Clipped from: https://www.taxscan.in/concerns-about-displayed-financial-transactions-in-ais-income-tax-dept-assures-source-authentication/343647/ The Income Tax Department, using the platform ‘X,’ formerly recognized as ‘Twitter,’ has provided a guarantee of source authentication/e-verification in response to any
Job Work Under GST
https://taxguru.in/goods-and-service-tax/job-work-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/job-work-gst.html Introduction: Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture.
Taxability of Dividend Income – FAQ’s
https://taxguru.in/income-tax/taxability-dividend-income-faqs.html Clipped from: https://taxguru.in/income-tax/taxability-dividend-income-faqs.html Dear friend’s now days, many people has started their investment journey in Stock Market. Some are investing directly in share market and
Comprehensive Guide to GST E-Invoice System Implementation
https://taxguru.in/goods-and-service-tax/comprehensive-guide-gst-e-invoice-system-implementation.html lipped from: https://taxguru.in/goods-and-service-tax/comprehensive-guide-gst-e-invoice-system-implementation.html Introduction: Welcome to the realm of GST tax compliance, where the E-Invoice System revolutionizes the way businesses handle invoices. Mandated by the GST
Service Tax Demand without Specification of Service Category in SCN : CESTAT Quashes Demand
Clipped from: https://www.taxscan.in/service-tax-demand-without-specification-of-service-category-in-scn-cestat-quashes-demand/343818/ The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the service tax demand which does not specify the service category
Reopening of assessment u/s 148 unjustified as all material facts fully disclosed
https://taxguru.in/income-tax/reopening-assessment-u-s-148-unjustified-material-facts-fully-disclosed.html Clipped from: https://taxguru.in/income-tax/reopening-assessment-u-s-148-unjustified-material-facts-fully-disclosed.html S. Uttam Chand Vs ACIT (Madras High Court) Madras High Court held that reopening of assessment u/s 148 of the Income Tax
Order cannot be deemed to be served in absence of proof of delivery
https://taxguru.in/service-tax/order-deemed-served-absence-proof-delivery.html Clipped from: https://taxguru.in/service-tax/order-deemed-served-absence-proof-delivery.html Shri Surya Prakash Gaur Vs Commissioner, Central Excise (CESTAT Delhi) Service of order by Speed Post cannot be deemed to be served
Reopening on ‘Borrowed Satisfaction’ Instead of ‘Independent Satisfaction’ is Unlawful
https://taxguru.in/income-tax/reopening-based-borrowed-satisfaction-independent-satisfaction-bad-in-law.html Clipped from: https://taxguru.in/income-tax/reopening-based-borrowed-satisfaction-independent-satisfaction-bad-in-law.html Paresh Babubhai Bahalani Vs ITO (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 147 of the Income
10-Year Extended Limitation Period Applies to Escaped Amounts Exceeding 50 Lakhs: Delhi HC quashes Reassessment Notice
Clipped from: https://www.taxscan.in/10-year-extended-limitation-period-applies-to-escaped-amounts-exceeding-50-lakhs-delhi-hc-quashes-reassessment-notice-read-order/345322/ A Division bench of the Delhi High Court, comprising Justice Rajiv Shakdher and Justice Girish Kathpalia, in the course of deciding a writ
Extended Period Demand Unsustainable as Scrutiny Should Have Been Timely
https://taxguru.in/service-tax/extended-period-invocable-demand-based-records-scrutinized-time-limit.html Clipped from: https://taxguru.in/service-tax/extended-period-invocable-demand-based-records-scrutinized-time-limit.html Right Resource Management Service Vs Commissioner of Central Goods And Service Tax (CESTAT Delhi) CESTAT Delhi held that demand invoking extended period
Invalid Service Tax Demand: Form 26AS Basis, No Investigation
https://taxguru.in/service-tax/service-tax-demand-based-form-26-income-tax-department-investigation-invalid.html Clipped from: https://taxguru.in/service-tax/service-tax-demand-based-form-26-income-tax-department-investigation-invalid.html Piyush Sharma Vs Commissioner of CGST & CX (CESTAT Kolkata) The CESTAT, Kolkata in M/s. Piyush Sharma v. Commissioner of CGST & CX,
Mere suppression of facts not enough for invoking extended period of limitation
https://taxguru.in/service-tax/mere-suppression-facts-enough-invoking-extended-period-limitation.html Clipped from: https://taxguru.in/service-tax/mere-suppression-facts-enough-invoking-extended-period-limitation.html Dinesh Chandra R Agarwal Infracon Pvt Ltd Vs Commissioner of CGST & C.Ex – Gandhinagar (CESTAT Ahmedabad) CESTAT Ahmedabad held that mere
Long Term Capital Gain Tax Exemption by investment in Section 54EC Bonds
https://taxguru.in/income-tax/long-term-capital-gain-tax-exemption-investment-section-54ec-bonds.html Clipped from: https://taxguru.in/income-tax/long-term-capital-gain-tax-exemption-investment-section-54ec-bonds.html Introduction: Capital gains, a crucial aspect of taxation, arise from the transfer of a capital asset in the previous year. To comprehend the
All about Taxation on sale of Immovable property
https://taxguru.in/chartered-accountant/taxation-sale-immovable-property.html Clipped from: https://taxguru.in/chartered-accountant/taxation-sale-immovable-property.html When a property is sold in India, the profit earned is called capital gains. The person gaining benefits from these capital gains
Understanding GST Section 36: Period of Retention of Accounts
https://taxguru.in/goods-and-service-tax/understanding-gst-section-36-period-retention-accounts.html lipped from: https://taxguru.in/goods-and-service-tax/understanding-gst-section-36-period-retention-accounts.html Introduction: Goods and Services Tax (GST) in India has streamlined the taxation system by replacing multiple indirect taxes with a unified tax
Limitation Period Extension for Cenvat Credit Demand requires Suppression of Facts
https://taxguru.in/excise-duty/limitation-period-extension-cenvat-credit-demand-requires-suppression-facts.html Clipped from: https://taxguru.in/excise-duty/limitation-period-extension-cenvat-credit-demand-requires-suppression-facts.html C.C.E. Ahmedabad-I Vs Chiripal Industries Limited (CESTAT Ahmedabad) Introduction: The recent case of C.C.E. Ahmedabad-I vs. Chiripal Industries Limited saw the Customs, Excise,
Deduction u/s 80(2)(d) available to co-operative society on interest received on deposits with co-operative bank
https://taxguru.in/income-tax/deduction-u-s-80-2-d-available-co-operative-society-interest-received-deposits-co-operative-bank.html Clipped from: https://taxguru.in/income-tax/deduction-u-s-80-2-d-available-co-operative-society-interest-received-deposits-co-operative-bank.html Kinjal Heaven Cooperative Society Ltd. Vs ITO (ITAT Mumbai) ITAT Mumbai held that were the co-operative society receives/earns the interest on deposits
Service Tax Demand Invalid Without Specific Service Category in SCN
https://taxguru.in/service-tax/service-tax-demand-invalid-specific-service-category-scn.html Clipped from: https://taxguru.in/service-tax/service-tax-demand-invalid-specific-service-category-scn.html K. Mayakrishnan Vs Commissioner of Central Excise and Service Tax (CESTAT Chennai) CESTAT Chennai Rules in Favor of Assessee: Service Tax Demand
Section 14 of IBC does not create a bar for finalisation of Tax assessment & adjudication proceedings
https://taxguru.in/excise-duty/section-14-ibc-create-bar-finalisation-tax-assessment-adjudication-proceedings.html Clipped from: https://taxguru.in/excise-duty/section-14-ibc-create-bar-finalisation-tax-assessment-adjudication-proceedings.html Platino Classic Motors India Pvt. Ltd. Vs Deputy Commissioner Of Central Tax And Central Excise (Kerala High Court) Introduction: Platino Classic Motors, a
No ITC on Solar Panel Goods/Services for Installation: AAAR Tamil Nadu
https://taxguru.in/goods-and-service-tax/itc-solar-panel-goods-services-installation-aaar-tamil-nadu.html Clipped from: https://taxguru.in/goods-and-service-tax/itc-solar-panel-goods-services-installation-aaar-tamil-nadu.html In re VBC Associates (GST AAAR Tamil Nadu) Introduction: The Appellate Authority for Advance Ruling (AAAR) in Tamil Nadu recently addressed the eligibility
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