Tax Guru17h
NFRA Finds Unresolved Issues in Walker Chandiok’s 2023 Audit Inspection
A 2023 inspection by the National Financial Reporting Authority (NFRA) of M/s Walker Chandiok & Co. LLP (WCCL) revealed a ...
Tax Guru14h
Telangana HC Slams Income Tax Dept Over Illegal Refund Adjustments
The Telangana High Court has delivered a judgment against the Income Tax Department in two writ petitions filed by TSI ...
Tax Guru12h
DIN Absence: Andhra Pradesh HC quashes GST Assessment Order
Arrow Advertising India Private Limited Vs Assistant Commissionerst and Others (Andhra Pradesh High Court) The Andhra Pradesh ...
Tax Guru19h
Only Profit Element Taxable in Commodity Transactions: ITAT Mumbai
The Income Tax Appellate Tribunal (ITAT) Mumbai found the reassessment invalid, emphasizing that Section 147 requires a ...
Tax Guru12h
No Section 56(2)(x) Addition for Agreement Value Reduction Due to GST Rate Hike: ITAT Mumbai
1. The Appellant states that the notice issued u/s. 143 (2) of the Act is bad in law, illegal and void-ab-initio. The consequential assessment order passed is bad-in-law, illegal and void-ab-initio. 2 ...
Tax Guru11h
Lack of adequate opportunity: ITAT Mumbai Remands Appeal to CIT(A) for Fresh Hearing
The assessee has filed the present appeal challenging the impugned order dated 26/08/2024 passed under section 250 of the Income Tax Act, 1961 (“ the Act ”) by the learned Additional/Joint ...
Tax Guru10h
Section 34: Understanding Credit Notes in GST
There is no legal restriction on the time of issuing a credit note; however, it must be reported in GST returns within a specified period, typically by November 30 of the following financial year or ...
Tax Guru11h
No Stamp Duty on Flat Transferred as per Divorce Settlement: SC
Supreme Court of India resolved a transfer petition filed by Arun Rameshchand Arya, seeking to shift a divorce case from Mumbai to Delhi. During the proceedings, both parties opted for mutual consent ...
Tax Guru13h
Orissa HC Quashes GST Demand Order for Apparent Assessment Error
Orissa High Court set aside the GST demand order against Kalishankar Sahoo for the financial year 2019-20, citing reassessment concerns. The petitioner argued that the scrutiny report dated March 23, ...
Tax Guru12h
ITAT Raipur Set Aside Rejection of Section 80G Registration Without Notice
The captioned appeal is filed by the assessee against the order by Commissioner of Income Tax (Exemption), Bhopal u/s 80G of the Act, 1961 (in short “The Act”), dated 27.09.2024, rejecting the ...
Tax Guru12h
Karnataka HC Upholds Order Favoring MRPL in Tax Dispute Under DTVSV Act
The core issue in the dispute revolved around the interpretation of “disputed tax” under the DTVSV Act, specifically in relation to a disallowance of ₹80,19,59,658 made under Section 40 (a) (ia) of ...
Tax Guru12h
ITAT Mumbai Remands Charity Registration & Exemption Cases Back to CIT(E)
These appeals by the assessee are directed against two separate orders both dated 01.07.2024 and 26.07.2024 passed by the Ld. Commissioner of Income-tax (Exemptions), Mumbai [in short ‘the Ld. CIT (E) ...