Tax Guru1h
Filing of belated return u/s. 139(4) satisfies 1st proviso to section 201(1): ITAT Raipur
ITAT Raipur held that belated return of income filed by payee u/s. 139 (4) satisfies the 1 st proviso to section 201 (1) of ...
Tax Guru4h
Ex-parte orders and initiation of recovery proceedings against deceased person unjustified: Madras HC
Madras High Court held that ex-parte orders issued in the name of deceased person and initiation of recovery proceedings ...
Tax Guru4h
Partnership firm not doesn’t qualify as personal guarantor hence insolvency proceedings u/s. 95 of IBC unjustified
NCLT Hyderabad held that partnership firm are not included under the definition of personal guarantor covered under section 5 ...
Tax Guru4h
Reassessment u/s. 148 based on mere change of opinion impermissible: Gujarat HC
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act on mere change of opinion is not ...
Tax Guru4h
GST demand alleging suppression of sale based on power consumption not sustained: Madras HC
Madras High Court held that allegation of suppression of sale based on consumption of power not sustained since EB units ...
Tax Guru7m
Waiver of Interest & Penalty for GST Demands for FY 2017-18 to 2019-20
The Government, on the recommendation of GST Council, has inserted section 128A of CGST Act, 2017 to provide for waiver of interest and penalties demanded in notices and orders issued under Section 73 ...
Tax Guru7h
Delhi HC Sets Aside GST Registration Cancellation Notice for lacking specific allegations
In Saluja Electronics Vs Commissioner of CGST and Central Excise Delhi East Commissionerate, the Delhi High Court annulled a ...
Tax Guru7h
ITAT Indore Accepts Peak Credit Theory; Past savings can explain cash deposits
The ITAT assessed the evidence presented, highlighting that the taxpayer had made consistent deposits and withdrawals ...
Tax Guru7h
CGST Act Section 74 Applicable for Willful Suppression of Sales to Evade Tax
The petitioner is a registered person under the CGST / SGST Acts. The petitioner was served with Ext.P3 show cause notice ...
Tax Guru7h
Payment of Section 129(3) demand does not restrict right to appeal: Gauhati HC
In the case of TNS Express Pvt Ltd and Anr Vs State of Assam, the Gauhati High Court addressed the issue of filing an appeal ...
Tax Guru7h
GST registration cancellation cannot be withheld for assessing liability: Delhi HC
8. It follows that the application for cancellation of GST registration cannot be withheld for assessing the petitioner’s ...
Tax Guru7h
Assessee not availing Personal Hearing Cannot Claim Lack of Opportunity: Madras HC
Mohamed Siddique & Co. Vs Assessment Unit/Verification unit/ Technical Unit/Review Unit Income/ Tax Department (Madras High ...