Tax Guru1h
No Service Tax Penalty If Tax dues Paid Before SCN: CESTAT Ahmedabad
CESTAT observed that since the appellant recorded the transactions in its books and voluntarily paid the tax and interest ...
Tax Guru2h
HC allows GST Registration cancellation Revocation on Filing Returns & Payment of Dues
2. Petitioner is a proprietorship firm who runs a business under the name and style of ‘Shailendra Singh Petitioner deals ...
Tax Guru2h
Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law
In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax ...
Tax Guru2h
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...
Tax Guru2h
Central Excise Claims Not Secured Debt: NCLAT Delhi
NCLAT decisions, to emphasize that claims under Section 11E of the Central Excise Act and similar provisions are not ...
Tax Guru2h
Applicability of Section 13(1)(b): ITAT Remands Trust Registration Case to AO for Re-examination
This appeal has been filed by the Assessee-trust against the order dated 19.02.2024 passed by the Commissioner of Income-tax (Exemption) Ahmedabad, (in short ‘the CIT (Exemption)’), rejecting the ...
Tax Guru2h
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
Tax Guru2h
SC Quashes FIR Against Ex-Excise Commissioner, Cites Economic Factors in Asset Valuation Over 25 Years
In the case of Nirankar Nath Pandey Vs State of U.P. & Ors., the Supreme Court quashed an FIR lodged against the former Excise Commissioner, Nirankar Nath Pandey, under charges of possessing ...
Tax Guru1h
Orissa HC Reduces Tax Deposit Requirement for GST Appeal Stay
Orissa High Court heard the petition filed by Gobinda Chandra Behera against the Commissioner of CT and GST concerning the order dated November 28, 2024, passed by the First Appellate Authority. The ...
Tax Guru1h
Order Reducing 1% ITC under Rule 86B Set Aside for Lack of Personal Hearing
The Madras High Court recently reviewed a writ petition challenging an order under Rule 86B of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, regarding the reversal of 1% Input Tax Credit ...
Tax Guru1h
Summary, Highlights & Preface of Economic Survey 2024-25
Economic Survey 2024-25 forecasts India’s GDP growth between 6.3% and 6.8% for FY26, with real GDP at 6.4% in FY25, aligning with its decadal average. Inflation moderated to 4.9% in April-December ...
Tax Guru1h
Section 12A Trust Registration Application cant be denied for Typo Error
The Tribunal set aside the CIT’s order and remanded the case for fresh adjudication, instructing the CIT to treat the application under the correct provision and assess it on merits. Additionally, ...