![Assessee Forgot to Claim Long Term Capital Loss in Income Tax Return: Gujarat HC directs to seek Revision u/s 264 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Income-Tax-Return-Income-Tax-Act-Long-Term-Capital-Loss-TAXSCAN.jpg "Assessee Forgot to Claim Long Term Capital Loss in Income Tax Return: Gujarat HC directs to seek Revision u/s 264 [Read Order]")
Assessee Forgot to Claim 'Long Term Capital Loss' in Income Tax Return: Gujarat HC directs to seek Revision u/s 264 [Read Order]
The Gujarat High Court in a recent case directed the assessee, who failed to claim 'Long Term Capital Loss' in its Income Tax return, to seek...
![Document Name being ‘Debit Note is no Reason to Deny CENVAT Credit to Vodafone: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Allahabad-Customs-Vodafone-CENVAT-Credit-TAXSCAN.jpg "Document Name being ‘Debit Note is no Reason to Deny CENVAT Credit to Vodafone: CESTAT [Read Order]")
![GST Registration Cancelled without Providing any Reason: Gujarat HC remands GST matter to AO at SCN Stage [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-High-Court-GST-Gujarat-HC-GST-Registration-Show-Cause-Notice-GST-cancellation-taxscan.jpg "GST Registration Cancelled without Providing any Reason: Gujarat HC remands GST matter to AO at SCN Stage [Read Order]")
![Summary Order issued without accompanying Detailed Order u/s 73 or 74 of GST Act: Gujarat HC quashes Order lifting Bank Attachment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-HC-Gujarat-High-Court-Gujarat-HC-quashes-Order-lifting-Bank-Attachment-Bank-Attachment-Summary-Order-issued-Summary-Order-taxscan.jpg "Summary Order issued without accompanying Detailed Order u/s 73 or 74 of GST Act: Gujarat HC quashes Order lifting Bank Attachment [Read Order]")
IGST on Ocean Freight cannot be Levied on FOB Transactions also: Gujarat HC Draws on Mohit Mineral's Precedent in Ruling [Read Order]
The Gujarat High Court has held that Integrated Goods and Services Tax ( IGST ) on ocean freight cannot be levied on Free on Board ( FOB ) transactions also, drawing on decision with the precedent...
![Cotton Seed Oil Cake Supply for Cattle Feed Exempted from GST: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Cotton-Seed-Oil-Cake-GST-Exemption-GST-Exemption-Gujarat-High-Court-Cattle-Feed-GST-Exemption-GST-on-animal-feed-taxscan.jpg "Cotton Seed Oil Cake Supply for Cattle Feed Exempted from GST: Gujarat High Court [Read Order]")
Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]
In a significant ruling, the Gujarat High Court has held that Income tax recovery proceedings cannot initiate during pendency of appeals before Commissioner Of Income Tax ( Appeals ) (...
![Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-High-Court-Income-Tax-CITA-Taxscan.jpg "Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]")
SVLDR Scheme Applies to any SCNs for Penalty/Late Fee Regardless of Adjudication or Appeal: Gujarat HC rules in Favour of UltraTech [Read Order]
In a ruling in favour of UltraTech Cements, the Gujarat High Court has held that Sabka Vishwas ( Legacy Dispute Resolution ) Scheme, 2019 ( SVLDRS ) is applicable to any show cause notice ( SCN ) for...
Once Cash Withdrawals are Proven, Burden Shifts to Income Tax Dept to Disprove their Use for Deposits: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that once cash withdrawals were proven, the burden shifts to the Income Tax Department to Disprove these funds were not available...
![Once Cash Withdrawals are Proven, Burden Shifts to Income Tax Dept to Disprove their Use for Deposits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Cash-Withdrawal-Income-Tax-Dept-Income-Tax-Income-Tax-Dept-disproving-deposits-Taxscan.jpg "Once Cash Withdrawals are Proven, Burden Shifts to Income Tax Dept to Disprove their Use for Deposits: ITAT [Read Order]")
Notice issued u/s 148A(B) of Income Tax Act against dissolved Firm Is Invalid: Gujarat HC [Read Order]
In a recent case, the Gujarat High Court held that notice issued under section 148A(b) of the Income Tax Act, 19861 against dissolved firms is not valid. Section 148A(b) of the Income Tax Act, 1961,...
![Notice issued u/s 148A(B) of Income Tax Act against dissolved Firm Is Invalid: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-High-Court-Income-Tax-Section-148AB-of-Income-Tax-Act-Income-Tax-Act-Dissolved-firm-tax-notice-Taxscan.jpg "Notice issued u/s 148A(B) of Income Tax Act against dissolved Firm Is Invalid: Gujarat HC [Read Order]")
S. 68 of Income Tax Act not Invokable in absence of unexplained Amount in Bank Statement: Gujarat HC [Read Order]
In a recent case, the Gujarat High Court stated that there cannot be any income escapement by the assessee if there is no unexplained amount in the bank statement on record. The Court found that the...
![S. 68 of Income Tax Act not Invokable in absence of unexplained Amount in Bank Statement: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Gujarat-High-Court-Income-Tax-Act-Section-68-of-Income-Tax-Act-TAXSCAN.jpg "S. 68 of Income Tax Act not Invokable in absence of unexplained Amount in Bank Statement: Gujarat HC [Read Order]")