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Denying GST ITC On Advance Receipts Would Create Inconsistency And Disrupt Harmonious Functioning Of GST Provisions, Rules Bombay High Court

The Bombay High Court has ruled that denying (Input Tax Credit) ITC on advance receipts would create inconsistency and disrupt the harmonious functioning of...

Restriction Under Section 45 Of PMLA Not Applicable To Constitutional Courts In Granting Bail To Money Laundering Accused: Allahabad High Court

The Allahabad High Court has held that the restriction under section 45 of Prevention of Money Laundering Act (PMLA) is not applicable to constitutional...

Sanction From Govt. Mandatory To Take Cognizance Against Public Servants For Money Laundering Offences: Supreme Court

The Supreme Court has held that the sanction from the government under Section 197 of Code of Criminal Procedure (Cr. PC) is mandatory to...

Indirect Tax Weekly Flashback: 10 To 16 November 2024

Indirect Tax Weekly Flashback: 10 To 16 November 2024. Table of Contents - Indirect Tax Weekly FlashbackDelhi High court Delhi High court Directs Customs Dept. To...

Bombay High Court Directs DGFT To Pay Cost Of Rs. 50,000 To L&T: Know Why?

The Bombay High Court has directed the Directorate Of Foreign Trade (DGFT)  to pay a cost of Rs. 50,000 to Larsen & Toubro Limited...

Interest On Delayed IGST Refund Payable From 60 Days After Filing Of Shipping Bill: Bombay High Court 

The Bombay High Court has held that the Petitioner is entitled to interest under Section 56 of the CGST Act for the period beginning...

Allahabad High Court Comes Down Heavily On Advocate Of PMLA Accused For Sending Emails To Enforcement Directorate

The Allahabad high court comes down heavily on advocate of accused involved in Prevention Of Money Laundering Act (PMLA) for sending emails to enforcement...

BREAKING | Union Budget 2025: CBDT Working On Simplified  Version Of Income Tax Laws

The Union Government is preparing the Union Budget 2025, which shall be presented on February 1, 2023, the Central Board of Direct Taxes (CBDT)...

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