Clipped from: https://www.taxscan.in/madras-high-court-sets-aside-income-tax-assessment-order-passed-hastily-without-considering-taxpayers-submission-amidst-approaching-deadline/436759/ In a recent ruling, the Madras High Court set aside the Income Tax assessment order which was passed hastily without considering the taxpayer’s
Day: September 17, 2024
👌Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC
Clipped from: https://www.taxscan.in/single-consolidated-gst-scn-u-s-73-cannot-be-issued-for-multiple-assessment-years-karnataka-hc/436871/ The Karnataka High Court has declared that issuing a single consolidated Show Cause Notice ( SCN ) under Section 73 of the Goods
👌👌👌👌👌GST Council recommends Rectification Process for ITC Orders u/s 73, 74, 107, and 108; Circular to Address ITC Issues
Clipped from: https://www.taxscan.in/gst-council-recommends-rectification-process-for-itc-orders-u-s-73-74-107-and-108-circular-to-address-itc-issues/436764/ Wrong availment of Income Tax Credit lead to the decision by 54th GST Council Meeting By Arjun A P – On September 14, 2024 10:12 am –
👌👌👌Extended Demand Period unsustainable Without Tax Evasion Intent
https://taxguru.in/excise-duty/extended-demand-period-unsustainable-tax-evasion-intent.html lipped from: https://taxguru.in/excise-duty/extended-demand-period-unsustainable-tax-evasion-intent.html Kanoria Energy & Infrastructure Ltd. Vs Commissioner, CGST & Central Excise (CESTAT Delhi) Summary: In the case of Kanoria Energy & Infrastructure Ltd.
👌👌👌Proceedings u/s. 130 of GST Act cannot be initiated for excess stock found during survey: Allahabad HC
https://taxguru.in/goods-and-service-tax/proceedings-u-s-130-gst-act-initiated-excess-stock-survey-allahabad-hc.html lipped from: https://taxguru.in/goods-and-service-tax/proceedings-u-s-130-gst-act-initiated-excess-stock-survey-allahabad-hc.html Vk Electricals Vs Additional Commissioner Grade-2 Appeal-Ii And Another (Allahabad High Court) Allahabad High Court held that in case of excess stock
👌👌👌👌👌RCM Liability/ITC Statement introduced on GST Portal
https://taxguru.in/goods-and-service-tax/rcm-liability-itc-statement-introduced-gst-portal.html Clipped from: https://taxguru.in/goods-and-service-tax/rcm-liability-itc-statement-introduced-gst-portal.html Summary: In August 2024, the GST Portal introduced a new RCM Liability/ITC Statement to help taxpayers manage their reverse charge mechanism (RCM) liabilities
👌👌👌The Rajasthan High Court has recently held that an assessee’s admission cannot be treated as conclusive evidence for income tax additions in the absence of corroborating material.
lipped from: https://www.taxscan.in/assessees-admission-not-a-valid-ground-for-income-tax-addition-rajasthan-hc/437752/ The Rajasthan High Court has recently held that an assessee’s admission cannot be treated as conclusive evidence for income tax additions in the
👌Tell a lie once and all your truths become questionable– thought I liked –Courtesy friends
Thought I liked
aniltikotekar4sme.com 