Tax Guru52m
Section 147/148 Proceedings Barred During Pending Section 154 Proceedings
3. Without prejudice to the above, the amount disallowed u/s. 43 (8) in respect of unpaid sales tax liability, provident fund ...
Tax Guru2h
AP HC Sets Aside GST Assessment Order Due for lacking AO’s Signature & DIN
The petitioner was served with the assessment order, in Form GST DRC-07, dated 30.06.2022, passed by the 1 st respondent, ...
Tax Guru23m
ITAT Deletes Rs. 2.97 Crore Bogus Expense Disallowance, Upholds 10% for Lack of Records
“1) For that, the Ld. CIT (A) has erred in deleting an addition of Rs.2,97,16,776/- made by the AO as unexplained expenditure u/s 69C of the Income Tax Act although no supporting bills for such ...
Tax Guru39m
ITAT Upholds Original Assessment, Rejects Reopening for Failure to Record Assessee’s Failure
The ITAT concurred with CIT (A), emphasizing that the reassessment was based on “borrowed satisfaction” without independent verification by the AO. The Tribunal observed that reopening was done beyond ...
Tax Guru56m
Call Centre TDS Under Section 194C, Not 194J: Bombay HC in Vodafone Case
Bombay High Court has dismissed an appeal filed by the Income Tax Department against Vodafone Essar Ltd. (now Vodafone Idea) concerning the appropriate section for Tax Deduction at Source (TDS) on ...
Tax Guru1h
Calcutta HC Upholds GST Penalty for E-Way Bill Mismatch as Intent to Evade Tax Proven
Calcutta High Court in Mohammad Shamasher v. The State of West Bengal & Ors. upheld a penalty imposed under Section 129(3) of the GST Act, ruling that a mismatch between the e-way bill and delivery ...
Tax Guru1h
Scope of Section 254(2) Limited to Apparent Mistakes, No Review Permitted: ITAT Surat
1. This Miscellaneous Application (MA) under section 254 (2) of the Income Tax Act, 1961 is filed by the revenue for seeking rectification / re-calling the order dated 27.03.2024 passed in ITA ...
Tax Guru59m
Section 80G Registration Cannot Be Denied for Typographical Errors in Clause Selection
This appeal is filed by the assessee against the order of the Learned Commissioner of Income-tax (Exemptions),Mumbai [hereinafter referred to as “CIT (E)”] rejecting approval u/s 80G of the Income-tax ...
Tax Guru2h
ITAT Orders Fresh Review of ST Doctor’s Section 10(26) Income Tax Exemption
Kolkata has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] in the case of ITO vs. Achula Darneichong Sailo regarding income tax exemption under Section 10(26) of the Income ...
Opinion
Tax Guru1hOpinion
Courts, Police Have Duty To Protect Freedom Of Speech: SC
We need to note that the case against Imran stemmed from the FIR that had been filed in a Jamnagar police station on January 3 invoking various provisions under the Bharatiya Nyay Sanhita (BNS) ...
Tax Guru1h
FY 2024-25 for GST: A Year of SCNs, Audits and Compliance Hurdles
The financial year 2024-25 has been one of the most strenuous and challenging years for businesses across various sectors, primarily due to the unprecedented volume of Show Cause Notices (SCNs) and ...
Tax Guru1h
ITAT Deletes Cash Deposit Addition, Accepts Assessee’s Gold Sale Explanation
This addition stemmed from cash deposits made by the assessee during the demonetization period. The Assessing Officer initiated scrutiny after noticing a discrepancy between the declared income and ...