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Highlights / Annotations / Catch Notes For 2024

Home Highlights Year 2024

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Showing 4851 to 4900 of 9427 Records

1 ....94 95 96 979899 100 101 102........ 189

June 14, 2024 Case Laws FEMA

Appellant denied allegations under FERA 1973, requested cross-examination not granted. Lack of evidence against appellant, order set aside.
June 13, 2024 Case Laws GST

Validity of order u/s 73(9) regarding Input Tax Credit error on import of goods. Petitioners get another chance to explain.
June 13, 2024 Case Laws GST

Petitioner's GST registration cancelled for not filing returns. Court sets aside cancellation, with conditions.
June 13, 2024 Case Laws GST

Taxpayer's delay in filing GST registration revocation application condoned. If all requirements met, revocation will be considered.
June 13, 2024 Case Laws GST

Taxpayer entitled to refund of Input Tax Credit. Portal issue prevented timely filing. Allowed to submit manual application within 2 weeks.
June 13, 2024 Case Laws GST

Violation of natural justice challenged in assessment orders due to discrepancies in tax returns. Orders quashed, case remitted for fresh assessment.
June 13, 2024 Case Laws GST

Appeal dismissed due to 53-day delay, not 152 days as stated. Appellate authority can condone delay beyond 120 days.
June 13, 2024 Case Laws GST

Writ-petition challenging GST circulars remanded back to court of single bench for decision.
June 13, 2024 Case Laws Income Tax

Petitioner used shell entity for accommodation entries, failed to provide evidence, writ petition dismissed.
June 13, 2024 Case Laws Income Tax

Cash payments u/s 40A restricted for business expenses. Exemptions for special cases. Assessee must prove cash payment necessity. WP Dismissed.
June 13, 2024 Case Laws Income Tax

Assessment reopened for bogus purchases, but no valid reason found. No addition can be made without proper explanation. Appeal allowed.
June 13, 2024 Case Laws Income Tax

Bar Association granted registration u/s 80G. Activities found charitable. Time limit extended. Appeal allowed.
June 13, 2024 Case Laws Income Tax

Assessee's claim for lower tax rate u/s 115BAA rejected due to late filing. ITAT lenient on procedural lapses for substantive benefits.
June 13, 2024 Case Laws Income Tax

Penalty of Rs. 150,000 for not filing audit report on time set aside as no prior approval obtained. Appeal allowed.
June 13, 2024 Case Laws Income Tax

Bogus LTCG issue: Share transactions on regulated stock exchange platform deemed genuine. No evidence of wrongdoing. Addition u/s 68 deleted.
June 13, 2024 Case Laws Income Tax

Interest expenses disallowed u/s 40A(2) for unrelated parties. Rate of 11% not justified. Disallowance deleted. Loans genuine, addition u/s 68 rejected.
June 13, 2024 Case Laws Income Tax

Claim for deduction u/s 54 allowed as possession date considered purchase date.
June 13, 2024 Case Laws Income Tax

Appeal dismissed for filing in the name of deceased without legal heir mention. AO must refile with proper info.
June 13, 2024 Case Laws Income Tax

Application for registration u/s 80G(5) rejected due to technical glitch. Assessee to be given fair opportunity.
June 13, 2024 Case Laws Income Tax

Penalty for not filing tax return on time was cancelled as no tax was evaded. Assessee's appeal allowed.
June 13, 2024 Case Laws Income Tax

When TDS certificates had different TANs, confusion arose. Assessee complied with rules, so no default found. Appeal allowed.
June 13, 2024 Case Laws Income Tax

Application for registration u/s 12A/12AB rejected due to clerical error in e-filing. Tribunal allows correction.
June 13, 2024 Case Laws Income Tax

Reopening of tax assessment based on book profits under s. 115JB not valid. Tax liability on book profits exceeds total income.
June 13, 2024 Case Laws Income Tax

Revision was sought u/s 263 for lack of inquiry by AO on deduction u/s 32AC. Matter set aside for fresh review. Plant/machinery acquisition clarified. No merit found in appeal.
June 13, 2024 Case Laws Income Tax

Interest expenditure must be connected to interest income for deduction. Lack of evidence on TDS & payment disallows claim.
June 13, 2024 Case Laws Income Tax

Land sale & property purchase not same! Possession not equal to ownership. No deed, no deduction. Conditions not met, appeal dismissed.
June 13, 2024 Case Laws Income Tax

Notice issued on wrong address violates natural justice principles. Appellant entitled to fair hearing.
June 13, 2024 Case Laws Income Tax

After withdrawal of application u/s 80G, assessee couldn't reapply due to portal issue. Tribunal allows fresh application.
June 13, 2024 Case Laws Income Tax

Assessee received Rs. 37,12,500 dividend, distributed Rs. 30 Lakh to shareholders. Allowed deduction u/s 80M.
June 13, 2024 Case Laws Income Tax

Brand Ambassador Expenses not capital but revenue nature, deductible u/s 37. Advertisement expenses for sales promotion allowed. Warranty provision deductible u/s 37.
June 13, 2024 Case Laws Income Tax

Validity of proceedings u/s 153C questioned - AO didn't find incriminating evidence. Revenue to initiate proceedings u/s 148. Assessee's appeal allowed.
June 13, 2024 Case Laws Income Tax

Unexplained investment in factory construction added based on private valuer's report quashed. AO can refer to valuer during search/survey.
June 13, 2024 Case Laws Customs

Imported roasted areca nuts deemed fit for human consumption as per FSSAI reports. High Court orders release of consignments.
June 13, 2024 Case Laws Customs

TED: Court rules in favor of petitioner for refund of excise duty on deemed exports. Deemed exports entitled to same benefits as physical exports.
June 13, 2024 Case Laws FEMA

Petitioner's compounding application under FEMA rejected due to ongoing money laundering investigations. Compounding authority can't proceed.
June 13, 2024 Case Laws Service Tax

CESTAT ruled refund of service tax not allowed without challenging self-assessment. Refund based on assessment made.
June 13, 2024 Case Laws Service Tax

CESTAT ruled charges collected by appellant as pure agents not liable for service tax. No evidence against reimbursable expenses.
June 13, 2024 Case Laws Central Excise

High Court ruled in favor of refunding rebate amount with interest. Cash refund required, not credit. Payment due within 4 weeks.
June 13, 2024 Case Laws Central Excise

Filing appeal delayed by 891 days - no sufficient cause shown to condone delay. Bona fide motive crucial. Rules of limitation preserve rights.
June 13, 2024 Case Laws VAT and Sales Tax

Slump sale not taxable under MVAT Act. Reviewing authority exceeded jurisdiction. Impugned order illegal.
June 13, 2024 Case Laws Indian Laws

Co-op banks & MPID Act: Fraud in loan distribution. Co-op banks not excluded from MPID Act. RBI supervision not enough. Different laws, different purposes.
June 13, 2024 Case Laws Indian Laws

Court rules bidder with lower bid wins tender. GST not included in bids. Judicial review limited. Petition dismissed.
June 12, 2024 Circulars DGFT

RCMC for Medical Devices now issued by EEPC INDIA & other EPCs u/s recent decision. Customs to accept till further notice.
June 12, 2024 Circulars FEMA

Banks can open extra accounts for trade transactions in Indian Rupees. More flexibility for exports and imports.
June 12, 2024 Circulars FEMA

Exim Bank of India provides $23.37 mn LoC to Guyana for aircraft procurement. 75% of goods from India. No agency commission.
June 12, 2024 Case Laws GST

Petitioner challenged assessment orders, citing breach of natural justice. Court found discrepancies addressed, quashed order, directed fresh assessment.
June 12, 2024 Case Laws GST

Challenge to Show Cause Notice in GST DRC-01 dated 25.09.2023 upheld. No restriction on officer issuing SCN or adjudicating. Petition disposed.
June 12, 2024 Case Laws GST

Demand of tax on cotton purchase from agriculturist under GST Act confirmed. Penalty sustained. Argument of revenue neutrality rejected.
June 12, 2024 Case Laws GST

Petitioner's challenge to GST assessment rejected due to missing documents. Order quashed for re-consideration.
June 12, 2024 Case Laws GST

Seizing goods before election, dispute on release method. Court says: Bond & Bank Guarantee needed. Complainant must comply.

1 ....94 95 96 979899 100 101 102........ 189

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