Amendments to Section 17(2) Rent Perquisite Valuation is Constitutionaly Valid : SC Summary: Issue 1: Whether the amendments to Section 17(2)(ii) of the Income-tax Act, 1961, relating to the valuation of perquisites in the form of rent concessions for bank employees, are constitutional. Issue 2: Whether the legislature can create a legal fiction to deem… Read More »
9 Important GST Case Laws 26.01.2025 Sr No Case Law Title Brief Summary Citation Relevant Act 1 Vodafone Idea Ltd. v. Union of India Rebate Claims for Exported Telecom Services Allowed Despite Missing Original Documents Click here Section 11B Central Excise Act, 1944 2 Frontier Shelters (P.) Ltd. v. Joint Commissioner Delayed filing their GSTR-3B… Read More »
High Court directs CBDT to allow sec. 87A rebate claim from Special Rate Income also Summary: The Chamber of Tax Consultants filed a Public Interest Litigation (PIL) challenging the modification of the online tax return filing utility by the Income Tax Department. The modification prevented taxpayers from claiming a rebate under Section 87A of the… Read More »