Tax Guru2h
No Service Tax Penalty If Tax dues Paid Before SCN: CESTAT Ahmedabad
CESTAT observed that since the appellant recorded the transactions in its books and voluntarily paid the tax and interest ...
Tax Guru3h
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 Guru3h
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 Guru3h
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 Guru23m
IBBI warns valuer for failure to disclose key reference data
It found that while the valuer used market-based methods, he failed to disclose key reference data, which could aid stakeholders in decision-making. The Authority ruled that omitting publicly ...
Tax Guru43m
SEBI Draft Circular on UPI Transfers: Public Consultation
SEBI introduced usage of Unified Payments Interface (UPI) as a mode of payment in the securities market for the first time in 2019. The successful experience and efficiency brought by UPI resulted in ...
Tax Guru51m
Service Tax is not chargeable on reimbursement of expenses: SC
For provision of such services, the Respondents were initially registered with the Service Tax department w.e.f. September, 2004 and subsequently, obtained the centralized registration w.e.f. May, ...
Tax Guru1h
Looming Threat of 100% Penalty for Delayed GST Compliance: Taxpayer’s Shield and Safeguards
Scenario 2: Taxpayer collected GST payments from recipients but delayed remittance for over three months In such a situation, it is advisable to voluntarily pay a 15% penalty along with applicable ...
Tax Guru2h
Section 12A Trust Registration Application cant be denied for Typo Error
The Tribunal set aside the CIT’s order and remanded the case for fresh adjudication, instructing the CIT to treat the application under the correct provision and assess it on merits. Additionally, ...
Tax Guru2h
Orissa HC Reduces Tax Deposit Requirement for GST Appeal Stay
Orissa High Court heard the petition filed by Gobinda Chandra Behera against the Commissioner of CT and GST concerning the order dated November 28, 2024, passed by the First Appellate Authority. The ...
Tax Guru2h
Summary, Highlights & Preface of Economic Survey 2024-25
Economic Survey 2024-25 forecasts India’s GDP growth between 6.3% and 6.8% for FY26, with real GDP at 6.4% in FY25, aligning with its decadal average. Inflation moderated to 4.9% in April-December ...
Tax Guru2h
Exemption Under Section 54F Allowed Even If Claimed Post section 148 notice
“When the assessee invests the entire sale consideration in construction of a residential house within three years from the date of transfer can he be denied exemption under section 54F on the ground ...