![Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Show-Cause-Notice-GST-GST-SCN-Goods-and-Services-Tax-Section-73-GST-Act-GST-assessment-taxscan.jpg "Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]")
Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]
The Karnataka High Court has declared that issuing a single consolidated Show Cause Notice ( SCN ) under Section 73 of the Goods and Services Tax (...
![GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-GST-Dept-SCN-Show-cause-notice-Karnataka-High-Court-GST-registration-taxscan.jpg "GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]")
![Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Income-Tax-Department-Section-275-Income-Tax-Act-Income-Tax-taxscan.jpg "Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]")
![Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Reports Authenticity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CA-Chartered-Accountant-Tax-Audit-Karnataka-High-Court-Karnataka-HC-income-tax-audit-report-taxscan.jpg "Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Reports Authenticity [Read Order]")
Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Society's 80P Deduction Eligibility [Read Order]
Recently, the Bangalore bench of Income Tax Appellate Tribunal (ITAT) ordered the reevaluation of a Co-Operative Society’s income tax deduction eligibility under section 80P of the Income Tax Act...
![Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Interest-Income-Interest-Income-Verification-ITAT-Co-op-Society-Co-op-Societys-80P-Deduction-Eligibility-Incomplete-Interest-Income-Verification-ITAT-Orders-Revaluation-income-tax-tax-news-taxscan.jpg "Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]")
Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]
The Karnataka High Court has dismissed an Income Tax appeal filed by the Principal Commissioner of Income Tax due to the tax effect being below the Rs.1 Crore threshold. However, the court left the...
![Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-CBDT-CBDT-Circular-Income-Tax-Revival-of-Income-Tax-appeals-Principal-Commissioner-of-Income-Tax-taxscan.jpg "Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]")
Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]
The Karnataka High Court recently held that omission to reply to the first Show-Cause Notice (SCN) issued to an Assessee by the Revenue Department does not constitute malintent to suppress facts in a...
![Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-HC-Service-Tax-SCN-Karnataka-High-Court-Show-Cause-Notice-payment-of-Service-Tax-initial-Service-Tax-taxscan.jpg "Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]")
Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]
The Karnataka High Court in a recent Judgment disposed of 31 Central Excise Appeals pertaining to the same subject matter. The High Court ruled that Trust Funds cannot be categorized as a ‘Juridical...
![Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-Karnataka-HC-Service-Tax-Demand-Venture-Capital-TAXSCAN.jpg "Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]")
Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]
The Karnataka High Court in a recent decision permitted the Tax Exemptions availed by an Assessee on Surplus Funds parked in Fixed Deposits ( FDs ) of banks as per the stipulations of Section 10AA of...
![Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Karnataka-High-Court-SEZ-Exports-TAXSCAN.jpg "Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]")
Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]
The Karnataka High Court ruled in a recent Income Tax Appeal before it, that limitation on the basis of ‘Reasonable Time Limit’ under Section 201 of the Income Tax Act, 1961 applies to Non-Residents...
![Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Relief-MPhasis-Ltd-Reasonable-Time-Limit-Income-Tax-Act-Non-Residents-Karnataka-HC-taxscan.jpg "Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]")