![Reassessment Triggered by 175% Spike in Penny Stock Gains Allegedly Manipulating Capital Gains: Madras HC Quashes S. 148 Notice Issued Beyond Limitation [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/500x300_2041351-reassessment-triggered-penny-stock-gains-allegedly-manipulating-capital-gains-taxscan.webp "Reassessment Triggered by 175% Spike in Penny Stock Gains Allegedly Manipulating Capital Gains: Madras HC Quashes S. 148 Notice Issued Beyond Limitation [Read Order]")
Reassessment Triggered by 175% Spike in Penny Stock Gains Allegedly Manipulating Capital Gains: Madras HC Quashes S. 148 Notice Issued Beyond Limitation [Read Order]
The Madras High Court has quashed a reassessment notice issued under Section 148under Income Tax Act, 1961 on the ground of limitation, despite the...
![GST Appeal Filing Delayed due to Confusion in GST Rate: Madras HC Orders Department to Hear Govt Civil Contractor’s Case [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/250x150_2041182-gst-gst-appeal-delay-in-filing-appeal-taxscan.webp "GST Appeal Filing Delayed due to Confusion in GST Rate: Madras HC Orders Department to Hear Govt Civil Contractor’s Case [Read Order]")
![100% EOU Can Carry Forward Accumulated CENVAT Credit Upon De-bonding to DTA Unit: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/250x150_2041232-eou-cenvat-credit-de-bonding-dta-unit-cestat-taxscan.webp "100% EOU Can Carry Forward Accumulated CENVAT Credit Upon De-bonding to DTA Unit: CESTAT [Read Order]")
![Challenge against order passed by Liquidator is Appealable under IBC : Madras HC Dismisses Writ petition [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/250x150_2041195-madras-high-court-ibc-taxscan.webp "Challenge against order passed by Liquidator is Appealable under IBC : Madras HC Dismisses Writ petition [Read Order]")
GST Notices Must Be Effectively Served: Madras HC Says RPAD Required If No Response to Portal Upload [Read Order]
The Madras High Court ruled that GST ( Goods and Services Tax ) notices must be effectively served, and held that if there is no response to a notice uploaded on the GST portal, the authorities are...
![GST Notices Must Be Effectively Served: Madras HC Says RPAD Required If No Response to Portal Upload [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/500x300_2041166-gst-gst-notice-madras-high-court-taxscan.webp "GST Notices Must Be Effectively Served: Madras HC Says RPAD Required If No Response to Portal Upload [Read Order]")
Supreme Court Stays Madras HC Order Allowing Income Tax Reassessment Against Dalmia Bharat and Subsidiaries [Read Judgement]
In a recent development, the Supreme Court of India granted a stay in favour of Dalmia Bharat Limited and its subsidiaries, Dalmia Cement (Bharat) Limited and Dalmia Power Limited, against the...
Income Tax AO Can Grant Relief u/s 220(6) Even Below 20% Tax Deposit: Madras HC Remands Matter [Read Order]
The Madras High Court has clarified that an Assessing Officer ( AO ) is empowered to grant relief under Section 220(6) of the Income Tax Act, 1961, even when the assessee has deposited pre-deposit...
S.74 GST Demand Order issued Ex Parte : Madras HC provides Date and Exact Time to Appear for Hearing [Read Order]
The Madras High Court has set aside an ex parte GST demand order passed under Section 74 of the Tamil Nadu Goods and Services Tax ( TNGST ) Act, citing lack of adequate opportunity for hearing. ...
Entire GST Demand Confirmed Without Considering 58% Paid via ECRL: Madras HC Directs Reconsideration [Read Order]
In a recent decision, the Madras High Court set aside a GST assessment order after finding that the GST authorities failed to consider a substantial payment already made by the petitioner...
No GST Input Mismatch Details or Hearing Given: Madras HC directs to Re-do Assessment Order on 10% Deposit [Read Order]
The Madras High Court has quashed a Goods and Services Tax ( GST ) assessment order on the ground that the petitioner was not provided with the details of the alleged input tax credit ( ITC )...
