![No Addition to Net Profit to be Made without Recomputing Trading Result u/s 145(1) of Income Tax Act: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Punjab-and-Haryana-High-Court-Section-1451-income-tax-act-Trading-result-computation-taxscan.jpg "No Addition to Net Profit to be Made without Recomputing Trading Result u/s 145(1) of Income Tax Act: Punjab & Haryana HC [Read Order]")
No Addition to Net Profit to be Made without Recomputing Trading Result u/s 145(1) of Income Tax Act: Punjab & Haryana HC [Read Order]
The Punjab and Haryana High Court observed that no Addition can be made to net profit without recomputing trading result under Section 145(1) of the...
Non Forwarding of Seized Material as early as possible is Violative of mandatory provision u/s 19 of PMLA Act: Punjab and Haryana HC [Read Order]
he Punjab and Haryana High Court held that non-forwarding of seized material as early as possible is Violative of the mandatory provision under section 19 of the Prevention of Money Laundering Act,...
Extension of Time Limit to Pass Demand Order u/s 73(10) for Wrongful Availment of ITC under CGST Act: Punjab and Haryana HC issues notice [Read Order]
The Punjab and Haryana High Court issued notice in the matter regarding the extension of time limit to pass demand order under Section 73(10) for wrongful availment of input tax credit (ITC) under...
Sufficient Explanation on Source of Investments given on HSBC Geneva Deposits: Punjab and Haryana HC quashes income tax addition [Read Order]
The Punjab and Haryana High Court quashed income tax addition under Section 69 of the Income Tax Act, 1961 as sufficient explanation on source of investments given on HSBC Geneva Deposits. The...
![Sufficient Explanation on Source of Investments given on HSBC Geneva Deposits: Punjab and Haryana HC quashes income tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Sufficient-Explanation-Source-of-Investments-given-HSBC-Geneva-Deposits-Punjab-and-Haryana-HC-income-tax-TAXSCAN.jpg "Sufficient Explanation on Source of Investments given on HSBC Geneva Deposits: Punjab and Haryana HC quashes income tax addition [Read Order]")
Relief to Mitsubishi Electric India, Failure to Consider Tax Paid on Salary Received in Indian Currency: Punjab and Haryana HC Stays Proceedings under GST Act [Read Order]
In the case of Mitsubishi Electric India, the Punjab and Haryana High Court stayed proceedings under the Goods and Service Tax (GST) Act, 2017 as the department failed to consider tax paid on salary...
![Relief to Mitsubishi Electric India, Failure to Consider Tax Paid on Salary Received in Indian Currency: Punjab and Haryana HC Stays Proceedings under GST Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Mitsubishi-Electric-India-Failure-to-Consider-Tax-Paid-Salary-Received-Indian-Currency-Punjab-and-Haryana-HC-Proceedings-GST-Act-TAXSCAN.jpg "Relief to Mitsubishi Electric India, Failure to Consider Tax Paid on Salary Received in Indian Currency: Punjab and Haryana HC Stays Proceedings under GST Act [Read Order]")
Innovative & Development Services in Pharma Exported to Germany not as Intermediary: P&H HC allows GST Refund [Read Order]
The Punjab and Haryana High Court, while allowing the Goods and Services Tax (GST) refund, held that innovation and development services in the pharma provided to a German company amounted to an...
![Innovative & Development Services in Pharma Exported to Germany not as Intermediary: P&H HC allows GST Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Innovative-Development-Services-Pharma-Exported-Germany-Intermediary-P-H-HC-GST-Refund-TAXSCAN.jpg "Innovative & Development Services in Pharma Exported to Germany not as Intermediary: P&H HC allows GST Refund [Read Order]")
Reuse of E-way Bills and Tax Invoices shows Intention to Evade Tax Payment: Punjab and Haryana HC [Read Order]
In a recent judgment pronounced by the Punjab and Haryana High Court, Justices G.S. Sandhawalia and Harpreet Kaur Jeewan noted that the act of utilising E-way bills and tax invoices again suggests a...
![Reuse of E-way Bills and Tax Invoices shows Intention to Evade Tax Payment: Punjab and Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Reuse-of-E-way-Bills-Invoices-Evade-Tax-Payment-Punjab-and-Haryana-High-Court-taxscan.jpg "Reuse of E-way Bills and Tax Invoices shows Intention to Evade Tax Payment: Punjab and Haryana HC [Read Order]")