Clipped from: https://taxguru.in/income-tax/reassessment-quashed-reasons-assessee-higher-forum-exact.html Nvidia Graphics Pvt. Ltd. Vs ACIT (ITAT Bangalore) ITAT Bangalore held that when the reasons supplied to the assessee and the reasons supplied
Month: November 2024
👌👌👌👌👌Medical condition not sufficient cause for inordinate delay of four years in filing appeal: Kerala HC
Clipped from: https://taxguru.in/goods-and-service-tax/medical-condition-sufficient-inordinate-delay-years-filing-appeal-kerala-hc.html Baiju George Vs Commissioner of Goods And Service Taxes Department (Kerala High Court) Kerala High Court held that inordinate delay of four years
👌👌👌👌👌GST assessment order served to old address is not valid service of order: Madras HC
Clipped from: https://taxguru.in/goods-and-service-tax/gst-assessment-order-served-address-valid-service-order-madras-hc.html Zest Buildtek Promotors Vs Deputy Commissioner of GST & Central Excise (Madras High Court) Madras High Court held that assessment order served to
👌👌👌Q2 GDP Growth Data 2024: India’s growth rate dipped to 5.4% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gdp-shocker-growth-rate-dipped-to-54/article68926855.ece Real GVA increased by 5.6 per cent in Q2 of FY25, down from 7.7 per cent growth rate in Q2 of the previous
👌👌👌👌👌Q2 growth disappointing but 6.5% GDP target for FY25 ‘not in danger’, says CEA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/q2-growth-disappointing-but-65-gdp-target-for-fy25-not-in-danger-says-cea/article68928133.ece It is too early to extrapolate to full fiscal GDP growth figure, says Nageswaran Chief Economic Advisor V Anantha Nageswaran on Friday described
👌👌👌GDP growth hits 7-quarter low of 5.4% in Q2 as manufacturing slows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gdp-shocker-economic-growth-hits-7-quarter-low-of-54-in-july-sept-period/article68927976.ece Weak corporate numbers, demand drop, inflation to blame, too; not alarming: CEA India’s growth in the July-September quarter (Q2 of FY25) slowed to
Cover for Month-long Road Trips Abroad – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/insurance-query-cover-for-month-long-road-trips-abroad/article68926119.ece For a month-long road trip across Europe, choose travel insurance with car rental coverage, including liability, collision damage waiver and personal accident protection
👌👌👌👌👌👌👌Are Your Advance Tax Payments on Course? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/are-your-advance-tax-payments-on-course/article68926896.ece With the December 15 deadline fast approaching, a lowdown on advance tax quarterly payments December 15, the deadline for payment of the next
👌👌👌👌👌Are rates stressful or are we barking up the wrong tree? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/incoming/are-rates-stressful-or-are-we-barking-up-the-wrong-tree/article68928417.ece Beyond the fickle headlines of strong growth, there is a profusion of distress among households with respect to productive employment and real incomes,
👌👌👌Service Tax Demand Cannot Be Solely Based on Oral Statements: CESTAT Ahmedabad
Clipped from: https://taxguru.in/service-tax/service-tax-demand-solely-based-oral-statements-cestat-ahmedabad.html Krish Corporation Vs Commissioner of C.E. & S.T.-Surat-i (CESTAT Ahmedabad) Demand cannot be raised solely based on the oral statement of witness without
👌👌👌👌👌Procedure for Relief from Demand under Section 16(4) of CGST
Clipped from: https://taxguru.in/goods-and-service-tax/procedure-relief-demand-section-164-cgst.html Summary: The recent amendment to Section 16 of the CGST Act introduces provisions for claiming Input Tax Credit (ITC) for taxpayers who faced demand
👌👌👌👌👌👌👌No Section 54 Exemption for Plywood Structures: Delhi HC
https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Clipped from: https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Sandeep Hooda Vs PCIT (Delhi High Court) Delhi High Court held that putting together a structure of plywood sheets cannot be construed
👌👌👌👌👌Case Digest on IGST Refund
Clipped from: https://www.taxscan.in/case-digest-on-igst-refund/382496/ Under GST, Exports and supplies to SEZ are zero rated as per section 16 of the IGST Act, 2017. By zero rating it
👌👌👌👌👌Expiry of E-way Bill under CGST Act: A Complete Case Digest
Clipped from: https://www.taxscan.in/expiry-of-e-way-bill-under-cgst-act-a-complete-case-digest/419404/ The E-way bill system under GST ensures smooth movement of goods across India with proper documentation. Understanding the validity and extension process of
👌👌👌👌👌GST Case Digest on Rejection of ITC Claims based on GSTR-2A vs GSTR-3B Mismatch
Clipped from: https://www.taxscan.in/gst-case-digest-on-rejection-of-itc-claims-based-on-gstr-2a-vs-gstr-3b-mismatch/404733/ GSTR-3B is a summary return that taxpayers need to file monthly. It includes a summary of outward supplies, Input Tax Credit claimed, tax liability, and
👌👌👌👌👌Case Digest on Retrospective Cancellation of GST Registration
Clipped from: https://www.taxscan.in/case-digest-on-retrospective-cancellation-of-gst-registration/393386/ Cancellation of GST Registration means the permanent closure of the GSTIN in some circumstances such as closure/transfer/change in constitution of the business etc. and it can be
👌👌👌👌👌Complete Case Digest on Wrongful Availment of ITC
Clipped from: https://www.taxscan.in/complete-case-digest-on-wrongful-availment-of-itc/412888/ As per the GST provisions, if an entity wrongly avails Input Tax Credit ( ITC ) but hasn’t utilised it, it must reverse
👌👌👌👌👌Case digest on Section 16(4) of CGST Act
Clipped from: https://www.taxscan.in/case-digest-on-section-164-of-cgst-act/386057/ The Section 16 (4) of CGST Act is defined as a specified time frame in which a registered taxpayer is required to claim
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