Clipped from: https://taxguru.in/goods-and-service-tax/input-tax-credit-output-supply-exempt-supply-supply-rcm.html Summary: Input Tax Credit (ITC) rules, under Section 17 of the GST Act, address how credits should be managed when goods or services are
👌👌👌👌👌Common Time Limit for GST Demand Notices & Orders , Regardless of Fraud or Misstatement
Clipped from: https://taxguru.in/income-tax/common-time-limit-gst-demand-notices-orders-fraud-misstatement.html Common time limit for issuing demand notices and orders, regardless of whether the case involves fraud, suppression, or willful misstatement under GST Introduction:
👌👌👌Notices issued through income tax portal only is not a valid service of notice: ITAT Chandigarh
Clipped from: https://taxguru.in/income-tax/notices-issued-income-tax-portal-valid-service-notice-itat-chandigarh.html Chhering Tomdan Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that since notices were issued through ITBA portal only it cannot be treated as
👌👌👌👌👌👌👌Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors (SC)
Clipped from: https://taxguru.in/income-tax/interpreting-reassessment-provisions-uoi-vs-rajeev-bansal-ors-sc.html Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors – Civil Appeal No 8629 of 2024 (SC) The primary issue is whether
👌👌👌Personal Hearing Mandatory U/s. 75(4) Before Passing of Orders: Allahabad HC
Clipped from: https://taxguru.in/goods-and-service-tax/personal-hearing-mandatory-section-754-passing-orders-allahabad-hc.html Summary: In the case of M/s. Eveready Industries India Limited v. State of UP, the Allahabad High Court addressed the requirement of personal hearings under
Summary of show cause notice cannot substitute requirement of notice u/s. 73: Gauhati HC
Read more at: https://taxguru.in/goods-and-service-tax/summary-show-notice-substitute-requirement-notice-u-s-73-gauhati-hc.htmlCopyright © Taxguru.in Passing of ex-parte order without considering merits of case unjustified: Matter restored
👌👌👌Passing of ex-parte order without considering merits of case unjustified: Matter restored
Clipped from: https://taxguru.in/income-tax/passing-ex-parte-order-merits-case-unjustified-matter-restored.html Ambika Prashad Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that passing of an ex-parte order by CIT(A) without considering the merits of the
👌👌👌Deduction u/s. 80P(2)(d) not available on interest from savings bank account in co-operative bank
Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-2-d-interest-savings-bank-account-co-operative-bank.html Karumandurmedu MPCS Ltd Vs DCIT (ITAT Chennai) ITAT Chennai held that interest earned out of savings bank account maintained in a co-operative bank
👌👌👌SC gives relief to IT department, but it’s bad news for 90,000 assessees – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/sc-gives-relief-to-it-department-but-its-a-bad-news-for-90000-assessees/article68713650.ece Taxpayers will need to quickly comply with the requirement of notices issued in their cases and complete the proceedings In a big win
Deduction u/s. 80P(2)(d) available to co-op society for funds deposited in co-op banks: ITAT Ahmedabad
Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-2-d-co-operative-society-funds-deposited-co-operative-banks-itat-ahmedabad.html Sumel 6 Commercial Co-op. Service Society Limited Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that co-operative society is entitled for deduction under section
👌👌👌👌👌Challenges faced by taxpayers due to inefficiency by GST department
Clipped from: https://taxguru.in/goods-and-service-tax/challenges-faced-taxpayers-due-inefficiency-gst-department.html Summary: India is positioning itself as a business-friendly destination, but inefficiencies in its tax administration present significant challenges for taxpayers. Despite initiatives like Make
👌👌👌Six tips to help choose right car insurance policy – Car News | The Financial Express
Clipped from: https://www.financialexpress.com/auto/car-news/six-tips-to-help-choose-right-car-insurance-policy/3628563/?ref=hometop_hp In India, car insurance is legally required, making it crucial for buyers to prioritize adequate coverage over low premiums and compare policies. In
👌👌👌Internship portal to be launched on Oct 3; top 500 companies can tie up with others in supply chain
Clipped from: https://indianexpress.com/article/business/internship-portal-launch-top-500-companies-tie-up-with-others-in-supply-chain-9598210/ Candidates selection through backend bots, companies to then scrutinise and pick; portal live from Oct 12. Candidates having studied from IIT, IIM, IISER
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