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Assessee’s Failure to Substantiate Details: ITAT deletes Share Application Money Addition on 4 Identifiable Investors, Retains Addition on 9 others [Read Order]

Advika Dwivedi

The Income Tax Appellate Tribunal (ITAT), Ranchi, held that additions made on account of unexplained share application money could not be sustained...

No Interference with Order by Income Tax Settlement Commission Unless Contrary to Law or involves...

GST Filing gets tougher: Tax payer will no longer be able to Edit Auto Populated Tax Liability in...

Finance Department Notifies Amendments to Delhi GST Rules: One Person Company Added, Forms and...

Supreme Court Upholds Gujarat HC Verdict: Pre-Deposit via Electronic Credit Ledger Valid for GST...

Jaipur Economic Offences Court denies Bail to alleged ₹4,000 crore GST evasion Mastermind

In a major financio-legal development, the Economic Offences Court in Jaipur has denied bail to Naveen Yadav, the alleged kingpin of a massive ₹4,000 crore GST evasion scheme. Yadav was...

Income Tax Department Cannot Recover Tax Arrears from Properties Auctioned Under KGST Act: Kerala HC [Read Order]

The Kerala High Court ruled that the Income Tax Department cannot recover tax arrears from properties that were auctioned under the Kerala General Sales Tax (KGST) Act. Job...

Do the President, Prime Minister, and High Officials Pay Income Tax? Know Limitations and Exemptions

Today, as we celebrate the 76th Republic Day of India, a day that marks the adoption of our Constitution and the ideals of justice, equality, and liberty, let’s take a closer look at the individuals...

No Withholding of GST Registration Cancellation for Assessing Petitioner's Liability: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court by relying on the Central Board of Indirect Taxes and Customs ( CBIC ) Circular dated 26-10-2018, held that the cancellation of GST registration cannot be...

Income Tax Appeal Filing Delayed by 4 Days due to Delay in Considering Rectification Application: Madras HC sets aside Order [Read Order]

In a recent ruling, the Madras High Court, while overturning the order, directed the income tax department to de-freeze the bank account. It condoned the delay of 4 days in filing appeal under Income...

Mining Tax Decision to Apply Retrospectively from April 1, 2005: Supreme Court [Read Judgement]

In reaffirming the landmark decision, the Supreme Court of India has ruled that the imposition of mining taxes by state legislatures will apply retrospectively from April 1, 2005. This ruling,...

Supreme Court - Tax Decision - Mining Tax Decision - Mining tax April 2005 ruling - Supreme Court mining tax ruling - taxscan

What Section 74A means for GST Adjudication: Merging Sections 73 & 74

The new Finance bill 2024 has inserted the new provision of Section 74A of GST Act as announced in the 53rd GST Council meeting. It can be understood as a merge of Sections 73 and 74. The Finance...