Additional GST Liability on Mismatch in GSTR -1 and GSTR-3B: CBIC notifies GST Amended Rules
The Central Board of Indirect Taxes and Customs, amongst laying down procedures to meet the recommendations from the 48th GST Council Meeting, has...
![Cessation of Trading liability u/s 41(1) (a) is not valid in the presence of details of Outstanding Creditors: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cessation-of-Trading-liability-Outstanding-Creditors-Calcutta-HC-TAXSCAN.jpg "Cessation of Trading liability u/s 41(1) (a) is not valid in the presence of details of Outstanding Creditors: Calcutta HC [Read Order]")
![Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Shares-Merchant-Banker-Computation-of-Perquisite-TDS-Liability-ITAT-taxscan.jpg "Value of Shares Determined by Merchant Banker shall be Taken for Computation of Perquisite and TDS Liability: ITAT [Read Order]")
![GST Evasion by availing Input Tax Credit worth Rs. 8.76 Crores from non-existent Firms: Allahabad HC grants Bail to accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Evasion-Input-Tax-Credit-Allahabad-HC-Bail-TAXSCAN.jpg "GST Evasion by availing Input Tax Credit worth Rs. 8.76 Crores from non-existent Firms: Allahabad HC grants Bail to accused [Read Order]")
![Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Account-Presumptive-Scheme-ITAT-taxscan.jpeg "Assessee has no liability to maintain Books of Account when availed the Presumptive Scheme u/s 44AD: ITAT [Read Order]")
Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that remission of liability by order of the Board for Industrial and Financial Reconstruction (BIFR) is a capital liability, and...
![Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Liability-BIFR-Capital-Liability-Tax-Business-Income-ITAT-Taxscan.jpeg "Remission of Liability by order of BIFR is a Capital Liability, cannot be brought to Tax as Business Income: ITAT [Read Order]")
Relief to ONGC: No TDS liability in absence of use of Patent/Copyright against Royalty paid, rules ITAT [Read Order]
In a significant ruling in the case of ONGC, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that TDS liability does not arise in the absence of use of patent or copyright...
![Relief to ONGC: No TDS liability in absence of use of Patent/Copyright against Royalty paid, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ONGC-TDS-liability-patent-copyright-royalty-paid-ITAT-taxscan.jpg "Relief to ONGC: No TDS liability in absence of use of Patent/Copyright against Royalty paid, rules ITAT [Read Order]")
Mere Non-Mentioning of Words/Phrase not constitute Suppression of Material Facts: CESTAT sets aside Order confirming Differential Duty Demand [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that mere non-mentioning of words or phrases does not constitute suppression of material facts and set-asides order...
![Mere Non-Mentioning of Words/Phrase not constitute Suppression of Material Facts: CESTAT sets aside Order confirming Differential Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Material-Facts-Duty-Demand-CESTAT-taxscan.jpeg "Mere Non-Mentioning of Words/Phrase not constitute Suppression of Material Facts: CESTAT sets aside Order confirming Differential Duty Demand [Read Order]")
Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to L'Oreal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai has granted relief to L’Oreal India Private Limited and held that expenses cannot be disallowed solely due to non-receipt of invoices. The...
![Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to LOreal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenses-Invoices-ITAT-LOreal-taxscan.jpeg "Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to LOreal [Read Order]")
Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has held that warranty expenses claimed under a provisional basis are not an unascertained liability and set-asides order disallowing provisional...
![Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Warranty-Expenses-Unascertained-Liability-ITAT-Provisional-Warranty-Expenses-Taxscan.jpg "Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]")
Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act: Madras HC sets aside Assessment Order [Read Order]
The Madurai Bench of Madras High Court presided by Mr. Justice M. Nirmal Kumar has held that demand of tax, interest, and penalty in Form DRC-01A without the issue of notice u/s 74(1) Tamil Nadu...
![Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act: Madras HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Demand-of-Tax-Interest-Penalty-DRC-01A-Notice-TNGST-Act-Madras-Assessment-Order-Taxscan-.jpeg "Demand of Tax, Interest, and Penalty in Form DRC-01A without issue of Notice u/s 74(1) TNGST Act: Madras HC sets aside Assessment Order [Read Order]")