![Simply Writing “I am satisfied” not a Valid Approval for Notice u/s 148 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Income-Tax-Income-Tax-Act-Section-148-of-Income-Tax-Act-Valid-Approval-for-Notice-taxscan.jpg "Simply Writing “I am satisfied” not a Valid Approval for Notice u/s 148 of Income Tax Act: Delhi HC [Read Order]")
Simply Writing “I am satisfied” not a Valid Approval for Notice u/s 148 of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court, recently held that simply recording “I am satisfied” is insufficient to validate an approval for issuing a notice under Section...
![Failure to Prove Defacement: CESTAT sets aside Confiscation of 3 out of 10 alleged Foreign-Origin Gold Bars [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-New-delhi-Foreign-Origin-Gold-Bars-gold-bars-seized-Gold-bar-case-taxscan.jpg "Failure to Prove Defacement: CESTAT sets aside Confiscation of 3 out of 10 alleged Foreign-Origin Gold Bars [Read Order]")
![No Finding by CIT(A) against Claim u/s 56(2)(viib): ITAT remands Revision Order for Re-examination of Qualification as Venture Capital [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Chandigarh-CIT-Against-Claim-TAXSCAN.webp "No Finding by CIT(A) against Claim u/s 56(2)(viib): ITAT remands Revision Order for Re-examination of Qualification as Venture Capital [Read Order]")
![Lack of Notice for Hearing served to assessee: ITAT restores file for Denovo proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/TAT-ITAT-Chandigarh-Denovo-proceedings-Lack-of-notice-for-hearing-ITAT-restores-file-Income-tax-taxscan.jpg "Lack of Notice for Hearing served to assessee: ITAT restores file for Denovo proceedings [Read Order]")
![“This interpretation leads to absurd situation”: ITAT Quashes Denial of Registration of Trust owing to Belated Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cochin-Denial-of-Registration-Income-tax-Income-Tax-Appellate-Tribunal-Charitable-Trust-taxscan.jpg "“This interpretation leads to absurd situation”: ITAT Quashes Denial of Registration of Trust owing to Belated Filing [Read Order]")
Insolvency Proceeding under IBC and Proceedings under Negotiable Instruments Act can be Proceed Simultaneously: Himachal Pradesh HC [Read Order]
In a ruling, the Himachal Pradesh High Court held that the insolvency proceedings initiated under the Insolvency and Bankruptcy Code ( IBC ), 2016 and proceedings under Negotiable Instruments Act can...
![Insolvency Proceeding under IBC and Proceedings under Negotiable Instruments Act can be Proceed Simultaneously: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Himachal-Pradesh-High-Court-Insolvency-and-Bankruptcy-Code-IBC-Insolvency-Proceeding-taxscan.jpg "Insolvency Proceeding under IBC and Proceedings under Negotiable Instruments Act can be Proceed Simultaneously: Himachal Pradesh HC [Read Order]")
No Exception to Retailer From Assam GST Registration Without Supporting Materials: Gauhati HC [Read Order]
The Gauhati High Court in its recent case held that there is no exception to retailer from registration under the Assam Goods and Services Tax Act 2017, without any materials placed on record to...
![No Exception to Retailer From Assam GST Registration Without Supporting Materials: Gauhati HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Assam-GST-Registration-Supporting-Materials-Gauhati-HC-TAXSCAN.jpg "No Exception to Retailer From Assam GST Registration Without Supporting Materials: Gauhati HC [Read Order]")
Interest Charges to be Treated as Inward Supply for Calculating 80% Threshold Limit under GST: AAR [Read Order]
The West Bengal Authority for Advance Ruling ( AAR ) recently ruled that Interest Charges levied by a financing bank against loan availed by the Applicant can be treated as an ‘Inward Supply’ while...
![Interest Charges to be Treated as Inward Supply for Calculating 80% Threshold Limit under GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/GST-AAR-West-Bengal-AAR-GST-Threshold-Limit-TAXSCAN.jpg "Interest Charges to be Treated as Inward Supply for Calculating 80% Threshold Limit under GST: AAR [Read Order]")
Madras High Court quashes GST Recovery Proceedings against Deceased Person, Rules Assessment Orders and Notices Void Ab-initio [Read Order]
The Madras High Court has quashed the Goods and Services Tax ( GST ) recovery proceedings and GST orders initiated against a deceased individual, Ramasamy Singaravelan. The court ruled that the GST...
![Madras High Court quashes GST Recovery Proceedings against Deceased Person, Rules Assessment Orders and Notices Void Ab-initio [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/GST-Madras-High-Court-GST-Recovery-Proceedings-Assessment-Order-GST-Recovery-against-Deceased-taxscan.jpg "Madras High Court quashes GST Recovery Proceedings against Deceased Person, Rules Assessment Orders and Notices Void Ab-initio [Read Order]")
![5% GST Applicable on Supply of Aggregates made from Boulders: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/AAR-Authority-for-Advance-Ruling-GST-Act-taxscan.jpg "5% GST Applicable on Supply of Aggregates made from Boulders: AAR [Read Order]")
Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest earned from savings accounts in a Co-operative bank cannot be treated as income or dividends from investments. ...
![Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Chennai-Income-Tax-ITAT-Interest-in-co-operative-bank-TAXSCAN.jpg "Interest Earned from Savings Account in Co-operative Bank cannot be treated as Income or Dividend from Investment: ITAT [Read Order]")
No Obvious Error: AAR Rejects Mitsubishi’s Application for Rectification of Error of Advance Ruling [Read Order]
In a recent ruling before Authority for Advance Ruling ( AAR ) the application for rectification of Mitsubishi Electric India Pvt. Ltd. was rejected due to lack of apparent error in advance...
