Adv Aditya Narayan 
More Income Tax Relief Expected for Salaried Class under New Tax Regime in the Upcoming Interim Budget 2024 Salaried class taxpayers in India may expect for a positive development very soon, as the BJP-led Modi government contemplates announcing income tax …
Income Tax Department Ready to Move Supreme Court to Challenge the Ruling of Delhi High Court on Validity of Orders Issued Without Document Identification Number (DIN) The Income Tax Department is ready to challenge a recent Delhi High Court ruling …
Kolkata High Court Ruling: Personal Opinion of Income Tax Officer is not enough for Assessment Reopening In a recent landmark judgment on November 17, 2023, the Kolkata High Court ruled against the reopening of assessments solely based on the personal …
Delhi High Court Ruling: Employee Not Liable for Employer’s Failure in Depositing TDS Employee Not Liable for Employer’s TDS Failure: In a significant ruling on November 29, 2023, the Delhi High Court delivered a judgment in the case of Chintan …
Introduction of Two-Factor Authentication in GST for enhanced Log-in Security – GSTN Advisory 618Â GST Advisory 618: In a recent development, the Goods and Services Tax Network (GSTN) has issued Advisory No. 618 dated December 1, 2023, notifying taxpayers about …
Piloting of Biometric Based Aadhar Authentication and Document Verification for GST Registration – GSTN Advisory No. 616 dated. 1 December 2023 In a recent update, the Goods and Service Tax Network (GSTN) has rolled out Advisory No. 616, dated December …
GST Instruction 4/2023 Dated. 23 November 2023 for Electronic Uploading of DRC-01 & DRC-07 GST Instruction 4/2023: It has been brought to the notice of the Central Board of Indirect Taxes and Customs (CBIC) that some of the field formations …
New Functionality ‘Discard ITR’ in the Income Tax Portal – Effective from AY 2023-24 In a significant development, the Income Tax Department has rolled out a pivotal feature ‘Discard ITR’ on its website, empowering taxpayers to discard previously filed but …
Allahabad High Court Order Dated 23 November 2023 Reducing 56 Lakhs GST Penalty to 10000 In a significant decision on 23 November 2023, the Allahabad High Court has reduced a penalty order of Rs. 56 lakhs imposed on a private …
Prosecution Provisions under Income Tax for Various Offences of Taxpayers The Income-tax Act encompasses a comprehensive framework that allows authorities to initiate prosecution proceedings against taxpayers for a myriad of offenses. The Act delineates various offenses, ranging from wilful evasion …
Order of Cancellation of GST Registration Without any Valid Reason Questioned by Delhi High Court In a recent development, the Delhi High Court has raised concerns over a registration cancellation order issued by GST authorities against Sai Aluminium EXIM. The …
Prosecution u/s. 276CC Against Genuine Taxpayers who have Diligently Prepaid a Significant Portion of their Tax Obligations is not Justifiable: Madras High Court Order Dt. 17 November 2023 Legality of Prosecution Against Genuine Taxpayers who Prepaid Substantial Part of their …
Interest & Penalty cannot be Imposed if Wrongly Claimed Input Tax Credit (ITC) is Reversed Before Use – Punjab & Haryana High Court Order for Deepak Sales Corporation Legality of Imposing Penalty & Interest When Wrongly Availed ITC is Reversed …
Two Years Limitation in GST Refund Application Filing is Directory, Not Mandatory: Madras High Court Order for Lenovo (India) In a significant ruling, the Madras High Court has declared that the stipulated two-year limitation for filing Goods and Services Tax …
Central Government Specifies Dy Director General (Tech Development Dvn) UIDAI as Authority for Disclosure of Information Respecting Assessees: CBDT Notification No. 99/2023 Dated. 20 November 2023 The Central Board of Direct Taxes (CBDT) vide its Notification No. 99/2023 Dated. 20 …
Format, Procedure and Guidelines for submission of Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar & Share Transfer Agent: Corrigendum to Notification No. 4/2021 Corrigendum to Notification 4/2021: The format, procedure and guidelines for submission for SFT …
Corrigendum to Notification No. 3/2021: Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions Corrigendum to Notification 3/2021: The format, procedure, and guidelines for submission of information relating to capital gains on transfer of …
Guidelines on Direct API Integration with IRPs for Seamless e-Invoicing: GST Advisory 615 Dt. 17 November 2023 In a significant move towards simplifying e-invoicing processes, the Goods and Services Tax Network (GSTN) has recently issued Advisory 615 on 17/11/2023. This …
ITC Should Not be Denied Merely Because of Difference Between GSTR-2A and GSTR-3B: Kerala High Court Order for Raju Joseph In a recent development, the Kerala High Court has issued a directive instructing the Assessing Authority to revisit the denial …
Biometric Based Aadhar Authentication Applicable for Andhra Pradesh along with Gujarat and Puducherry: CBIC Notification No. 54/2023 (Central Tax) The Central Board of Indirect Taxes and Customs (CBIC), on recommendation of the GST Council, makes the following further amendments in …