Conclusion: Dealers registered under Value Added Tax Act (VAT Act), 2008 were duty bound to reverse or debit the input tax credit as prescribed under Section 13(6) of the VAT after the discontinuation ...

Conclusion: Penalty under section 271(1)(c) was not leviable as assessee had voluntarily disclosed a bona fide error in their ...

Step 1: To access the GST Portal go to www.gst.gov.in. Choose “Services” > “Registration” > “New Registration”. Step 2: Part ...

ITAT Bangalore held that disallowance u/s. 40 (a) (i) for non-deduction of TDS from foreign remittance for business development, project management, marketing and related services is restore back to ...

NCLAT Chennai held that post completion of liquidation process and property of Corporate Debtor is handed over to Successful Auction Purchaser, order u/s. 33 (2) of Insolvency and Bankruptcy Code, ...

Vide Finance (No. 2) Act, 2024, section 206C (1F) was amended to provide that TCS will also be levied on any other goods of ...

ITAT Raipur held that CIT (A) is duty bound to dispose of all the grounds raised by assessee. Since CIT (A) failed to ...

a. Declare that the ownership and possession of the property of the Corporate Debtor cannot behanded over by the Applicant to the Respondent during CIRP of the Corporate Debtor on account of the ...

ITAT Mumbai held that disallowance under section 14A of the Income Tax Act upheld since assessee failed to compute suo moto disallowance which is mandatory, even if no exempt income is earned. Thus, ...

Delhi High Court held that facts narrated in notice u/s. 148A (b) couldn’t lead to conclusion that income has escaped assessment. Accordingly, reassessment proceedings initiated is liable to be set ...

Madras High Court held that the existence of an alternative remedy precludes the petitioner from approaching this Court through a writ petition unless there is an exceptional circumstance. Accordingly ...

Calcutta High Court held that liberty is granted to the petitioner to respond to notice issued under section 148 of the Income Tax Act as the respondents are on the verge of bringing the assessment ...