Clubbing of Income under the Indian Income Tax Act, 1961 Clubbing of income refers to including another person’s income in the taxpayer’s total income under certain circumstances as per the Income Tax Act, 1961. This is done to prevent tax evasion by transferring income to another person. The provisions of clubbing of income are applicable… Read More »
**Income Tax Department** **Central Board of Direct Taxes** — **Clubbing of Income under the Indian Income Tax Act, 1961** — **Introduction:** Clubbing of income refers to including another person’s income in the taxpayer’s total income under certain circumstances as per the Income Tax Act, 1961. This is done to prevent tax evasion by transferring income… Read More »
Delay in Filing GST Registration Revocation Application Condoned; Application to be Considered Issue: Whether the delay in filing an application for revocation of cancellation of GST registration can be condoned. Facts: The assessee’s GST registration was cancelled. The assessee filed an application for revocation of the cancellation, but there was a delay in filing the… Read More »
Delay in Filing GST Registration Revocation Application Condoned; Revocation to be Considered on Payment of Dues Issue: Whether the delay in filing an application for revocation of GST registration cancellation can be condoned under Rule 23 of the OGST Rules. Facts: The assessee’s GST registration was cancelled by an order dated December 12, 2023. The… Read More »
GST Registration Cancellation Quashed; Restoration Ordered Upon Compliance Issue: Whether the cancellation of GST registration is valid when the tax authorities concluded that the taxpayer was not functioning at the declared principal place of business, despite the taxpayer providing evidence to the contrary. Facts: The tax authorities cancelled the assessee’s GST registration. The cancellation was… Read More »
ITC Allowed on Demo Vehicles as per CBIC Circular Dated 10.09.2024 Issue: Whether the assessee is entitled to Input Tax Credit (ITC) on demo vehicles in light of a recent circular issued by the Central Board of Indirect Taxes and Customs (CBIC). Facts: The assessee sought ITC on demo vehicles. Subsequent to the impugned order,… Read More »
Writ can not be filed by Supplier to Audit ITC Claim of Recipient if Payment not made to him Issue: Whether a writ of mandamus can be issued against tax authorities to take action against a third respondent for allegedly illegally claiming Input Tax Credit (ITC) without making payment, and whether an audit of the third… Read More »