In a recent ruling dated September 12, 2023, the Kerala High Court ordered that the denial of ITC to a buyer solely based on missing entries in GSTR-2A of seller is not justifiable. The court emphasized that the GSTR-2A form …
In a significant development, the Kerala High Court has overturned the disallowance of tax credit for small-scale dealers, attributed to the challenges faced during the initial implementation of the GST regime. The decision, handed down by Justice Dinesh Kumar Singh, …
No Service Tax on Water and Electricity Supply to Tenants: In a recent ruling by the Hyderabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), it was ruled against applicability of service tax on water and electricity supply …
GSTR 2A and GSTR 3B Discrepancy Not Grounds for ITC Denial In a significant ruling, the Hon’ble High Court of Kerala, in the case of M/s. Henna Medicals vs. State Tax Office, Thalassery & Ors., held on 19th September 2023 …
Introduction-ITAT Delhi Removes Penalty under section 271AAA In a recent development, the Income Tax Appellate Tribunal (ITAT) Delhi bench delivered a significant ruling by waiving the penalty under section 271AAA of the Income Tax Act, 1961. The decision was motivated …
Active PAN not a Ground for Proceedings against Amalgamated Company: The true effect and character of the amalgamation largely depends on the terms of the scheme of merger. But there cannot be any doubt that, when two companies amalgamate and …
In the case before the Income Tax Appellate Tribunal (ITAT) Delhi, the issue revolved around the assessment of an Assessee Firm, which had declared an income of Rs.12,220 during the relevant year. The firm was engaged in a wholesale scrap …
In a recent ruling, the Allahabad High Court shed light on ownership determination in goods transportation concerning the Goods and Services Tax Act, 2017. The Court emphasized that when goods are accompanied by specified documents like invoices, either the consigner …
Facts of the Case In a recent judgment on 12th September 2023, the Bombay High Court ruled on a case involving the amendment of Section 54F in 2015 and its prospective application. The case, Hemant Dinkar Kandlur Vs Commissioner of …
Faceless Notice for Income Tax Reassessment u/s.148A: Telangana High Court The Telangana High Court has underlined that notices issued by the income-tax department to taxpayers for reassessment of returns under Section 148A of the Income Tax Act must now follow …