![Reply to Communication issued for TRAN 1 Verification as per Section 76 of CGST Act [Find Draft Format Here]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-Goods-and-Services-Tax-TRAN-1-verification-reply-format-Section-76-of-CGST-Act-TAXSCAN.jpg "Reply to Communication issued for TRAN 1 Verification as per Section 76 of CGST Act [Find Draft Format Here]")
Reply to Communication issued for TRAN 1 Verification as per Section 76 of CGST Act [Find Draft Format Here]
The Goods and Services Tax ( GST ) regime was introduced in 2017, marking a transformative era in the indirect taxation landscape of the nation. The...
![Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]")
![ITAT Quashes Tata’s Penalty Notice u/s 271(1)(c) Due to AOs Vague Justification & Non-Application of Mind [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Penalty-Notice-TATA-Quashes-Penalty-Notice-Vague-Justification-Assessinf-Officer-Taxscan.jpg "ITAT Quashes Tata’s Penalty Notice u/s 271(1)(c) Due to AOs Vague Justification & Non-Application of Mind [Read Order]")
![Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Supreme-Court-Income-Tax-Deduction-stock-in-trade-Broken-Period-Interest-TAXSCAN.jpg "Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]")
IBBI denies Data of IBC Violation Cases in RTI, says cannot Disproportionately Divert Resources [Read Order]
The Executive Director and First Appellate Authority of the Insolvency and Bankruptcy Board Of India ( IBBI ) in a recent matter held that the resources of the IBBI cannot be disproportionately...
5% GST Leviable on Specific Essential Inputs including equipment, material, consumables, tools etc., Purchased Domestically or Imported for Ship Manufacturing: AAR [Read Order]
The Andhra Pradesh Authority for Advance Ruling ( AAR ) recently ruled that certain specific inputs including equipment, material, consumables, tools etc. (Inputs) purchased domestically or imported...
![5% GST Leviable on Specific Essential Inputs including equipment, material, consumables, tools etc., Purchased Domestically or Imported for Ship Manufacturing: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/AAR-Andhra-Pradesh-GST-on-imported-shipbuilding-tools-GST-News-TAXSCAN.jpg "5% GST Leviable on Specific Essential Inputs including equipment, material, consumables, tools etc., Purchased Domestically or Imported for Ship Manufacturing: AAR [Read Order]")
SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]
The cost of Rs. 5 lakhs was dismissed by the Supreme Court which was imposed by the Allahabad High Court following the power abuse of the income tax department. The apex court condoned the delay,...
![SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Supreme-Court-Allahabad-High-Court-Allahabad-HC-Income-Tax-Dept-Reassessment-with-Incorrect-Information-taxscan.jpg "SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]")
CESTAT upholds Central Excise Duty Demand due to Raw Material and Finished Goods Shortage u/s 11A, confirms Liability for Penalty [Read Order]
The single bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) in Delhi, has upheld the Central Excise duty demand under Section 11A read with Section 174 of the CGST Act, 2017,...
![CESTAT upholds Central Excise Duty Demand due to Raw Material and Finished Goods Shortage u/s 11A, confirms Liability for Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Delhi-central-excise-penalty-Excise-Duty-of-Raw-Material-TAXSCAN.jpeg "CESTAT upholds Central Excise Duty Demand due to Raw Material and Finished Goods Shortage u/s 11A, confirms Liability for Penalty [Read Order]")
CESTAT Rejects Refund claim amidst Pending SCN for Interest on delayed Payment due to Post-Clearance Oil Price Variations [Read Order]
The Ahmedabad bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) has rejected the refund claim for interest on delayed payment due to post-clearance oil price variations,...
![CESTAT Rejects Refund claim amidst Pending SCN for Interest on delayed Payment due to Post-Clearance Oil Price Variations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Ahmedabad-Refund-Claim-SCN-Pending-SCN-Show-cause-notice-taxscan.jpg "CESTAT Rejects Refund claim amidst Pending SCN for Interest on delayed Payment due to Post-Clearance Oil Price Variations [Read Order]")
Delhi HC dismisses Petition Challenging Bail in Rs.200 Crore fake GST invoice Case: Statutory Bail u/s 167 Recognized as Constitutional Right [Read Order]
In a recent ruling, the Delhi High Court held that the Commissioner of Central Tax, GST Delhi (West) dismissed a petition challenging bail in a Rs. 200 crore fake GST invoice case. In this case,...
![Delhi HC dismisses Petition Challenging Bail in Rs.200 Crore fake GST invoice Case: Statutory Bail u/s 167 Recognized as Constitutional Right [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-Goods-and-Service-Tax-GST-Delhi-Fake-GST-invoice-case-bail-TAXSCAN.jpg "Delhi HC dismisses Petition Challenging Bail in Rs.200 Crore fake GST invoice Case: Statutory Bail u/s 167 Recognized as Constitutional Right [Read Order]")
[BREAKING] No Quashing of NI Act S.138 Cheque Bounce Case by HC u/s 482 CrPC without Consent of Complainant: Supreme Court [Read Judgement]
The Supreme Court recently held that High Court is bereft of the power to quash a case under Section 138 of the Negotiable Instruments Act, using the powers inherent to it under Section 482 of the...
