Tax Invoices, E-Way Bills Not Enough To Avail GST ITC: Allahabad High Court
The Allahabad High Court has held that the tax invoices, e-way bills are not enough to avail Input Tax Credit (ITC) under Goods and...
GST ITC Can’t Be Denied By Citing Absence Of Toll Plaza Receipt; Allahabad High Court Stays Assessment Order
The Allahabad High Court while staying the assessment order held that the Input Tax Credit (ITC) under Goods and Service Tax (GST) cannot be...
ITAT Quick Weekly Flashback: 1 To 7 September, 2024
Failure To Disclose Closure Of Business To Income Tax Dept. Amounts To Deliberate Malicious Act Of Concealment: ITATCase Title: Real Cargo Mumbai Versus ITOThe...
Indirect Tax Quick Weekly Flashback: 1 To 7 September, 2024
Bombay High CourtState Can’t Retain Excess Stamp Duty Citing Limitation: Bombay High CourtCase Title: Nanji Dana Patel Versus State of MaharashtraThe Bombay High...
Exigibility Of Tax On Royalty Payments Is Still Pending Before Supreme Court; Madhya Pradesh High Court Permits Dept. To Proceed With SCN
The Madhya Pradesh High court, Jabalpur Bench, while hearing the writ petitions stated that the issue with regard to exigibility of tax on royalty...
PMLA | Delhi High Court Quashes Look-Out-Circular Restricting Sobha’ MD Jagadish Nangineni To Travel Abroad
The Delhi High Court has quashed the look-out-circular restricting Sobha’s Managing Director Jagadish Nangineni to travel abroad on the grounds that he was allegedly...
Income Tax Deduction Allowable On Expenditure Incurred On Brokerage Recovery From Builder: ITAT
The Mumbai Bench of Income Tax appellate Tribunal (ITAT) has held that income tax deduction is allowable on expenditure incurred on brokerage recovery from...
AO Failed To Investigate Instances Of Funds Misappropriation; ITAT Upholds Revision Challenging Income Tax Exemption
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision challenging income tax exemption on the grounds that the Assessing Officer...