GST Demand Order Set Aside as Summary of Show Cause Notice in Form GST DRC-01 is not a substitute for a proper SCN. Summary in Key Points: Issue: Whether a GST demand order passed without issuing a proper show cause notice (SCN) under Section 73(1) of the GST Act is valid. Facts: The assessee challenged… Read More »
Multiple Show Cause Notices for the Same Period Under GST can be issued if they address different subject matters. Summary in Key Points: Issue: Whether the GST authorities can issue multiple show cause notices (SCNs) to an assessee for the same period, covering different issues. Facts: The assessee received two SCNs for the same period. The… Read More »
Condonation of Delay in Application for Revocation of GST Registration Cancellation on Payment of Dues Summary in Key Points: Issue: Whether the delay in filing an application for revocation of GST registration cancellation can be condoned. Facts: The assessee’s GST registration was cancelled. They later filed an application for revocation of cancellation, but it was… Read More »
Assessee has the right to cancel their GST registration after closing their business Summary in Key Points: Issue: Whether an assessee has the right to cancel their GST registration after closing their business, and whether the revenue department can refuse such cancellation. Facts: The assessee applied for cancellation of their GST registration after closing their… Read More »
GST Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Tamil Nadu and Himachal Pradesh Jan 28th, 2025 Dear Taxpayers, This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. 1.… Read More »
Non-Applicability of Section 56(2)(vii)(c) in a Scheme of Amalgamation for Public Limited Companies Summary in Key Points: Issue: Whether Section 56(2)(vii)(c) of the Income-tax Act, 1961, which deals with the taxation of certain transfers as income from other sources, applies to the issuance of shares by a public limited company in a scheme of amalgamation.… Read More »
Criminal Prosecution Quashed for Delay in Depositing TDS Due to Delay in Fee Reimbursement Summary in Key Points: Issue: Whether criminal prosecution under Section 276B of the Income-tax Act, 1961 for failure to deposit Tax Deducted at Source (TDS) is warranted when the assessee demonstrates reasonable cause for the delay. Facts: The assessee, an educational… Read More »
Revision Order under Section 263 Upheld Based on Audit Objections Summary in Key Points: Issue: Whether the Principal Commissioner of Income-tax (PCIT) was justified in invoking revisional jurisdiction under Section 263 of the Income-tax Act, 1961, and setting aside the assessment order based on audit objections. Facts: The assessee’s assessment was completed, but later, audit… Read More »
Condonation of Short Delay in Filing Appeals before ITAT Summary in Key Points: Issue 1 (Condonation of Delay): Whether the delay in filing appeals before the Income Tax Appellate Tribunal (ITAT) can be condoned for the assessment years 2018-19, 2019-20, and 2020-21. Issue 2 (Validity of Reassessment): Whether the reassessment proceedings and orders passed for… Read More »
Reopening of Assessment for Cash Deposits – SLP Dismissed as the assessee intends to go back to the High Court to point out a factual error in the High Court’s judgment. Summary in Key Points: Issue: Whether a Special Leave Petition (SLP) challenging the High Court’s order upholding the reopening of an assessment should be… Read More »