Tax Guru1h
Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law
In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax ...
Tax Guru1h
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...
Tax Guru1h
Central Excise Claims Not Secured Debt: NCLAT Delhi
NCLAT decisions, to emphasize that claims under Section 11E of the Central Excise Act and similar provisions are not ...
Tax Guru44m
Section 129 GST Penalty Set Aside, Matter Remanded for Readjudication
1. This writ petition has been filed by the petitioner aggrieved of the impugned demand of penalty order passed in form GST MOV- 09 dated 17.09.2024 by Respondent No.2 under the provisions of CGST/ ...
Tax Guru57m
Bombay High Court Dismisses GST Writ Petition, Cites Appeal Remedy
Bombay High Court dismissed the writ petition filed by Bekem Infra Projects Pvt. Ltd. challenging a GST adjudication order passed under Section 73(9) of the CGST Act, 2017. The petitioner contended ...
Tax Guru1h
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
Tax Guru1h
SC Quashes FIR Against Ex-Excise Commissioner, Cites Economic Factors in Asset Valuation Over 25 Years
In the case of Nirankar Nath Pandey Vs State of U.P. & Ors., the Supreme Court quashed an FIR lodged against the former Excise Commissioner, Nirankar Nath Pandey, under charges of possessing ...
Tax Guru1h
Applicability of Section 13(1)(b): ITAT Remands Trust Registration Case to AO for Re-examination
This appeal has been filed by the Assessee-trust against the order dated 19.02.2024 passed by the Commissioner of Income-tax (Exemption) Ahmedabad, (in short ‘the CIT (Exemption)’), rejecting the ...
Tax Guru1h
ITAT Orders Recalculation of Limitation Excluding COVID-19 Period
In Bharat Shetty Vs ITO (ITAT Lucknow), the ITAT Lucknow addressed the issue of limitation for filing an appeal in light of the COVID-19 pandemic. The assessee had filed an appeal against an order ...
Tax Guru1h
Himachal HC Reviews GSTAT Eligibility Technical Member Relaxation Decision
Himachal Pradesh High Court is reviewing a case concerning the relaxation of eligibility criteria for the appointment of Technical Members (State) to the GST Appellate Tribunal (GSTAT). The case, Amit ...
Tax Guru1h
LLP vs Pvt Ltd: Key Differences in Taxation and Compliance
LLP: An LLP is taxed as a partnership organization. The income of an LLP is taxed for 30% on profits, plus applicable surcharge and cess. There are no dividend distribution taxes (DDT) in LLPs, which ...
Tax Guru2h
Union Budget 2025: Key Industry and Common Man Expectations
Mostly MSME adopt Partnership Firm model of business as compared to corporate or Proprietorship Model. But Firms are taxed at 30% tax rate from the income starting from Rs. 1 as compared to 20% tax ...