Tax Guru40m
Delay of 244 days due to genuine hardship faced by assessee condonable: ITAT Ahmedabad
ITAT Ahmedabad held that delay of 244 days in filing of an appeal caused due to genuine hardship faced by the assessee is condonable. Accordingly, delay condoned due to bona fide reason being ...
Tax Guru45m
Authorities delay cannot transfer stipulations as directory under regulation 17 of Customs Broker Licensing Regulation
CESTAT Mumbai held that transfer of mandatory stipulations in regulation17 of Customs Brokers Licensing Regulations, 2018 as ...
Tax Guru1h
Amount lying in No Lien Account is asset of corporate-debtor if OTS not materialized-NCLAT Rules Against BOI
In a recent ruling, the Delhi bench (NCLAT) while dismissing the appeal of the bank have held that Once the CIRP was ...
Tax Guru1h
Maintenance of wife & children overrides over statutory financial creditors of Husband within SARFAESI/IBC -Supreme Court
The ruling come out in a controversy where high court awarded maintenance u/s 125 Cr.P.C to wife amounting to Rs. 1,00,000/- per month and Rs. 50.000/- per month to each of the two children. HC took ...
Tax Guru1h
AO cannot assume jurisdiction u/s 153C in absence of incriminating material found during search
3. Whether on facts of the case and in law, the Ld. CIT (A) has erred in quashing the proceeding initiated u/s. 153C of the Act while not appreciating that it is modus operandi of the assessee wherein ...
Tax Guru1h
AO cannot take different way of assessing income if mode of income is identical to subsequent years
In a recent ruling ITAT Delhi partly allowed the appeal of the assessee and modified the order passed by the AO is modified ...
Tax Guru2h
E-Way Bill Updates: Key Validations Effective January 2025
Goods and Services Tax (GST) e-Invoice System and API Developer’s Portal will implement new validations in the E-Waybill System starting January 1, 2025.
Tax Guru2h
आर्थिक संकट (काला धन)
आर्थिक मंदी बढ़ने के दो कारण है महंगाई और बेरोजगारी। आज पूरा विश्व आर्थिक मंदी के दौर से गुजर रहा है। विश्व के सभी ...
Tax Guru4h
GST SCN worded as Final Order Without Proper Hearing Unsustainable: Gujarat HC
In the case of Maheshwari Logistics Limited Vs State of Gujarat, the Gujarat High Court addressed a challenge to show cause notices and an order issued by the respondent under the Goods and Services ...
Tax Guru4h
Layoff under Industrial Disputes Act, 1947: Comprehensive analysis
[4] Industrial Dispute Act, 1947, No. 14, Acts of Parliament, 1947 (India). [5] Industrial Disputes (Amendment) Act, 1953, No. 53, Acts of Parliament, 1953 (India). [7] Industrial Disputes Act,1947, § ...
Tax Guru18h
ICEGATE Introduces Electronic Voluntary Payment Facility
All Principal Director Generals/Director Generals under CBIC Subject: Enabling Voluntary Payment electronically on ICEGATE e-Payment Platform- reg. Madam/ Sir. In line with Government’s commitment to ...
Tax Guru18h
Entertaining claim of deduction otherwise than a revised return not permissible: ITAT Chennai
ITAT Chennai held that assessing authority cannot entertain the claim of deduction of expenditure since assessee has not furnished revised return. Accordingly, appeal of the assessee dismissed.