising out of orders of penalty will be quashed as soon as the penalty demand is quashed. The present...
![Cancellation of Income Tax Penalty automatically quashes Criminal Proceedings u/s 276: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Penalty-Income-Tax-Tax-Penalty-Criminal-Proceeding-Allahabad-High-Court-taxscan.jpg "Cancellation of Income Tax Penalty automatically quashes Criminal Proceedings u/s 276: Allahabad HC [Read Order]")
Addition based on Unexplained Deposit becomes valid when Three conditions required u/s 68 not proved: Allahabad HC [Read Order]
The Allahabad High Court (HC) has held that an Addition based on an unexplained deposit becomes valid when Three conditions required under section 68 of the Income Tax Act,1961 are not proved. ...
![Addition based on Unexplained Deposit becomes valid when Three conditions required u/s 68 not proved: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Deposit-Allahabad-High-Court-taxscan.jpg "Addition based on Unexplained Deposit becomes valid when Three conditions required u/s 68 not proved: Allahabad HC [Read Order]")
Construction of House couldn't be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune Bench, has recently in an appeal filed before it, held that construction of house if couldn’t be completed within 3 years, the capital gain exemption...
![Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Construction-of-House-ITAT-Capital-Gain-Exemption-taxscan.jpg "Construction of House couldnt be Completed Within 3 years, ITAT denies Capital Gain Exemption under Section 54F [Read Order]")
Seriousness of Offences Alone, Not Conclusive of the Applicant's Entitlement to Bail:Â Allahabad High Court [Read Order]
The Allahabad High Court has, recently while granting bail to a GST accused, held that seriousness of the offences alone cannot be conclusive of the applicant’s entitlement to bail. The aforesaid...
![Seriousness of Offences Alone, Not Conclusive of the Applicants Entitlement to Bail:Â Allahabad High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Seriousness-Offences-Bail-Allahabad-High-Court-taxscan.jpg "Seriousness of Offences Alone, Not Conclusive of the Applicants Entitlement to Bail:Â Allahabad High Court [Read Order]")