![Credit Cannot Be Blocked In Electronic Credit Ledger in Absence of Availability of Sufficient Balance: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-Hih-Court-Electronic-Credit-Ledger-Credit-Cannot-Be-Blocked-Insufficient-funds-in-ledger-Credit-blocking-without-sufficient-balance-taxscan.jpg "Credit Cannot Be Blocked In Electronic Credit Ledger in Absence of Availability of Sufficient Balance: Gujarat HC [Read Order]")
Credit Cannot Be Blocked In Electronic Credit Ledger in Absence of Availability of Sufficient Balance: Gujarat HC [Read Order]
The Gujarat High Court in a recent case ruled that there cannot be any blocking of the credit in electronic credit ledger if there is no sufficient...
![Gujarat High Court directs to Avoid Pedantic Approach while considering Petition u/s. 119(2)(b) Income Tax Act, Condones 1 Year Delay in Filing Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-High-Court-Income-Tax-Act-Income-Tax-Income-tax-filing-Income-tax-return-delay-condonation-taxscan.jpg "Gujarat High Court directs to Avoid Pedantic Approach while considering Petition u/s. 119(2)(b) Income Tax Act, Condones 1 Year Delay in Filing Return [Read Order]")
![Assessee Not Required To Produce Documents When AO Accepted Co-Owner’s Indexed Renovation Expenses in Income Tax Assessment order: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Gujarat-High-Court-Income-Tax-Assessment-order-Indexed-Renovation-Expenses-taxscan.jpg "Assessee Not Required To Produce Documents When AO Accepted Co-Owner’s Indexed Renovation Expenses in Income Tax Assessment order: Gujarat HC [Read Order]")
![No Adjustments required for Intangible Asset Amortization u/s 115JB: ITAT rules for Sun Pharma Labs Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Sun-Pharma-Labs-Ltd-Taxscan.jpg "No Adjustments required for Intangible Asset Amortization u/s 115JB: ITAT rules for Sun Pharma Labs Ltd. [Read Order]")
Issuance of Pre' Consultation Notice in Form DRC 01A is not Compulsory from 15 th October, 2020: Gujarat HC [Read Order]
In a recent case, the Gujarat High Court held that issuance of Pre' Consultation notice in Form DRC 01A is not compulsory from 15 th October, 2020. The court viewed that though the requirement of...
Relief to Adani Wilmar: Notional Guarantee Income Increasing Investment Cost cannot be Treated as Actual Income, Rules ITAT [Read Order]
In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that that notional guarantee increasing investment cost cannot be treated as actual income. The...
![Relief to Adani Wilmar: Notional Guarantee Income Increasing Investment Cost cannot be Treated as Actual Income, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Relief-to-Adani-Wilmar-Notional-Guarantee-Income-Increasing-Investment-Cost-Treated-Actual-Income-ITAT-taxscan.jpg "Relief to Adani Wilmar: Notional Guarantee Income Increasing Investment Cost cannot be Treated as Actual Income, Rules ITAT [Read Order]")
Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]
In a recent case, the Gujarat High Court criticized the GST authorities over their failure to comply with two years old guidelines issued in Aggrawal Dyeing & Printing vs. State of Gujarat...
![Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Gujarat-High-Court-Gujarat-HC-GST-GST-Registration-GST-Registration-Cancellation-taxscan.jpg "Failure to Comply 2 Year Old Guidelines for Cancelling GST Registration: Gujarat HC criticizes GST Authority [Read Order]")
Uncooked Extruded Snack Pellets attract 5% GST: Gujarat HC quashes SCN raising 18% GST Demand against Food Products Manufacturer [Read Order]
In a recent ruling, the Gujarat High Court quashed a Show Cause Notice (SCN) issued against J.K. Papad Industries, which had demanded an 18% Goods and Services Tax (GST) on the supply of uncooked...
![Uncooked Extruded Snack Pellets attract 5% GST: Gujarat HC quashes SCN raising 18% GST Demand against Food Products Manufacturer [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Uncooked-Extruded-Snack-Pellets-GST-Gujarat-HC-SCN-GST-Demand-Food-Products-Manufacturer-taxscan.jpg "Uncooked Extruded Snack Pellets attract 5% GST: Gujarat HC quashes SCN raising 18% GST Demand against Food Products Manufacturer [Read Order]")
CENVAT Credit on Input Services Not Reversible for Unsold Flats After Receipt of Completion Certificate: CESTAT [Read Order]
In a recent ruling, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) of Mumbai held that CENVAT credit on input services are not reversible for unsold flats after receiving completion...
![CENVAT Credit on Input Services Not Reversible for Unsold Flats After Receipt of Completion Certificate: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Appellate-Tribunal-stock-in-trade-notional-ALV-notional-Annual-Letting-Value-business-income-Taxscan.jpg "CENVAT Credit on Input Services Not Reversible for Unsold Flats After Receipt of Completion Certificate: CESTAT [Read Order]")
![Unverified Sellers: ITAT upholds 20% Addition on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Jaipur-Income-Tax-Appellate-Tribunal-Income-Tax-bogus-purchases-Unverified-sellers-taxscan.jpg "Unverified Sellers: ITAT upholds 20% Addition on Alleged Bogus Purchases [Read Order]")
CIT(A) issues 5 Income Tax Notices within 40 days, Fails to Consider Facts filed in Form 35: ITAT directs Fresh Adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) directed fresh adjudication after finding that the Commissioner of Income Tax (Appeals) [CIT(A)] had issued five notices within 40 days...
![CIT(A) issues 5 Income Tax Notices within 40 days, Fails to Consider Facts filed in Form 35: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Income-Tax-Commissioner-of-Income-Tax-Form-35-Fresh-Adjudication-taxscan-1.jpg "CIT(A) issues 5 Income Tax Notices within 40 days, Fails to Consider Facts filed in Form 35: ITAT directs Fresh Adjudication [Read Order]")