Tax Guru6h
Input tax credit beyond period prescribed u/s. 16(4) needs to be re-visited post Finance Act, 2024 amendment: Madras HC
The present Writ Petition is filed challenging the assessment order dated 31.01.2024 for the period 2017-2018, on the premise ...
Tax Guru6h
GST Registration Cancellation cannot be Withheld for Assessment/Recovery Proceedings: Delhi HC
The petitioner has filed the present petition, inter alia, praying that directions be issued to the respondent to cancel its GST registration with effect from 14.04.2024. 4. The petitioner was ...
Tax Guru6h
Order deemed to be erroneous as passed without making necessary inquiries and verification
Delhi High Court held that CIT has rightly held that assessment order was passed without making necessary inquiries and ...
Tax Guru6h
Karnataka HC Condones Delay in Filing ITR by 2 Hours 38 Mins & 26 Seconds
In this petition, the petitioner seeks the following reliefs: “a. Issue a writ of certiorari to quash the order ...
Tax Guru6h
Levy of penalty u/s. 271D without recording any satisfaction untenable: Andhra Pradesh HC
Andhra Pradesh High Court held that levy of penalty under section 271D of the Income Tax Act untenable since AO didn’t record ...
Tax Guru6h
Deduction u/s 80P(2)(a)(i) was allowable on interest income from surplus funds in Bank Deposits
Conclusion: Interest income from bank deposits is eligible for deduction under Section 80P (2) (a) (i) as the funds in the ...
Tax Guru6h
Order quashed as notice failed to state allegations relating to violation of regulation by Customs Broker
Facts- The appellant, M/s. Uniclear Logistics Pvt. Ltd., has challenged the order dated 27.10.2023 passed by the Commissioner ...
Tax Guru6h
Income Tax Notification No. 115/2024: No TCS on RBI Payments
Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 115/2024 dated 16th ...
Tax Guru6h
Customs and excise department doesn’t have priority over secured creditors: Madhya Pradesh HC
Madhya Pradesh High Court held that customs department and central excise department doesn’t not have priority over other ...
Tax Guru6h
Income Tax Ninth Amendment Rules 2024 | CBDT Notification 114
In exercise of the powers conferred by section 295 read with section 206C of the Income-tax Act, 1961 (43 of 1961), the ...
Tax Guru6h
Madras HC Directs Consideration of CVD Exemption for Silk Imports
The petitioner seeks a direction for the amendment of 09 Bills of Entry pursuant to the petitioner’s application for ...
Tax Guru6h
Petitioner denied Right to Explain Cash Deposit of ₹63.7 Lakhs: HC Quashes Assessment Order
The court found that the assertion of non-service of the SCN was uncontroverted and noted that the income tax department had drawn conclusions against the petitioner without giving him a chance to ...