Reassessment Order Set Aside Where Show Cause Notice Cited Figures From Different Assessment Year Reassessment Order Set Aside Where Show Cause Notice Cited Figures From Different Assessment Year Issue Validity of Reassessment Order Based on Mismatched Show Cause Notice: Whether a reassessment order passed under Section 147 read with Sections 144 and 144B can be… Read More »
Project completion occurs on actual OC grant date, necessitating anti-profiteering refund until OC issuance. Project completion occurs on actual OC grant date, necessitating anti-profiteering refund until OC issuance. Issue Whether anti-profiteering provisions apply to a real estate project up to the actual grant date of the Occupancy Certificate (OC), and whether the builder is liable… Read More »
Developer Liable to Refund Profiteered Amount With Interest for Not Passing On Additional ITC Benefit Issue Whether the respondent developer is liable for anti-profiteering action under Section 171 of the CGST Act for failing to pass on the benefit of additional Input Tax Credit (ITC) to residential homebuyers through a commensurate reduction in flat prices.… Read More »
Anti-Profiteering Provisions Mandate Passing of Transitional ITC Benefits but Exclude Default Allotment Cancellation Interest Claims Issue Whether a real estate developer is liable for anti-profiteering actions for failing to pass on transitional Input Tax Credit (ITC) benefits to pre-GST homebuyers, and whether the anti-profiteering jurisdiction extends to deciding interest claims on refunds arising from the… Read More »
Section 53 of the IBC overrides the statutory first charge of the CGST Act during liquidation. Section 53 of the IBC overrides the statutory first charge of the CGST Act during liquidation. Issue Whether the statutory first charge on property created under Section 82 of the CGST Act, 2017 allows the State Tax Department to… Read More »
LIVE: PM Modi, PM Sanae Takaichi attend India-Japan Joint Economic Forum LIVE: PM Modi, PM Sanae Takaichi attend India-Japan Joint Economic Forum NEW DELHI PM Modi Live: Prime Minister Narendra Modi and Prime Minister Sanae Takaichi attend the India-Japan Joint Economic Forum in Delhi. #pmmodi #narendramodi #japan The new Japan-India Compressed Biogas (CBG) initiative was… Read More »
A business cannot absorb a GST rate cut into its profit margins by increasing base prices; any tax reduction must be commensurately passed on to consumers. Issue Whether a cinema theater operator is legally justified in maintaining the same retail (cum-tax) ticket prices after a GST rate reduction by increasing its base prices, and whether… Read More »
MHA warns of rising AI-driven deepfake frauds targeting financial, digital systems MHA warns of rising AI-driven deepfake frauds targeting financial, digital systems The Ministry of Home Affairs has warned that cybercriminals are increasingly using AI-generated deepfakes and synthetic identities to bypass authentication systems, conduct financial fraud and steal identities. Citizens and institutions have been urged… Read More »
Fully digital system for traffic challan settlement in New Delhi New Delhi: Chief minister Rekha Gupta announces a new time-bound and fully digital system for traffic challan settlement, mandating payment or contest within 45 days and requiring a 50 per cent deposit before approaching courts. The revised framework, aligned with amendments to the Central Motor… Read More »