Tax Guru40m
Patna HC Sets Aside GST Assessment which was Based on Taxable Turnover Estimate
Patna High Court invalidated a GST assessment for the petitioner, Run Service Infocare Pvt. Ltd., citing the lack of ...
Tax Guru1h
Chief Controlling Revenue Authority cannot review its own decision: Supreme Court
Supreme Court held that Chief Controlling Revenue Authority lacked any express statutory power to review or recall its own decision. Thus, once refund is granted by CCRA it cannot review the same and ...
Tax Guru1h
GST Assessment Order Without Assessing Officer Signature is invalid: AP HC
The government’s representative, upon investigation, confirmed that the assessment order did not contain the signature of the ...
Tax Guru1h
Co-operative credit society not holding banking license is eligible for deduction u/s 80P(2)-ITAT
In the matter abovementioned ITAT allowed appeal of the assessee by holding that assessee is eligible for claim of deduction u/s.80P(2)(a)(i) that all its income is from members. Assessee is a ...
Tax Guru1h
Section 263 notice is invalid if the original order ceases to exist: ITAT Jaipur
Ultimately, the ITAT Jaipur quashed the Section 263 order, reiterating that proceedings under this section cannot be initiated without a valid and subsisting assessment order. The judgment underscores ...
Tax Guru1h
IT department verifying Section 80GGC Political Donation deduction: What to Do?
If you’ve mistakenly claimed a deduction under Section 80GGC that you weren’t entitled to, it’s advisable to rectify the error by filing an updated return. Taking corrective action now can help you ...
Tax Guru1h
Revised Market Capitalisation Compliance – SEBI LODR 2024
As per SEBI circular dt.: 12 July, 2023 [2] read with reg. 34 of SEBI LODR top 500 companies as per market cap on 31 st ...
Tax Guru2h
HC Orders GST Registration Revocation Consideration Upon Return Submission with ₹50,000 Penalty
The respondents argued that the petitioner was given sufficient opportunities under the GST Act and Rules, including hearings and notice issuance. However, the Court noted that the petitioner’s ...
Tax Guru2h
Challenges in impact assessment relating to CSR projects
CSR reporting or impact assessment is made mandatory for the listed company having per project outlay of ₹1 crore and overall CSR spend of Rs 10 crore [1]. However, even if the law does not require ...
Tax Guru2h
GST DRC Forms Simplified: What They Mean & What You Need to Do
GST Demand and Recovery (DRC) forms are necessary for: Communicating tax liabilities and disputes between taxpayers and the GST department. Ensuring compliance and facilitating voluntary payments by ...
Tax Guru2h
PAS 6 Applicability for Non-Listed Companies: What You Should Know
PAS 6 Applicability guarantees that non-listed organizations uphold the right governance practices concerning shareholder facts, even without a public listing. This is mainly critical for companies ...
Tax Guru2h
Uttarakhand HC Stays Notification Extending limitation for GST Adjudication
Union of India (WPMB No. 548 of 2024), the Uttarakhand High Court stayed the operation of Notification No. 56/2023, issued on ...