Title 1: Appeal, Not Writ, Proper Remedy for Disputed ITC Demand. Issue 1: Whether a writ petition is maintainable when an alternate statutory remedy of appeal under Section 112 is available, particularly when challenging orders demanding interest, ineligible ITC, and penalty. Facts 1: A show cause notice was issued to the assessee alleging wrong availment… Read More »
Extended Time Limit for GSTR-3B Filing Allows ITC Claim. Issue: Whether an Input Tax Credit (ITC) denial order, based on the assessee’s failure to file Form GSTR-3B within the originally prescribed time limit for the period 2018-19, can be sustained when the time limit has been subsequently extended under Section 16(5) of the GST Act.… Read More »
Income Tax Exemption to Capital Gains on Transfer oacf Agricultural Land Introduction A farmer wants to shift his agricultural land for certain reasons and hence he sold his old agricultural land and from the sale proceeds he purchased another agricultural land. In this case, the objective of the seller was not to earn income by… Read More »