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Highlights / Annotations / Catch Notes For December of 2021

Home Highlights December December 2021 Year 2021

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Showing 1 to 50 of 514 Records

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December 31, 2021 Case Laws GST HC

Court Rules on Proper Officer's Authority to Issue Show Cause Notice Under CGST Act Section 74(1) Exceeding Rs. 2 Crore.
December 31, 2021 Case Laws GST AAAR

Voucher Sales Deemed Supply of Goods u/s 7 CGST Act; Section 12(5) Determines Value, Tax Rate, Timing.
December 31, 2021 Case Laws GST AAR

Coaching Services with Goods Classified as Mixed Supply u/s 15 of CGST Act, Affecting Tax Rates.
December 31, 2021 Case Laws GST DSC

Court Denies Bail in Rs. 48 Crore GST Fraud Case; Applicants Pose Risk of Evidence Tampering and Flight.
December 31, 2021 Case Laws Income Tax AT

Interest Disallowance Overturned: Loans to Employees for Business Purposes Justified by Policy and Trade Customs.
December 31, 2021 Case Laws Income Tax AT

Section 153C Assessment: Assessee Not in Possession, Section 2(47)(i) Transfer Definition Inapplicable.
December 31, 2021 Case Laws Income Tax AT

Pr. CIT's Attempt to Revise Assessment u/s 263 Fails; Lacked Evidence of AO's Non-Compliance with Section 119.
December 31, 2021 Case Laws Income Tax AT

Penalty u/s 271AAB invalid as no undisclosed income was surrendered or found during search; penalty not upheld.
December 31, 2021 Case Laws Income Tax AT

Dispute Over Share Valuation u/s 56(2)(viib) Using Balance Sheet for Fair Market Value Assessment.
December 31, 2021 Case Laws Income Tax AT

Penalty on Commodity Profit Contested; Not 'Undisclosed Income' u/s 271AAB, No Penalty Imposed.
December 31, 2021 Case Laws Customs HC

Validity of Certificate of Origin Affects Extended Limitation Period Under Customs Law; Recovery Rights Under Sale of Goods Act 1930.
December 31, 2021 Case Laws Companies Law Tri

Court Orders Removal of Members Due to Violation of Company's Articles; Register to Be Rectified According to Rules.
December 31, 2021 Case Laws Insolvency and Bankruptcy Tri

Party Seeks Release of Security Interest; Respondent Must Follow Section 52 of Insolvency and Bankruptcy Code for Liquidation.
December 31, 2021 Case Laws Insolvency and Bankruptcy Tri

Applicant's Claim Rejected to Protect Creditor Interests Under IBC; Resolution Professional Upholds Equitable Treatment Principles.
December 31, 2021 Case Laws Service Tax AT

Appeal Rejected for Non-Compliance with Section 35F Pre-Deposit Requirement; Case Remanded to Commissioner (Appeals) for Action.
December 31, 2021 Case Laws Service Tax AT

Subcontractor Escapes Service Tax Liability Due to Limitation Period; Main Contractor Covered Entire Tax Payment.
December 30, 2021 Case Laws GST AAR

IGST Not Applicable on High Sea Sales or FTWZ Transactions; Place of Supply Defined by Delivery End Location (Sec 10(1)(a)).
December 30, 2021 Case Laws GST DSC

Court Denies Anticipatory Bail for Alleged Rs. 6 Crore Fraud in Input Tax Credit Transfer Between Fake Firms.
December 30, 2021 Case Laws Income Tax HC

Tax Authority Violated Section 245: Adjusted Refunds Without Notice, Exceeding 20% Limit, Entitling Petitioner to Refund.
December 30, 2021 Case Laws Income Tax HC

High Court Orders Reassessment u/s 153C After Notices Sent to Wrong Email Address; Fresh Adjudication Needed.
December 30, 2021 Case Laws Income Tax AT

Assessee denied carry forward of losses benefit due to late income return filing; Form 3CEB lacked crucial details.
December 30, 2021 Case Laws Income Tax AT

Penalty u/s 271B Not Imposed Due to Reasonable Cause for Non-Audit u/s 44AB.
December 30, 2021 Case Laws Income Tax AT

Consultancy Fees Disclosed in Original Tax Return Not Considered Escaped Income; Error Lies in 2010 Assessment Order.
December 30, 2021 Case Laws Income Tax AT

Assessing Officer's 25% Bonus Disallowance Overturned; Bonuses Allowed as Deductions Under Income Tax Act Section 37.
December 30, 2021 Case Laws Income Tax AT

Late Tax Return Filing Denies Set-Off for Carried Forward Losses u/s 139(1) of Income Tax Act.
December 30, 2021 Case Laws Income Tax AT

Temporary Business Lull Not Permanent Closure; Maintain Corporate Status for Potential Rs. 460 Crore Litigation Income.
December 30, 2021 Case Laws Income Tax AT

No Penalty for Non-Disclosure of Capital Gain on Land Sale Due to Deeming Provisions u/s 50C.
December 30, 2021 Case Laws Customs HC

Customs House Agent's Employee Penalized Rs. 5,00,000 for Misusing License in Red Sandalwood Smuggling Under Customs Act.
December 30, 2021 Case Laws Customs AT

Imported Hankook Off-Road Mining Tyres Classified as Special-Purpose for Tractors & Dumpers, Not On-Road Use.
December 30, 2021 Case Laws Money Laundering DSC

Bail Denied in Money Laundering Case: Court Cites Risk to Trial Integrity, Applies CrPC Section 439 & PMLA Section 45.
December 30, 2021 Case Laws Service Tax AT

Refund Claims Timely if Filed Within One Year of Order Cancellation u/s 11B (5) Explanation B (eb.
December 30, 2021 Case Laws Central Excise AT

Natural Justice Case: Unrecorded Cash Transactions in Seized Notebooks Lead to Duty Demand and Penalty Confirmation.
December 30, 2021 Case Laws Indian Laws HC

Cheque Dishonor Case Dismissed; Continuing Section 174A Proceedings Deemed Court Process Abuse Despite Amicable Settlement.
December 30, 2021 Case Laws Indian Laws HC

Court Acquits Accused in Cheque Bounce Case: Debt Unenforceable Due to Invalid Money Lending Business u/s 138.
December 29, 2021 Case Laws GST HC

Court Considers Reopening Portal for GST TRAN-1 and TRAN-2 Declarations; Nodal Officer to Explore Solutions.
December 29, 2021 Case Laws GST HC

Refund Error Corrected: Wrong Account Credited, Funds Returned; Petitioner's Claim to be Processed via DRC-03.
December 29, 2021 Case Laws GST HC

Court Rules Payment Under Protest Amid Coercion Claims; Future Proceedings Under CGST Act Sections 73 or 74 Awaited.
December 29, 2021 Case Laws GST HC

Assessment Order Challenged Over Natural Justice Breach; Personal Hearing Notice Required Before Adverse Decision Issued.
December 29, 2021 Case Laws Income Tax SC

Supreme Court Declines Petition Challenging Tax Deduction on MACT Awards; Emphasizes Need for Aggrieved Party to File.
December 29, 2021 Case Laws Income Tax HC

High Court Condones Delay in Filing Revised Return Beyond Six-Year Limit u/s 119(2)(b) Due to Unique Circumstances.
December 29, 2021 Case Laws Income Tax HC

High Court's Role Limited to Ensuring Compliance in Reopening Assessments u/s 147 of the Income Tax Act.
December 29, 2021 Case Laws Income Tax HC

Lease Income from Commercial Assets Classified as Business Income by High Court for Effective Scheme Functioning.
December 29, 2021 Case Laws Income Tax AT

Assessee Accepts 0.6% Commission Rate u/s 68 for Bogus Transactions, CIT(A) Findings Stand Unchallenged.
December 29, 2021 Case Laws Income Tax AT

Share premium cannot be taxed as income from other sources u/s 68, as it falls under a different chapter.
December 29, 2021 Case Laws Income Tax AT

Court Finds Software Flaws Lead to Discrepancies in Stock Records; Deletes Additions u/s 69 of Income Tax Act.
December 29, 2021 Case Laws Income Tax AT

Court Deletes Unfair Tax Addition u/s 56(2)(vii)(b) Over Stamp Duty Valuation Discrepancy in Property Purchase.
December 29, 2021 Case Laws Income Tax AT

Assessing Officer's arbitrary income addition of 40% cash balance criticized; CIT(A) partial relief questioned, addition deleted.
December 29, 2021 Case Laws Income Tax AT

Deduction Disallowed: Section 10AA Claim Denied After 5-Year Section 10A Deduction for SEZ Unit.
December 29, 2021 Case Laws Income Tax AT

Penalty for Unexplained Loan Creditors u/s 271(1)(c) Overturned; No Concealment or Inaccurate Income Found.
December 29, 2021 Case Laws Income Tax AT

Assessments for 2011-15: Additions u/s 37 and Section 68/115BBE deleted due to lack of incriminating evidence.

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