Income Tax Notice issued without Struck off of irrelevant matters is not valid : High Court Therefore, it is clear from the law as laid down that if one of the irrelevant matters is not struck off, it would mean that AO himself was not sure while issuing the show-cause notice whether he had proceeded… Read More »
No reassessment after 3 years to tax entire capital gain as 100% TDS was deducted in assessee’s name due to co-owner lacking PAN Held Given the details of the payment of the sale consideration of Rs.69,30,000/- as set forth in the Sale Deed dated 13.04.2015, cannot dispute that the entire consideration is received by the… Read More »
Income Tax Department conducts search operations in Mumbai Posted On: 10 JAN 2024 8:06PM by PIB Delhi Income Tax Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023. Some of the authorised distributors of the group were also… Read More »
Assessee allowed to file Appeal as he was unaware of proceedings due to death of his consultant : High Court HIGH COURT OF MADRAS Samadhu Medicals v. Deputy State Tax Officer/Deputy Commercial Tax Officer KRISHNAN RAMASAMY, J. W.P NO. 35228 OF 2023 W.M.P. NO. 35209 OF 2023 DECEMBER 18, 2023 Rajkumar P. for the for Petitioner. Mrs. K.… Read More »
GST Number can not be cancelled by AO solely on basis of a letter received from another authority Held It is necessary for the Proper Officer to independently arrive at a satisfaction as to the circumstances as set out in Section 29(1) or 29(2) of the CGST Act.. Order is set aside You can reach… Read More »
CA Debartment by NAFRA for 10 years for non-submission of audit file despite repeated reminders Pursuant to information received from SEBI about non-compliance with accounting standards by company, NFRA initiated investigation into professional conduct of statutory auditors of a listed company under section 132(4) of the Companies Act, 2013. To investigate, the audit files and… Read More »
Whether ITC to be reversed on Financial/Commercial Credit Notes ? Many Notices and Demand Orders have been issued, demanding the reversal of Input Tax Credit (ITC) due to the Financial/Commercial Credit Notes. Here is the reply : 1. You claim ITC as per the provisions of Section 16 read with Rule 37. 2. Most of… Read More »
How to Reply GST Notice I KEY CASE LAW YOU MUST KNOW I GST Latest Judgment ICA Satbir Singh
GST Notice not valid if date of Personal Hearing not mentioned : High Court HIGH COURT OF MADHYA PRADESH Concord Tieup (P.) Ltd. v. State of Madhya Pradesh SHEEL NAGU AND DWARKA DHISH BANSAL, JJ. WRIT PETITION NO.26956 OF 2022 APRIL 25, 2023 Sanjay Mishra, Adv. for the Petitioner. Darshan Soni, Adv. for the Respondent. ORDER Dwarka Dhish Bansal, J.–… Read More »
One line cryptic GST notice not Valid : High Court HIGH COURT OF GUJARAT Rathod Enterprise v. State of Gujarat V. ANJARIA AND DEVAN M. DESAI, JJ. R/SPECIAL CIVIL APPLICATION NO. 18603 OF 2022 APRIL 13, 2023 Maulik Nanavati for the Petitioner. Raj Tanna for the Respondent. ORDER Devan M. Desai, J. – The petitioner, by way of this petition has… Read More »