Tax Guru5h
AO cannot take different way of assessing income if mode of income is identical to subsequent years
In a recent ruling ITAT Delhi partly allowed the appeal of the assessee and modified the order passed by the AO is modified ...
Tax Guru12h
Interest from co-operative bank eligible for deduction u/s. 80P: ITAT Nagpur
ITAT Nagpur held that interest income earned by co-operative society from its investments made with other co-operative bank ...
Tax Guru2h
Assessee’s Commitment to File Returns Justifies Setting Aside GST Registration Cancellation
Relying upon the aforesaid judgment, the Hon’ble High Court set aside the Impugned Order subject to the condition that the Petitioner duly filed the return for the default period and pay amount of tax ...
Tax Guru2h
Litigants Shifting Responsibility For Inordinate Delay To Counsel’s Negligence Is Unwholesome: Delhi HC
It is definitely most refreshing, most reassuring and so also most reinvigorating to note that the Delhi High Court while most firmly putting its foot down on the quickly growing most reprehensible ...
Tax Guru2h
GST Rule 86A Conundrum: Interpretation Battles in High Courts
The recent judgment of the Madras High Court in the case of Tvl. Skanthaguru Innovations Private Limited v. Commercial Tax Officer & Ors. [Writ Petition No. 29872 of 2024 dated November 28, 2024] has ...
Tax Guru23h
Seizure of ornaments worn by foreign tourist not justifiable: Delhi HC
Delhi High Court held the gold jewellery in the form of ornaments worn by the foreign tourist would not qualify for seizure ...
Tax Guru23h
Govt Allows Yellow Peas Import “Free” Subject to IMS Registration
Effect of the Notification: Import of Yellow Peas under ITC (HS) Code 07131010 is “Free” without the MIP condition and ...
Tax Guru23h
GST order lacking proper reasons is liable to be quashed: Delhi HC
Delhi High Court held that order lacking reasons and also lacking application of mind to the reply furnished by the ...
Tax Guru3h
Maintenance of wife & children overrides over statutory financial creditors of Husband within SARFAESI/IBC: SC
The ruling come out in a controversy where high court awarded maintenance u/s 125 Cr.P.C to wife amounting to Rs. 1,00,000/- per month and Rs. 50.000/- per month to each of the two children. HC took ...
Tax Guru3h
Penalty u/s. 271E in absence of any repayment of loan not leviable: ITAT Kolkata
ITAT Kolkata held the penalty under section 271E of the Income Tax Act not leviable since in the present case there was no repayment of loan received from the members but it was loan disbursed to ...
Tax Guru3h
Mediation for social justice: navigating the path of equality
Point out to them how the normal winner is often a loser in litigation in terms of fees, expenses, cost, and time” Mediation offers a structured and flexible approach to resolving disputes through ...
Tax Guru4h
Notice u/s. 153C beyond six years prior to relevant searched A.Y. is non-jurisdictional
ITAT Delhi held that issuance of notice under section 153C of the Income Tax Act beyond six years prior to relevant searched assessment year is beyond jurisdiction and accordingly liable to set aside.